Search Results for: "Milton Friedman"
Relevance | DateGreen Party Energy: Front Door Cronyism, Back Door Poverty (convention concludes in Houston)
By Robert Bradley Jr. -- August 8, 2016 3 Comments“I know it’s a long shot, but there has to be someone telling the truth and showing a clear vision moving away from capitalism to an eco-socialist future that is just for everyone.”
– Gary Stuard (Green Party). Quoted in Kim McGuire, “Greens Steadfast on Environment.” Houston Chronicle, August 6, 2016, p. A4.
Milton Friedman once said: “One of the great mistakes is to judge policies and programs by their intentions rather than their results.” The uncommonly wise economist also said: “Concentrated power is not rendered harmless by the good intentions of those who create it.”
Let’s assume that the Green Party is made up a fair number of well meaning, non-corrupted (as in ‘crony capitalist’) individuals that really want the common person to have a good life and entrepreneurial opportunities.…
Continue ReadingAnti-Public Utility Regulation, Pro Business (political vs. free-market capitalism)
By Jim Clarkson -- August 2, 2016 No Comments“You must separate out being pro free enterprise from being pro business. The two greatest enemies of the free enterprise system, in my opinion, have been, on the one hand, my fellow intellectuals, and, on the other hand, the big businessmen.” (Milton Friedman)
“Utility regulation is the unholy union of vested privilege and authoritarian ideology that produces the Rosemary’s baby of flagrant cronyism.” (below)
When an economic libertarian criticizes Georgia Power and Atlanta Gas Light (the utilities in my service area), it doesn’t mean that big corporations or business in general is bad. Quite the contrary, business operating in a free market is morally legitimate and has a sound public policy purpose.
What is opposed is the use of government power to enrich an enterprise instead of winning consumers through superior performance in a competitive market.…
Continue ReadingJane Mayer on Energy Policy: Some Corrections
By Robert Bradley Jr. -- February 11, 2016 No Comments“Price controls cause shortages, and government allocation exacerbates it. This was learned the hard way during the 1970s, particularly with oil, thanks to Republican President Richard Nixon.”
George Melloan’s review of Jane Mayer’s Dark Money: The Hidden History of the Billionaires Behind the Rise of the Radical Right (Wall Street Journal, January 15, 2016) criticized her foray into energy and energy policy:
Ms. Mayer might herself benefit from an economics course. She writes that Richard Nixon imposed economic controls on oil and gas in 1971 to “address the energy crisis.” The Nixon price controls helped to cause the energy crisis.
Intrigued, I bought Dark Money to see exactly what she said. Here is the passage from Mayer (p. 91) referenced by Melloan:
… Continue ReadingThe fossil fuel industry’s fondest wishes were also fulfilled.
Wind Power Destruction in New York State: ‘Clean’ Power Plan Problem
By Mary Kay Barton -- November 11, 2015 29 Comments“One of the great mistakes is to judge policies and programs by their intentions rather than their results.”
New York State Attorney General, Eric Schneiderman, claims that President Obama’s so-called Clean Power Plan is making a difference here in New York State. It certainly is, but negatively so!
Rural communities in New York State, and across the country, are being ecologically compromised by politicians, such as New York’s Schneiderman and Governor Andrew Cuomo, who continue to push industrial wind energy as a fantasy-cure for the alleged problem of climate change.
Trillions of dollars have been spent on ‘renewables’ worldwide, yet carbon dioxide has not been significantly reduced, while rural America is paying the ultimate price. Our countrysides, wildlife, and Constitutional private property rights are being sacrificed on the altar of “green” energy … for no net benefit.…
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