Category Archives: Economics

California’s Social Priorities

…are pretty screwed up:

California continues to lead the country, and by some measures even the world, in environmental quality and climate change initiatives. But public policy must evolve to leverage these environmental achievements into corresponding improvements in educational attainment and middle class job creation. With more than 18% of the nation’s poor, and less than 1%3 of global greenhouse gas emissions, California should also embrace the challenge of leading the world in the creation of middle class manufacturing jobs for the rapidly evolving clean and green technology that California’s laws mandate, California’s educational and technology sectors invent, and California’s venture capital investors bring to the global market.

Instead, California’s policies, and regulatory and legal costs and uncertainties, tend to divert thousands of middle class jobs even in emerging green industries (including those not requiring high school diplomas) to other locations, including the Tesla battery manufacturing facility, which moved to Nevada. The loss of projects that help achieve important environmental objectives, create high quality jobs, and comply with California’s strict environmental and public health protection mandates, continues to occur in part because well-funded special interest groups ranging from business competitors to labor unions file “environmental” lawsuits as leverage for achieving narrow political or pecuniary objectives rather than to protect the environment and public health. This study suggests that the state must work much harder to ensure that California’s landmark environmental laws are not misused or pursued in a manner that adversely affects other, equally important policy priorities for California’s large undereducated and underemployed population.

The idiotic carbon law is going to do huge harm to the economy and the middle class, while doing nothing about “climate change.”

[Monday-morning update]

A tale of four droughts. All true, but, as Paul Dietz notes in comments, the biggest problem is that there is no rational water market in the state.

[Bumped]

California’s Water

There’s one year left, if we don’t get a wet winter.

A sane electorate would start fracking the hell out of the Monterey Shale, opening up wells of shore, and use the energy to run desalinization plants, instead of wrecking the state economy with carbon mitigation that will have zero effect on the climate, and building high-speed rail.

So we won’t be doing that. Not yet, anyway.

How To Boil A Journalist

Some thoughts on the evolving “consensus” on climate science:

…there never has been a “crunch point” forcing journalists to re-examine the issue. Instead they have just kept the same ridiculous views for over a decade even though no sane journalist coming to the subject of “global warming” after 18 years of pause, complete failure of climate models, global ice back at normal levels, no increase in climate extremes, a decrease in hurricanes and children still knowing what snow is … no journalist would swallow this non-science about doomsday warming in the face of NO EVIDENCE to support it. (Rookies might be more sceptical, but they probably quickly get indoctrinated into the journalists alarmists views)

They don’t ever look at global warming afresh. They just keep believing the same non-science they have for over a decade despite the overwhelming evidence against their insane views.

The fever (to borrow a metaphor from the alarmist-in-chief) will have to break at some point.

[Update a while later]

Naomi Klein showcases everything that is wrong with climate alarmism.

Iowa And Ethanol

Straight talk from Ted Cruz.

To me, ethanol epitomizes the dysfunction of our national politics. It’s an awful policy, raising the price of both fuel and food, which hits the poor hardest, while damaging engines and stealing from the taxpayer. Everyone knows it but, because, by historical circumstance, Iowa is so politically prominent in presidential politics, too few are willing to say it (I’ll grant that Huckabee and Santorum may actually be economically ignorant enough to think it’s a good idea). So good for Cruz.

I wonder if there’s any possibility of a class-action suit against it, from both fuel consumers and food consumers? If not, there should be. It could fix a lot of awful welth-transfer laws.

The Delay In Spaceport Brownsville

Joe Pappalardo has the story. I wonder how much of it is due to environmental impact assessment, and if so, if it would be as hard if they were doing an airport instead? Back in 2004, we tried to extend the categorical exception that the aviation industry gets from the National Environmental Protection Act to space transportation, but the result was weak tea, leaving waivers up the discretion of the head of the EPA. Something I’d like to see in an amended version of the Commercial Space Launch Act would be to make it a clean extension, with no discretion from Gina (or any future administrator). It would be interesting to see if that made it veto bait for Obama, though.