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The High Cost of California’s Green Energy Policies
California can only prosper if it can develop affordable, reliable energy from all sources, including the state’s fossil fuel supplies.
Since the early 2000s, governors and legislators from both parties have signed onto a climate agenda in California that is making energy steadily unaffordable.
Gasoline in California, according to AAA, which tracks national gas prices daily, costs an average of about $4.78, compared with $3.16 nationally. The cost of electricity in the state is now the highest in the continental U.S., at 30.22 cents per kilowatt hour.
You might want to blame the discrepancies on greed — Big Oil practicing price gouging, as Gov. Gavin Newsom has suggested, and utilities lining their shareholders’ pockets. But at the pump and on your light and power bill, California’s high energy prices are better understood as a self-inflicted wound, traceable to the state’s quixotic green energy policy.
Economic Dynamism
The Causal Effect of News on Inflation Expectations
This paper studies the response of household inflation expectations to television news coverage of inflation.
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The Rise of Inflation Targeting
This paper discusses the interactions between politics and economic ideas leading to the adoption of inflation targeting in the United States.
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The Revenge of the Supply-Siders
Trump would do well to heed his supply-side advisers again and avoid the populist Keynesian shortcuts of stimulus checks or easy money.
U.S. Can’t Cave to Europe’s Anti-Growth Agenda
One does not have to support protectionist tariffs or protracted trade wars to see why Washington needs to continue using trade to pressure Eurocrats to give up micromanaging tech platforms and supply chains around the world.
