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Posts Tagged ‘GREEN NEW DEAL’

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Green New Deal: “Air Travel Stops Becoming Necessary”

Posted by M. C. on February 7, 2019

Alexandria Occassional-Cortex

“It will be one of several or maybe many suggestions that we receive,” Pelosi told Politicoon whether the climate change panel will write legislation around the Green New Deal. “The green dream or whatever they call it, nobody knows what it is, but they’re for it, right?” 

Like Obamacare

The Real Deal–“Ensure that all GND jobs are union jobs that pay prevailing wages and hire local.”

https://www.atr.org/green-new-deal-air-travel-stops-becoming-necessary

Posted by Michael Palicz

Below are the details of the proposal.

Rebuild every single building in the U.S.

“Upgrade or replace every building in US for state-of-the-art energy efficiency.”

Will end all traditional forms of energy in the next ten years.

The Green New Deal is “a 10-year plan to mobilize every aspect of American society at a scale not seen since World War 2 to achieve net-zero greenhouse gas emissions.”

Plans to ban nuclear energy within 10 years if possible.

“It’s unclear if we will be able to decommission every nuclear plant within 10 years, but the plan is to transition off of nuclear and all fossil fuels as soon as possible.”

Build trains across oceans and end all air travel!

“Build out highspeed rail at a scale where air travel stops becoming necessary”.

Don’t invest in new technology of Carbon Capture and Storage, just plant trees instead!

“We believe the right way to capture carbon is to plant trees and restore our natural ecosystems. CCUS technology to date has not proven effective.”

Mandates all new jobs be unionized.

“Ensure that all GND jobs are union jobs that pay prevailing wages and hire local.”

May include a carbon tax.

“We’re not ruling a carbon tax out, but a carbon tax would be a tiny part of a Green New Deal.”

May include cap and trade.

“…Cap and trade may be a tiny part of the larger Green New Deal plan.”

How much will it cost?

No estimate of the total cost of implementing the Green New deal is offered by Ocasio-Cortez.

However, as Ocasio-Cortez admits, “even if every billionaire and company came together and were willing to pour all the resources at their disposal into this investment, the aggregate value of the investments they could make would not be sufficient.”

“The Federal Reserve can extend credit to power these projects and investments and new public banks can be created to extend credit”…

Be seeing you

genius

 

 

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The Economic Argument for a Carbon Tax Is a Work of Fiction | Mises Wire

Posted by M. C. on February 3, 2019

If these regulations are so inefficient, then why do they exist in the first place? The answer, of course, is that they are there for political reasons, not because they passed a legitimate cost-benefit test.

https://mises.org/wire/economic-argument-carbon-tax-work-fiction

We live in strange times indeed when an environmental reporter for The New York Times writes that we should stop pushing for a carbon tax, just a few weeks before dozens of distinguished economists sign a letter to the Wall Street Journal calling for a carbon tax. Yet despite the prestige behind the impressive list of signers, the economists mislead the American public on several key points.

Specifically, there is quite open hostility on the progressive Left to merely a carbon tax—for example as is spelled out in the “Green New Deal” that has attracted so much attention. It is thus very dangerous for these economists to tell the public that a carbon tax would promote economic growth by eliminating unnecessary regulation. Furthermore, there is no discussion of just how severely economic growth would be limited, even if the carbon tax receipts were refunded dollar-for-dollar (which of course they won’t be). The talk about average families receiving more back in dividends than they pay out in higher energy prices is extremely misleading, and could only be true if the scheme fails in its ostensible goal of drastically cutting emissions. Finally, the attempt to maintain American competitiveness with a “border adjustment” would simply ensure that the program was symbolic and did little to slow global carbon dioxide emissions.

No, a Revenue-Neutral Carbon Tax Deal to Replace Regulations Is Not Going to Happen

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The “Green New Deal” Debunked (Part 2 of 2) | Mises Wire

Posted by M. C. on January 27, 2019

https://mises.org/wire/green-new-deal-debunked-part-2-2

One of the hottest topics in policy wonk circles is the “Green New Deal,” spearheaded by the rising star of the progressive Left, Alexandria Ocasio-Cortez. In my previous post, I explained that the entire premise of a current New Deal—whether green, red, or blue—was flawed. Even on standard Keynesian terms, it makes no sense to embark on a $1 trillion government spending program with official unemployment below 4 percent and the Fed raising rates to rein in price inflation. Worse, historically the actual New Deal under Franklin Roosevelt prolonged the nation’s suffering, making the Great Depression linger for a decade. Finally, I pointed out that the supporters of a Green New Deal weren’t merely interested in mitigating climate change: they quite openly announce that they will use the plan as a vehicle for transforming society according to the standard progressive wish list.

