Category Archives: Economics

On Conservative Skepticism Of Climate Policy

I’m pretty much on the same page as Jonathan Adler:

Hendricks’ effort to scare conservatives into supporting big government now to avoid bigger government later rings particularly hollow. Why is it that everything requires bigger government? Climate change is a threat? Extend government tentacles throughout the economy. Climate change is already happening? Ditto. Adaptation is necessary? More of the same. Were climate change not happening at all, I suspect Hendricks would still endorse a substantial expansion in government power.

Admittedly some on the right are equally reflexive, assert government is never the answer, and go to lengths to deny climate change poses any threat whatsoever. Yet there are also plenty of conservatives and libertarians who are deeply skeptical of government intervention, but are nonetheless willing to believe global warming might be a problem. It’s perfectly reasonable to believe that reducing greenhouse gas emissions does not require the enactment of monstrous, pork-laden, regulatory statutes like Waxman-Markey. And it’s not at all clear that climate adaptation necessitates a massive expansion of government power. In many areas, such as water, climate adaptation requires more reliance on markets, not less. Climatopolis author Matthew Kahn also blogged here about how successful climate adaptation will be driven by market forces, not government planners.

I share Hendricks’ and Farber’s frustration that more conservatives don’t take climate change or other environmental concerns seriously. But I also believe some of this is the environmentalist movement’s own doing. If everything calls for the same big government solution, why does it matter what the problem is?

Concern about the environment has always been hijacked by socialists, going all the way back to the early “progressive” movement, and the trend just got worse with the end of the Cold War, and socialism discredited, after which they changed brands and became watermelons. Policy has to be based on a rational calculation of the costs and benefits, rather than simply using every perceived crisis as an excuse for further accumulation of government power.

California

…the Lindsay Lohan of states. One of the many good things about Tuesday’s result is that there is now no prospect for the state to be bailed out by the federal taxpayers. The moronic electorate here is about to have a hard collision with reality.

[Update early afternoon]

What happens when a state goes bankrupt? I guess we’re going to find out, because California (and other states, such as Illinois) are essentially already there.

I Don’t Want A Government That Is “Pro Business”

I want one that is for the free market.

Yes, I know that I’ve been complaining that the administration has been anti-business, and it has been, particularly with all of the uncertainty that it’s engendered, with businesspeople not knowing what new atrocity and attack on profits it’s going to commit. But that doesn’t mean that I want it to be subsidizing politically favored business (including energy businesses, of all flavors) either.

Thoughts On Facts And Science

…from an unwashed hillbilly:

Those words mean two things to this unwashed hillbilly: (1) I have doubts that Obama is “the smartest guy ever to become President,” and (2) he lies.

When Obama was trying to sell the plan, he said it would bring the cost curve down. Once his plan was signed into law, he said he knew that it was “going to increase our costs.” At least that sure looks like a lie to this ignorant know-nothing. Maybe there’s some nuance I don’t understand. Or does “down” mean “up” in actuarial science? Maybe Katie Couric could enlighten me; she knows pretty much everything about climate science.

I guess I’m an unwashed hillbilly, too.

California, Too Far Gone

We seem to have reached a tipping point here. Too many Californians think that they can have both lunatic environmental and economic policies, and a viable economy. Almost every initiative went the wrong way, as did the gubernatorial and senatorial elections, though the former was partly a result of an awful Republican candidate — Jerry Brown might have been beatable by Chuck DeVore.

It’s a positive feedback situation with increasingly negative results. The economic ignorami in the electorate vote for idiotic propositions, and send economic ignorami to Sacramento in the legislature and governor’s mansion, resulting in flight by the sensible, continuing to distill and concentrate the idiocy in the electorate. It will end in bankruptcy (the state is basically already there), and then they’ll demand a bailout from the rest of the country. Fortunately, with the new Congress, they won’t get it. But I don’t know if the state is salvageable at this point. It’s some of the best real estate on earth, but its current inhabitants don’t deserve it, and have squandered a great legacy.

It’s an opportunity for other states to poach a lot of space companies, I think.

[Update early afternoon]

California, winner of the Dumbest State Award, by a landslide.

LEO Game Changers

Joe Carroll is giving a talk on some long-shot “wild cards” that could have a high payoff. One of them is aerosnatch of first stages, which could simplify launch system design by eliminating the need for flyback, and has such a high payoff in performance, that he suggests we understand it better before making any decisions on heavy-lift design, because it may set an upper limit on economical launch vehicle size.

Another is recycling aluminum on orbit, as a first step toward processing true extraterrestrial materials. He points out the bizarre (and typical of a government) situation in which everyone agrees that orbital debris is a problem, but there is no budget for it anywhere in the federal government. Also discussing slings and elevators, propounding the advantages of the former over the latter. For people to an from LEO, elevators, but for a lot of payload beyond, slings are the way to go. Makes an analogy of going from ships to railroads. Rockets are the ships, slings are the railroads (the latter requires an up-front infrastructure, and is limited in destination, but very efficient once in place). Thinks that the first sling will be at 51.6 inclination, second at zero.