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Cato Scholar Comments on New Energy Bill
Cato Institute ^ | December 19, 2007 | Jerry Taylor

Posted on 12/19/2007 10:12:53 AM PST by Tolerance Sucks Rocks

The energy bill to be signed by the president today is arguably the worst piece of energy legislation ever enacted into law. It will substantially increase the price of automobiles, increase highway fatalities, increase fuel prices, worsen air pollution, and force consumers to buy products (like super-efficient light bulbs) that they manifestly -- and for very good reason -- do not want to buy. It will transfer huge amounts of wealth from the consumer to the farm lobby in the course of promoting a dubious product -- ethanol -- that will make energy supplies less reliable and greenhouse gas emission higher than necessary.


TOPICS: Business/Economy; Culture/Society; Government; News/Current Events
KEYWORDS: 110th; airpollution; automobiles; cafe; cato; cfls; climatechange; congress; consumers; energy; energybill; energysupplies; ethanol; farmers; fuelprices; globalwarming; greenhousegases; highwayfatalities; nannystate; presidentbush; rentseekers; wealthtransfers
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To: Tom the Redhunter

I’m not so sure that the details of this legislation are the right way to go, but I absolutely disagee with the assertion that we don’t need to do anything to reduce our petroleum consumption”

People don’t understand how free market capitalism works so well and that ANY government interference has only negative consequences. For example because the liberal media says that “WE” need to reduce our oil consumption now the government has mandated ridiculously high mileage standards for car makers.

Just a few unintended , unforseen ,consequences that an average individual like me sees is that muscle cars and full-size pickups will be banned because they can never get to 35 mpg in that short of a time. Maybe others haven’t noticed but i have that full-size pickups do a lot of the hauling and transporting of goods, materials and equipment for businesses. the AC repair man that fixed my AC works out of an F250 ford pick up. The locksmith that fixed my mailbox out of a van and so on. banning these trucks will destroy our economy. but government planner idiots didn’t see this because government planning never works as just this example shows.

People think it’s just easy to manufacture something like a cell phone or a laptop computer? You don’t know how many millions of people had a hand in designing, planning, managing, transporting , manufacturing, marketing that laptop . But all this works in businesses perfectly without any government planning. you stick a government plan into this complex process that no one individual can never have the knowledge to implement it and you will have serious problems.


141 posted on 12/24/2007 7:59:29 PM PST by Democrat_media (Democrats are communists/Socialists.Socialism is an economic disaster.)
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To: Beowulf; Defendingliberty; WL-law; Normandy

~~Anthropogenic Global Warming ™ ping~~


142 posted on 01/01/2008 12:02:17 PM PST by steelyourfaith
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To: Democrat_media

The market will determine winners and losers by the collection of individual choices of consumers and producers.”

Many people don’t know that or even understand it.

The economy is an extremely complex machine , much too complex ,for any central government idiot planner to know how to run.

bump


143 posted on 03/19/2008 12:15:50 PM PDT by Democrat_media (Socialism will destroy a country economically. why dems & Mccain for Socialism?)
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