In the present post, I’ll critically analyze some of the specific policy goals listed in the draft text calling for a creation of a select committee to craft a Green New Deal. The various proposals would waste enormous sums of money in pursuit of impossible goals that would raise energy prices and hurt consumers. Even if one believes that carbon dioxide emissions constitute a “negative externality,” the measures in the proposed Green New Deal would achieve emission reductions at a much higher cost than necessary. And we see once again that the progressive Left does not think a simple “price on carbon” is enough to achieve their agenda. Conservatives and libertarians should therefore be under no illusions when the idea of a “carbon tax deal” is floated.

A Carbon Tax Won’t Satisfy the Green New Dealers

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The “Green New Deal” Debunked (Part 1 of 2) | Mises Wire

Posted by M. C. on January 27, 2019

https://mises.org/wire/green-new-deal-debunked-part-1-2

There’s a growing buzz around a “Green New Deal,” spearheaded by newly-elected Alexandria Ocasio-Cortez. Although the details are in flux, currently the draft text calls for the creation of a 15-member “Select Committee for a Green New Deal” that would “have authority to develop a detailed national, industrial, economic mobilization plan” to make the U.S. economy “greenhouse gas emissions neutral.” As if that weren’t ambitious enough, the Select Committee’s detailed national plan would also have the goal “to promote economic and environmental justice and equality.” The draft specifically mentions spending $1 trillion over ten years, in addition to extensive taxes and regulations to steer the economy and society as the 15 committee members see fit. (To be clear, the draft text currently calls for the creation of the select committee, which in turn is then tasked with drafting legislation forming the “Green New Deal” itself.)

In this two-part series I will strongly critique both the spirit and substance of a proposed “Green New Deal.” In the second article, I will focus on the specific proposals in the draft legislation. But in this first piece I will give the historical context and explain why the very notion of a Green New Deal is misguided, because it relies on faulty history and bad economics.

The Original New Deal Was Implemented During the Great Depression

Perhaps the most obvious flaw with anyone proposing a modern-day New Deal—whether green or any other hue—is that we are not currently in the midst of an economic depression. Even textbook Keynesians, who think that (say) the incoming Obama Administration was justified in administering a large “stimulus package” because we were stuck in a so-called liquidity trap, now admit that there is no economic rationale for continuing to run large budget deficits. (As Paul Krugman notoriously and conveniently wrote soon after the election of Trump, “Deficits Matter Again.”)

The very term “New Deal” was chosen to appeal to the 20%+ of the unemployed in the workforce, who had ostensibly been left behind by the traditional U.S. economic system. Yes, Ocasio-Cortez and her supporters are touting the Green New Deal as (among other things) the solution to lingering economic inequities in the current system. But to call concern over a wage gap a “New Deal” is as inapt as christening a bullet train program a “Green Moon Shot.”

The New Deal Actually Hurt the U.S. Economy and Prolonged the Great Depression

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EconomicPolicyJournal.com: WARNING: The ‘Green New Plan’ Has All the Elements of an Old Soviet Union GOSPLAN

Posted by M. C. on January 23, 2019

http://www.economicpolicyjournal.com/2019/01/warning-green-new-plan-has-all-elements.html#more

WARNING: The ‘Green New Plan’ Has All the Elements of an Old Soviet Union GOSPLAN

Richard Ebeling emails:

Dear Bob,

I have a new article on the website of the American Institute for Economic Research (AIER) on, “The Green New Dealers and the New Socialism.”

How quickly it seems to be forgotten what “socialism-in-practice” was really like in many places around the world in the 20th century, considering the rebirth of advocacy of a new “democratic socialism” by many in contemporary America. This is reflected in the proposal for a “”Green New Deal.”

Have no doubt, if implemented, this Green New Deal will result in a comprehensive system of government central planning by those determined to “save the planet” from “climate change” and wanting to remake society according to a collectivist agenda of social justice based on the new tribalism of “identity politics.”

