Skip to content

Category: Economics and Business

FWIW: How is the U.S. actually doing on reducing Greenhouse Gas emissions?

Per the EPA (emphasis added):

Greenhouse gas emissions in 2021 (after accounting for sequestration from the land sector) were 17 percent below 2005 levels

from “Inventory of U.S. Greenhouse Gas Emissions and Sinks” (data through 2021, published in 2023)

Further, that 17% decrease in emissions happened while the American population increased by ~12.3% (from 295.5M to 331.9M per the U.S. Census Bureau).  So, under the same assumption, the rate of greenhouse gas emissions per capita has been decreasing at an even faster average rate: more like 2%/year, nearly twice as fast as the rate of decrease in the actual emissions.  Demographic projections by the U.S. Census Bureau predict a declining rate of population growth (and even the beginning of a decline in actual population) over the next century (to something like 350M by 2050 and to 366M (and decreasing) by 2100).  Under the same assumption about per capita emissions that we made about overall emissions — that the average percentage rate of change will remain consistent —  we might then expect the net effect, taking slowing population growth into account, to be an overall reduction in emissions (again, below 2005 levels) of more like ~57% by 2050 and ~83% by 2100.

Those numbers are not, perhaps, what climate activists want or what climate scientists would say we should target.  They are certainly not “net zero”.  But, they represent real, measurable, and steady progress.

So they are also not, perhaps, what the most alarmist headlines would lead you to believe about how we are doing.

It may well be that we are not doing quite enough.  But, we are far from doing nothing…

Leave a Comment

“One-Time” Millionaires

In her front-page commentary piece about ‘one-time millionaires’ — largely small business owners who sell their businesses at retirement — Shirley Leung expresses very little sympathy — bordering on contempt — for the notion that such people might run afoul of the proposed new “Millionaire’s Tax”. Says she,

Let’s be real here. It’s hard to have sympathy for people who stand to make a lot of money from selling their businesses…

Unlike Ms. Leung, I find myself capable of great sympathy, indeed, for their plight…

Leave a Comment

Health Care Payment Reform

From 25 years ago: My Proposal for Health Care Payment reform.

Still, I think, more rational than anything else I’ve heard. Agree with me or convince me I’m wrong — either is a good outcome if it means we end up with something that actually works without destroying either health care or our culture of liberty or both.

The original cover letter to the Concord Coalition and to various Senators and Congressmen

The original cover letter to then-Governor Howard Dean, of Vermont

The proposal

Leave a Comment

Socialism, Capitalism, and the Liberal Republic

It is true that people — not only ignorant self-described “conservatives” but also many ignorant self-described “Socialists” — often throw the word “Socialism” around without seeming to understand what it means.  But,it is also true (OK, it is at least my not-so-humble opinion) that the many articles published recently trying to explain why various brands of “liberalism” are not actually the same as “Socialism” have been overly narrow and parochial in their view of what Socialism is and entails, limiting their argument to the simplistic (and flawed) formulation that it can’t really be Socialism if the government doesn’t “own” the means of production.

But, if that isn’t the defining nature of “Socialism”, then what is? For that matter, what is the defining nature of “Capitalism”? And how do either interact, for better or worse, with the moral premises and practical structures of our Liberal Republic?

In six parts:

Leave a Comment

Solar Power, Revisited

Ten years ago, I wrote a post about the cost-ineffectiveness of solar power. Things have changed.

Today, we have a solar power array on our house that has, over the two years of its operation, supplied about 86% of our overall power needs and saved us about 6% on our electricity bill after accounting for the cost of the array, itself.

That glowing summary, however, reflects not actual day-to-day array performance but only an annualized average, made possible by a “net metering” policy that allows us to use the local electric grid as a “battery” and that provides some fairly generous — if hidden – subsidies to help defray the cost of the system.

That glowing summary also hides some fairly strict logistical limits that put an upper bound on how much solar power the grid can support without the net metering policy falling apart.

This is my report on my two years of experience with solar power, along with some musings on its benefits and constraints.

Leave a Comment

The “public spiritedness” of government

Regarding the question of private vs. public agency/employee performance and, specifically, the question of “conflicts of interest” when private entities are doing public work: Why does everyone seem to assume — and why do you and most of those you invite to speak on your program grant — that “public servants” are immune to the lure of self-interest and conflicts-of-interest that are presumed to be the hallmark of “private enterprise”?

Leave a Comment

Rational spending: it’s a matter of (dis)trust

What assurance can you offer me that, if I go along with a robust governmental stimulus financed by debt and inflation now, then the Congress and the President will follow through with austerity programs to resolve that debt and inflation later?

Because, unless you (or someone) can provide such assurances, can convince me that our politicians and government bureaucrats will suddenly change their approach to fiscal policy and behave in the rational way that economists would advise them to do, I and many like me cannot support such stimulative policies.

Leave a Comment