Economist Ben Zycher reveals the “perversities, problematic assumptions, and wasteful outcomes made inevitable by the contradictions and incoherence of the Biden leasing policy.” Biden just announced a policy of allowing new leases but charging higher royalty rates. Here’s a summary of Zycher’s observations about this policy: The Biden administration will start leasing on 80 percent…
Tag: Biden administration
‘Temporary Chaos’ as Judge Rejects Biden’s Social Cost of Carbon
Update: On March 16, the Fifth Circuit Court of Appeals (in New Orleans) reversed the district court’s ruling. That means the chaos was just temporary. It’s back to $51 as the “social cost of carbon” (explained below). In February a Louisiana court rejected the Biden administration’s $51-per-ton estimate of the “social cost of carbon” (really,…
Biden’s Plan for EV-Charging Stations: Not as Attractive as It Seems
The Biden administration plans to build 500,000 charging stations for electrical vehicles as part of the recently passed infrastructure act at a price of $7.5 billion. “This investment represents the latest iteration of a proposal that started out with a budget of $15 billion for the same number of chargers, writes Neel Dhanesha on Vox….
More Voices Speak Out Against Climate Panic
Now that the Biden administration calls climate change an “existential crisis,” and the UN Secretary-General warns that the world has reached a “tipping point on the need for climate action,” more temperate voices are beginning to speak up. People known for their expertise in economics are puncturing glib statements by politicians and the media. They…
Only Union Shops, Please . . . for Electric Vehicles?
The Biden administration is counting on most electric cars being made in union shops, says Bruce Yandle in RealClearEnergy. That is the case even though the best-known EV maker is, of course, non-unionized Tesla. Yandle, a distinguished adjunct professor at the Mercatus Center, says: “Top leaders from Ford, GM, and Stellantis (formerly Fiat-Chrysler), along with…
Green Jobs a Far Cry from ‘Good, High-Wage Jobs’
‘Green jobs’ are not what the Biden administration is claiming they are, says Noam Scheiber in the New York Times. “The Green New Deal, first introduced in 2019, sought to ‘create millions of good, high-wage jobs.’” President Biden repeated the promise in March, says Sheiber.. “’My American Jobs Plan will put hundreds of thousands of…