Power plants and prudent public policy

A look at the cost of different types of new power plants from the Institute for Energy Research, based on U.S. Energy Information Administration data, reveals two factors for public officials to keep in mind when deciding what kind of plants to build. A look at the cost of different types of new power plants […]

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Is green energy catching an unfair break?

An interesting comparison of an offshore North Carolina natural gas development, the Manteo Prospect, to the energy equivalent of a proposed offshore wind farm project in Nantucket Sound, Massachusetts called Cape Wind. Here’s a rather interesting comparison of an offshore North Carolina natural gas development, the Manteo Prospect, to the energy equivalent of a proposed […]

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The Problem with Cronyism

“Those who can afford political influence get the benefits and those who cannot afford it suffer the consequences.” “Politicians gain from the contributions they receive from big business. And big business gains from the favors it receives from government. Sure, those favors have a cost. Because government has the power of coercion, it can force […]

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Solyndra: Another Reminder

Solyndra update: “Estimates are $24 million of a $527 million government loan will be repaid, and that’s not a sure thing.” Of the half a billion dollars U.S. taxpayers loaned to Solyndra, it looks like we might get back $24 million. You’re right, that’s not good: Failed solar power equipment maker Solyndra LLC has sketched […]

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Moral Markets vs. Cronyism

“The link between economic liberty and public morality is not tenuous; it is clear and direct. Economic liberty exists where private property and the rule of law are respected.” In his book Defending the Free Market: The Moral Case for a Free Economy, Robert Sirico makes the cogent point that liberty cannot stand on its own; […]

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Calvin Coolidge on Taxes and Spending

“I want the people of America to be able to work less for the government, and more for themselves. I want them to have the rewards of their own industry. This is the chief meaning of freedom.” – Calvin Coolidge Here’s an old-school, presidential speech on taxes and spending by President Calvin Coolidge: One gem: […]

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