Prices are skyrocketing partly due to ethanol mandates. If I were the Koch brothers, I’d buy a Superbowl ad to make that point.
[Update a couple minutes later]
One of the commenters points out that we need to get rid of the sugar tariffs, too. Good point.
My story on last week’s press conference is up now at PJMedia.
No, AP, it’s not the technology, stupid:
Technological innovation has always eliminated jobs, a fact for which we should be thankful: our ancestors were brick-makers, arrow fletchers and animal skinners. It has also created wealth, and that wealth has been invested in new ventures, using new technologies, that have created new jobs. This has been true for thousands of years. So what has seemingly changed so suddenly? It seems obvious that in the U.S., the game-changer is metastasizing government spending, much of it wasteful, combined with trillions of dollars in government borrowing and oppressive regulation, which together have suppressed the wealth creation and investment that normally would have created millions of new jobs, along with trillions in new economic output.
In other words, the current recovery is uniquely awful because we have never before had such a left-wing federal government.
Or as large a one.
How they’re creating a new industrial revolution.
How can you do it when they can be printed?
…has been delayed again:
It’s not clear yet how much oil is recoverable, but even at the low end the field would include as much shale oil as America’s Bakken formation, which has helped transform U.S. energy production and the global energy landscape. If higher estimates prove more accurate, Australia could join the U.S. as one of the world’s top oil producers.
Good news for the world. Bad news for OPEC (and those who want to fund Islamism). And for global-warming hysterics.
To the disappointment of thousands who signed the petition, the Obama administration recently informed us that it has, and will have no plans to build a Star-Wars-style death star. Now, there may indeed be good reasons to forgo this addition to the nation’s defense, but the first one listed, that it would cost 850 quadrillion dollars, was based on an extremely flawed estimate. Which isn’t surprising, because among the people doing the estimating, only one has any experience in aerospace engineering (and probably none in costing of such projects). Continue reading How Much Would A Death Star Really Cost?
The idea that you’re “alone” unless you’re being directed by the government strikes me as dehumanizing and almost abusive. So I resist this scare tactic of presenting the government as the alternative to being “alone.”
Actually, fallacy is too kind a word for it. It’s a false-choice straw man, and a lie.