A Free-Market Energy Blog


Posts from December 0

Exhausting the Reserve Fund: The Big Picture of the Limits to Big Government (Part I)

By Richard Ebeling -- July 18, 2011

[Editor Note: Obama’s transformationist energy policy, enabled by taxpayer largesse, is being whipsawed by the federal deficit crisis. And the energy/environmental statists are running scared. “[Obama] has bought into and reinforced the GOP narrative that debt and spending concerns reign supreme,’ lamented Joe Romm at Climate Progress, “which will undermine short-term and long-term efforts to create jobs or promote clean energy or reduce oil dependence or cut carbon pollution.”

Today and tomorrow, economist Richard Ebeling outlines the macro crisis. On Wednesday, Lisa Linowes of Wind Action makes a case for ending all energy subsidies as a contribution toward fiscal reform.]

The economic crisis through which the United States and much of the rest of the world are now passing is not another supposed instance of the “failure” of unrestrained capitalism.