Since Adam’s Smith’s famous metaphor of the “Invisible Hand,” economists in the classical liberal tradition have known that decentralized, competitive capitalism harnesses the self-interest of ambitious and talented individuals. Rather than using their powers to dominate others, extraordinary individuals in a free-market setting stay up worrying at
Tag Energy policy
Oil Policy Hypocrisy
In what can only be called hypocrisy a Democratic controlled Senate committee last week passed legislation that would attempt to allow lawsuits in U.S. courts against any foreign state or cooperative for limiting the production of oil or natural gas. The bill, nicknamed “NOPEC ,” targets the Organization of … Read the rest
Round, Black and Full of Air
I bet you thought I was going to say Obama right? Well actually in a way I am going to say Obama. But I am referring to his energy policy which this highly educated presidential hopeful feels is our best hope for our domestic oil production problem.
Thursday, July 30th … Read the rest
You must be logged in to post a comment.