Year: 2008

Gang Green

But now the environmental movement has morphed into the most authoritarian philosophy in America. The most glaring example of course is the multitrillion-dollar cap-and-trade anti-global warming scheme that would mandate an entire restructuring of our industrial economy. The latest rage among the more radical environmental groups is to encourage the government to monitor and ration every individual’s carbon footprint — how much you eat, drive, fly, heat, air condition, throw away and so on.

Double-Bubble, and Oil, and Trouble

If there is anything to be learned from the recent string of bubbles, it may be that surplus investment capital, now floating round the world in cyberspace, is always looking for a speculative home and that as one bubble bursts, the fund managers desperately seek out a replacement. Will we see a gathering flock to carbon trading, windmills, biofuels and other renewables driven largely by the legislators?

Featured News

Why Cash Is Still King in Switzerland

When I audited an economics class in the Rice University School of Business, the lecturer compared inflation to slow-growing cancer and deflation to a heart attack. The implication was that deflation, which is the declining prices, is fatal and worse than inflation....