Correcting Krugman on Climate
Partisans on both sides of the debate concede that if the United States imposes unilateral emission cuts, there will be a negligible effect on global temperatures.
Partisans on both sides of the debate concede that if the United States imposes unilateral emission cuts, there will be a negligible effect on global temperatures.
The idea that experts can do a better job of directing the use of resources, including gasoline, than can markets and market prices derives from the faulty assumption that experts know more than the whole of society.
Nothing is easier than to think of things that would require the performance of virtually unlimited labor in order to accomplish virtually zero result. Such is the nature of all job-creation programs.
Today is Earth day, and a week ago we “celebrated” tax day.
Ultimately, then, the effects of Earth Hour boil down to dim rhetoric. Maybe as much attention should be placed on humanity's hot air footprint as its carbon one.
"If carbon dioxide is classified as a pollutant, then every breath we take can be regulated by government." That sums it up perfectly.
This audio version of the Mises.org Daily Article was read by Dr. Floy Lilley.
So long as governments remain under the sway of environmentalist philosophy and arrogate massive tracts of land to their own inept control, no amount of legal tinkering will prevent the next bushfire.
All of these things deny the true desires of people — as revealed in market prices — and substitute the opinions of the elite and politically-powerful for the true desires of people.