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EconomicPolicyJournal.com: Worthless Junk From Nobel Prize Winner Joseph Stiglitz

Posted by M. C. on January 18, 2019

http://www.economicpolicyjournal.com/2019/01/worthless-junk-from-nobel-prize-winner.html#more

By Michael S. Rozeff

Joseph Stiglitz got a Nobel in economics. His award doesn’t make his ideas any less incorrect. He endorses Green Socialism via the Green New Deal. His stories and interpretations of economic and political reality are worthless junk, like this one on inequality. For one rebuttal of the latter article, see here. That author is Mark Hendrickson, “…who earned his doctorate under Ludwig von Mises.” He makes statements about that Stiglitz article like these:
“…as has happened before, Mr. Stiglitz provides a faulty explanation.”
“Joseph Stiglitz’s diagnosis is flat-out wrong when he argues that the middle class is declining because the rich are getting richer.”
“…for him to blame the rich instead of government for today’s problems reflects a partisan and ideological bias rather than objective economic analysis.”
“Because Stiglitz’s diagnosis is wrong, his prescription also is wrong.”

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Green Socialism – LewRockwell

Posted by M. C. on January 5, 2019

Sandy sounds like a poorly-educated-but-well-indoctrinated young communist with a ninth-grade mentality.  She proudly labels herself a “democratic socialist” but as Ludwig von Mises explained, there really is no difference between communism and socialism: they are both attacks on private property and economic freedom.  She seems clueless about just about everything she talks about in public, whether it is the Constitution, especially the economy, the structure of government, history, etc.

https://www.lewrockwell.com/2019/01/thomas-dilorenzo/green-socialism-is-still-socialism/

By 

Upon taking control of the U.S. House of Representatives the first thing America’s Marxist Party did was to propose a Soviet-style, communistic destruction of American capitalism labeled a “Green New Deal.”  The Party chose as its spokesperson for this totalitarian venture a young woman named Sandy Ocasio who grew up in one of the wealthiest enclaves in America, Westchester County, New York, but who decided to lie about this to get into politics by calling herself “Alex from the Bronx.”  Sandy sounds like a poorly-educated-but-well-indoctrinated young communist with a ninth-grade mentality.  She proudly labels herself a “democratic socialist” but as Ludwig von Mises explained, there really is no difference between communism and socialism: they are both attacks on private property and economic freedom.  She seems clueless about just about everything she talks about in public, whether it is the Constitution, especially the economy, the structure of government, history, etc.  This is the person the American Marxist Party has chosen as its front person in its proposal to destroy American capitalism, prosperity, and the American dream forever—and to give itself totalitarian control over virtually all aspects of American life.

The first thing to understand about the proposed “Green New Deal” is that the first New Deal not only failed to end the Great Depression but made it more severe and longer-lasting… Read the rest of this entry »

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THE ‘GREEN NEW DEAL’: A RADICAL MANDATE FOR GOVERNMENT CONTROL OF AMERICAN SOCIETY

Posted by M. C. on January 3, 2019

More, Ocasio-Cortez sees this plan is being a vehicle through which social equality might finally realized through the use of reparations to right historical injustices.

Going back how many thousand years?

Ocasio-Cortez may not be in Congress yet, but she already has a plan to remake the way Americans drive, commute, live, work, and even use the financial system. Let there be little doubt how she aspires to wield power in Washington.

https://news.grabien.com/story-ocasio-cortezs-green-new-deal-radical-mandate-government-con

By Tom Elliott

…

More specifically, Ocasio-Cortez’s plan calls for, within 10 years, a series of lofty overhauls of American life [emphasis added]:

  • The installation of a “national, energy-efficient, “smart grid.”
  • “Upgrading every residential and industrial building for state-of-the-art energy efficiency, comfort and safety”
  • “Eliminating greenhouse gas emissions from the manufacturing, agricultural and other industries” as well as from America’s transportation and infrastructure network
  • Funding “massive investment” in reducing existing greenhouse gasses

Between its calls for “upgrading” homes and overhauling travel, public infrastructure, and even the way Americans consume electricity, the plan leaves virtually no facet of everyday life untouched. Think of how often you don’t use electricity to imagine how much of your average day the plan wouldn’t impact.

The proposed committee would also have seemingly total oversight of American industry, with a mandate for pushing union membership. Read the rest of this entry »

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