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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
AI and the Future of Society and Economy
Large language and generative AI models like ChatGPT are the equivalent of the first automobiles: fun to play with, somewhat unreliable, and maybe a little dangerous. But over time, the lesson for will be clear: Who Learns Fastest, Wins.
Automated Detection of Emotion in Central Bank Communication: A Warning
Can LLMs help us better understand the role of emotion in central bank communication?
How We Built the Arsenal of Democracy
By unleashing the energy, creativity, and drive of the private sector to rebuild our defense-industrial base, we can trigger a tech-industrial revival of the American economy.
The $130 Billion Train That Couldn’t
California’s High Speed Rail is only the latest blue-state infrastructure failure.
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The Fictions Holding Down the Economy
When crises from statist economic policies happen, “the actions that are taken depend on the ideas that are lying around.”
The Fed Has Gone Adrift—It’s Time to End The Bureaucratic Mission Creep
The Federal Reserve must do less—and do it better.
