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  • What Happens When Economists Skip Econ 101

    Suppose the government forces a company to take all the money it would have paid person A and use it to hire person B instead. How many jobs have been created? If you said, “One direct job, one indirect job, and a number of uncounted induced jobs,” call the University … More

    Egypt and Renewable Energy

    Aiding and abetting the solar and wind energy industries in their continuing efforts to mislead the American people, Energy Secretary Steven Chu called for a shift to renewable energy to insulate us from petroleum price spikes. Recent events in Egypt are partially responsible for a recent jump in oil prices, … More

    EPA Can’t Regulate Volcanoes or China

    An ongoing study in Yellowstone National Park seeks to measure the emissions of carbon dioxide (CO2) as a response to geologic activity and as a possible predictor of some geologic events. A story covering this study notes that researchers estimate that Yellowstone emits 45,000 tons of CO2 per day. That … More

    Caulk the Leaks in Weatherization Spending

    The Obama Administration’s original stimulus package includes $5 billion for a weatherization program (an early version of cash for caulkers). Perhaps because it involves spending huge sums of money, the Administration seems quite proud of the policy. Energy Secretary Steven Chu called it “one of our signature programs.” In this … More

    Robust Economy Needs Affordable Energy

    Proposition 23 seeks to put some of California’s more egregious energy regulations on hold—at least until the California economy recovers. Current law will force consumers to switch to energy sources that can be four or more times as expensive as conventional energy, driving energy prices up, employers out, and consumers … More

    EPA v. Markets, Yet Again

    A common promise among politicians is to “run the government more like a business.” The Obama Administration seems to have promised to have “government run more businesses.” The latest in the line of government takeovers and mandates is the proposal to subject heavy-duty trucks to fuel-efficiency regulations. These efficiency mandates … More

    Claim Check Needs to Do Fact Checks

    Claim Check, which supposedly fact checks public statements, employs the different-must-be-wrong-theory in dismissing a Heritage analysis because it is an “outlier.” It seems that many forecasters in Washington are more afraid of being alone than they are of being wrong. That is, they would rather be wrong with everybody else … More

    Lame Policy for Lame Duck

    It seems that many in Washington had their books upside down when they studied economics. In the midst of a serious recession, they are proposing to jack up income tax rates, which would add hundreds of thousands to the already sky-high unemployment rolls. Now we hear that the Senate is … More

    Gulf Job-Losses Hocus-Pocus

    The Obama administration recently issued an inter-agency report on the employment effects of its deep-water drilling moratorium. The Administration finds employment effects that are roughly half of those from a variety of other estimates. However: If the Administration were consistent in its logic, its job-loss estimates would double or quadruple … More

    The Clean Energy Future Looks Dim for Light Bulb Workers

    The Energy Independence and Security Act (EISA) of 2007 set lighting requirements that, in essence, outlaw the familiar incandescent light bulb. The impact of lighting mandates on energy security is minuscule, since electricity comes almost entirely from secure domestic sources, such as coal. (Petroleum generates about 1 percent of domestic … More