The Political Economy Research Institute (PERI) recently put out a study called “Green Prosperity” with the subtitle: “How Clean-Energy Policies Can Fight Poverty and Raise Living Standards in the United States.” I have posted a full critique for the Institute for Energy Reserach, which I summarize here.
Helping Business By Crippling It?
The PERI study makes this bold claim:
The building of a clean-energy economy in the United States can also serve another purpose: to create new ‘pathways out of poverty’ for the 78 million people in this country (roughly 25 percent of the population) who are presently poor or near-poor, and raise living standards more generally for low-income people in the United States. (p. 2)
This is nonsense. You don’t make a country richer by taking away options from businesses.…