Category Archives: Economics

Climate Change

A terrifying new book:

The fact that the media and popular culture and academia have veered from one panic-inducing disaster scenario to another one which completely contradicts the first one is funny enough in its own right. But reading The Weather Conspiracy: The Coming of the New Ice Age opened my eyes to an even more significant aspect of this serial crisis-mongering:

The “solutions” prescribed to solve both Global Warming and the looming Ice Age are exactly the same.

In both cases, proponents of the theory-du-jour say that in order to stave off disaster, we must reverse the march of civilization, stop our profligate use of carbon-based fuels, cede power and money from the First World to the Third World, and wherever possible revert to a Luddite pre-industrial lifestyle.

Gee, it’s almost like there’s a political agenda behind this stuff.

It’s The Way Our Fathers Did It

So obviously, it’s the only way that it can be done:

All planning must be timid and scoped to be within the limited capabilities of what was done by past over-priced government projects. If I bought a Ford Pinto, I cannot buy a new car next time. I have to plan on car trips with the assumption that I must always own a lemon.

Quoting Homer Simpson (and apparently Lawrence Krauss)
“You tried your best and failed miserably. The lesson is: never try.”

Trying to change this mindset is a never-ending battle.

The “Stimulus”

How it failed.

[Monday morning update]

How Big Government screwed up the Big Spend:

Biden said the stimulus would “literally drop kick us out of the recession.” But Grabell concludes that “the stimulus ultimately failed to do what America expected it to do — bring about a strong, sustainable recovery. The drop kick was shanked.”

And that’s about what you might expect from a White House run by brilliant theoreticians with no one around to do a reality check. Let’s contrast Team Obama with Team Reagan. The Gipper’s cabinet had Donald Regan, former CEO of Merrill Lynch; George Schultz, former president of engineering firm Bechtel; Caspar Weinberger, also of Bechtel; Malcolm Baldridge, CEO of manufacturer Scovill. And, of course, there was Reagan himself, the former two-term governor of America’s most populous state.

It’s depressing.

[Bumped]