Chris Horner’s Red Hot Lies: How Global Warming Alarmists Use Threats, Fraud, and Deception to Keep You Misinformed (Regnery, 2008) documents a number of instances of questionable, peculiar, and even reprehensible behavior by climate alarmists toward their critics.

And the problem continues.…

The Wall Street Journal reports today that the world’s elite, gathering in Davos this week, are amazed at how little they know about the economy. There is even talk about how capitalism itself is a failing business model. One participant, who is giving a business leadership seminar there, is quoted as saying:

The capitalist myth is lovely and youthful. It kicked off the industrial revolution, but maybe we need a new one.

Instead of looking for new government quick-fixes, business and government leaders need to discover (I wish I could say, rediscover) what is real capitalism–free-market capitalism–in theory and practice.

Today’s problems can be traced to the government side of the mixed economy, as well as a perverted capitalist ethic in the boardroom.…

Ed. Note: Five years ago, Storm Uri caused Texas’s centrally planned wholesale electricity market (ERCOT) to buckle, vindicating warnings about the state’s wind/solar reliance. The mainstream media implicated natural gas instead, failing to explore the why behind the why. Rather than deregulation, Texas post-Uri has chosen to add wind, solar, and batteries, while subsidizing natural gas plants to counter intermittency. This duplicated grid is now driving rates up in a state that could have relied on surplus natural gas instead.

It was not so much the story of freak weather triggering a market failure writ large. It was a classic application of the political economy of government intervention: the seen and the unseen, expert/regulatory failure, and unintended consequences. Don Lavoie, a preeminent thinker in the field of market-versus-government planning, once warned:

If the guiding agency is less knowledgeable than the system it is trying to guide—and even worse, if its actions necessarily result in further undesired consequences in the working of that system—then what is going on is not planning at all but, rather, blind interference by some agents with the plans of others.” 

“We are deeply concerned about the implications of this directive [for DOE to quantify the CO2-intensity of domestic versus foreign goods]. While framed as a study, the structure and scope closely mirror the foundational work required to implement a U.S. carbon tax. Given your well-known opposition to carbon taxes and related schemes, we wanted to ensure you were fully aware of this provision and its potential trajectory.” (AEA Coalition Letter to DOE Secretary Chris Wright, below)

Trump 2 has represented a new era of energy consumerism against the termite aspirations of the Progressive Left. A recent compilation by the Institute for Energy Research lists 263 executive actions in this regard.

But the CO2 tax crowd lurks and can occasionally sneak one through. This occurred recently with a backdoor inclusion of an opening gambit toward an U.S.-side…