“We created a way of raising standards of living that we can’t possibly pass on to our children. It has to collapse, unless adults stand up and say, ‘This is a Ponzi scheme. We have not generated real wealth, and we are destroying a livable climate.’”

– Joe Romm, quoted in Thomas Friedman, Is the Inflection Point Near?, New York Times, March 7, 2009.

“Is there any more single-minded, simple pleasure than viewing with alarm? At times it is even better than sex.”

—Kenneth Boulding (1970), p. 160. [1]

Are free-market optimists the dumb ones who jump off tall buildings and report that everything is fine, even breezy, on the way down? Or are those who fear, rant, and make this analogy bungee-jumping with reality?

The optimists have been jumping off buildings ever since Robert Thomas Malthus’s An Essay on Population was published in 1798–and not hitting the ground.…

[Note this post is the most popular article ever published on Master Resource. It has been now been significantly updated. Go here to see the current version.]

Trying to pin down the arguments of wind promoters is a bit like trying to grab a greased balloon. Just when you think you’ve got a handle, it morphs into a different shape and escapes your grasp. Let’s take a quick highlight review of how things have evolved with wind merchandising.

1 – Wind energy was abandoned well over a hundred years ago, as even in the late 1800s it was totally inconsistent with our burgeoning, more modern needs for power. When we throw the switch, we expect that the lights will go on – 100% of the time. It’s not possible for wind energy, by itself, to EVER do this, which is one of the main reasons it was relegated to the dust bin of antiquated technologies (along with such other inadequate energy sources as horse and oxen power).…

[Ed. note: An important front in the energy-policy debate concerns the moral case for rich, dense, plentiful, reliable energy that is handmaiden to industrial society. In addition to the post below, see the contributions of Alex Epstein at this site.]

The duplicity and hypocrisy of environmental pressure groups seem to be matched only by their consummate skill at manipulating public opinion, amassing political power, securing taxpayer-funded government grants, and persuading people to send them money and invest in “ethical” stock funds.

In the annals of “green” campaigns, those against biotechnology, DDT and Alar are especially prominent. To those we should now add the well-orchestrated campaigns against Canadian oil sands and the Keystone XL Pipeline.

Background

Oil has been seeping out of Northern Alberta soils and river banks for millennia.…

Seven score and nine years ago, President Lincoln spoke about government of the people, by the people, and for the people.  Yet, today, our lives are determined not so much by We the People, as by a distant central government, particularly increasingly powerful, unelected and unaccountable executive-branch agencies.

Consider the U.S. Environmental Protection Agency (EPA), arguably the most intrusive administrative agency of all. Under Administrator Lisa Jackson, we have, at best, government of, by, and for some people. Or in the words of one public-choice economist, a government “of the Busy (political activists), by the Bossy (government managers), for the Bully (lobbying activists).” [1]

Secretary Jackson seeks not merely to regulate, but to legislate; not merely to protect our health and environment against every conceivable risk, but to control every facet of our economy, livelihoods and lives.…