YOUR GOVERNMENT WOULD NEVER LIE TO YOU
1. In the end, the call for a systemic-risk regulator is yet another futile expression of faith in the power of government to outthink the markets. It is another foolish bet on bureaucrats and politicians in a tightly regulated economy being more likely to bring prosperity than free businessmen, investors and consumers in a free market. It is the biggest sucker bet in history: a bet on tyranny over liberty.
2. AND THE HOAX CONTINUES: As candidate and president, on eight separate occasions Barack Obama instructed Americans to “think about what’s happening in countries like Spain [and] Germany” if they wanted to know what successful “green jobs” policies look like, and if they wanted to know what we should expect here in the U.S. from his agenda.
Some European economists took a look. In March, a research team from Madrid’s King Juan Carlos University produced a detailed, substantive, heavily sourced, two-method paper: “Study of the Effects on Employment of Public Aid to Renewable Energy Sources.” The paper concluded that Spain’s “green jobs” program was an economic failure, in fact costing Spain many jobs.
The president of Spain’s renewable energy association — along with a Communist Party affiliated trade federation — decried the paper’s lead author as being unpatriotic.
The former wrote in Spain’s leading paper, El Mundo, slamming the research paper. However, he did not critique the paper itself — he agreed with its conclusion. He was furious only that the study was publicized. By revealing the truth about Spain’s increasingly mythologized “green jobs” and renewable energy experience, the revealed study threatened the prospects for Spain’s companies to be bailed out by the U.S. repeating these mistakes.
Incidentally, this became a common refrain. After the Spanish study embarrassed the White House, prompting substantial media attention and even questioning at a press conference, Obama swapped out Denmark for Spain for later references to an enacted “green jobs” program.
Soon, Denmark produced a study (“Wind Energy: The Case of Denmark“) through the think-tank CEPOS. This paper also revealed tremendous costs, and that Obama’s claim about Denmark’s “renewables” experience was also steeped in mythology.
The response from windmill advocates in Denmark was similar: such studies threaten Danish industry by reducing the chances that the U.S. will serve as the hoped-for massive new market to make inefficient energy sources profitable for their foreign manufacturers (Danish Radio TV News, Thursday, February 25, 2010).
1. In the end, the call for a systemic-risk regulator is yet another futile expression of faith in the power of government to outthink the markets. It is another foolish bet on bureaucrats and politicians in a tightly regulated economy being more likely to bring prosperity than free businessmen, investors and consumers in a free market. It is the biggest sucker bet in history: a bet on tyranny over liberty.
2. AND THE HOAX CONTINUES: As candidate and president, on eight separate occasions Barack Obama instructed Americans to “think about what’s happening in countries like Spain [and] Germany” if they wanted to know what successful “green jobs” policies look like, and if they wanted to know what we should expect here in the U.S. from his agenda.
Some European economists took a look. In March, a research team from Madrid’s King Juan Carlos University produced a detailed, substantive, heavily sourced, two-method paper: “Study of the Effects on Employment of Public Aid to Renewable Energy Sources.” The paper concluded that Spain’s “green jobs” program was an economic failure, in fact costing Spain many jobs.
The president of Spain’s renewable energy association — along with a Communist Party affiliated trade federation — decried the paper’s lead author as being unpatriotic.
The former wrote in Spain’s leading paper, El Mundo, slamming the research paper. However, he did not critique the paper itself — he agreed with its conclusion. He was furious only that the study was publicized. By revealing the truth about Spain’s increasingly mythologized “green jobs” and renewable energy experience, the revealed study threatened the prospects for Spain’s companies to be bailed out by the U.S. repeating these mistakes.
Incidentally, this became a common refrain. After the Spanish study embarrassed the White House, prompting substantial media attention and even questioning at a press conference, Obama swapped out Denmark for Spain for later references to an enacted “green jobs” program.
Soon, Denmark produced a study (“Wind Energy: The Case of Denmark“) through the think-tank CEPOS. This paper also revealed tremendous costs, and that Obama’s claim about Denmark’s “renewables” experience was also steeped in mythology.
The response from windmill advocates in Denmark was similar: such studies threaten Danish industry by reducing the chances that the U.S. will serve as the hoped-for massive new market to make inefficient energy sources profitable for their foreign manufacturers (Danish Radio TV News, Thursday, February 25, 2010).
posted by CAROLYN at 3:53 PM
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