“Underlying most arguments against the free market is a lack of belief in freedom itself.” – Milton Friedman

Even since the Great Texas Blackout of February 2021, I have tried to engage classical liberal scholars with the lost tradition of free market electricity in theory, practice, and public policy. An interesting exchange with economist Steve Postrel on social media some months ago is worth preserving, in this regard.

Postrel is very critical of Lynne Kiesling’s uber-technical optimism with governmental chess pieces (wind, solar, batteries, another story). But he rejects a free market in electricity.

I reproduce the exchange and then offer a critical comment. It began with my reference to my AIER primer: Free Market Electricity.

Postrel to Bradley: I am familiar with the old Primeaux and Demsetz [free market] arguments, but they have little concordance with each other or with the pre-regulation utopia you try to resurrect in your article.…

“Will the Trump Administration challenge against climate alarm and forced energy transformation reach its logical end? Can commercial nuclear power be privatized away from DOE for this to happen? Can ‘carbon management’ be demoted as part of this? Free market, classical liberal proponents can only hope so.”

The U.S. Department of Energy (DOE) was a mistake on Day 1. It continues to be a harem of government intervention on the supply and demand sides. It should be abolished as an easy budget cut, with the military side moved back to the U.S. Department of Defense.

Remember President Reagan’s campaign pledge to abolish DOE? He continued the promise into his first term, with his energy secretary, James Edwards, promising to work himself out of a job and “spread salt on the earth to make sure [DOE] never rose again.”…

“My aim is to finish projects to offer a comprehensive, reliable foundation for future energy scholars to expand and improve upon. Many specific episodes can be studied in greater depth, and future events will require analysis.”

This week is a birthday of note for me. Looking back at a half-century of interest in energy history and public policy, I thank my lucky stars and celebrate a worldview–classical liberalism–that has held up very well over time. It is not how smart you are; it is the ability to discern between a false narrative and objective reality. And with a reliable framework to understand the world, blue-collar research was the wide-open opportunity for me. I have never looked back.

My odyssey began with an Ayn Rand novel in high school on individualism. That got me to free-market economics in college.…

“To those who voted for this Administration … ask yourself if this is really what you voted for. I’m willing to bet that, for many of you, the answer is no.” ( Emily Rossi, former DOE employee, below)

Milton Friedman often warned that good intentions are not enough. It is results that matter. Thus, the right worldview is crucial.

I was reminded of this upon reading this farewell post by Emily Rossi, (former) Senior Advisor to the U.S. Dept. of Energy. [Note: these links do not work for me–I might have been blocked. Or she went underground.]

Yesterday was my last day as a federal employee with the U.S. Dept. of Energy [after almost three years]. I’ll have news to share soon about what comes next, but for today, I’d like to reflect on my time at the DOE under Secretary Jennifer Granholm and Deputy Secretary Dave Turk, and join the growing chorus of people lifting up the contributions of federal workers.