BPF researches and shares educational information encouraging Mississippi’s Economic Freedom while discouraging Crony Capitalism to increase Mississippi’s Economic Growth. BPF focuses on Constitutional Foundations, Education, Energy, Environment, Health Care, Federal Government & Agencies, Mississippi State Government & Agencies and Regulatory Abuses & Reforms.
Expensive Electricity and Blackouts
What raises electric rates and causes blackouts? Too many windmills and solar panels. What causes too many windmills and solar panels? Federal subsidies. What’s the latest and biggest perverse federal subsidy? The “Inflation Reduction Act.”
Poof Goes the Big Bond Bubble
Jim Grant, noted market historian and publisher of “Grant’s Interest Rate Observer,” has gone so far as to say that 2022 will be the worst year for bonds in the history of the English-speaking people. That is a long time – around 1500 years!
Where the Smart Money Goes
Capital goes where it’s welcome and stays where it’s appreciated. The CEO of Steel Dynamics said: “We are eager to expand our presence in Columbus, and we appreciate the warm welcome and support that we have received from Governor Tate Reeves and Mississippi.”
Cashier in the Coal Mine
Coal is still the primary fuel used for generating electricity worldwide with a market share of 36.7%. In the U.S., coal’s share is 21.8%, which ranks second to natural gas at 38.3%.
Energy Reality vs. Wishful Thinking
In reality, electricity from solar and wind (renewable energy) can supplement energy from fossil fuels (oil, natural gas, coal). But thinking it can replace fossil fuels is wishful thinking. Why? Because renewables are intermittent (sporadic). Solar panels generate electricity about 30% of the time on average. But they may not generate any electricity for days. Same for windmills.
Victory in Round 1 of CON Case
Judge Reeve’s order comments, “Taken as true, as the Court must, the allegations reveal that CON laws result in more costly, less accessible, and worse quality health care. What’s more, plaintiff claims that the basis for CON laws and the moratoria is pure economic protectionism—an illegitimate government interest.”