Green central planning—our hydrogen future?
In my last post, I commented on how government central planning, being subject to shifting political agendas, makes long-range economic decision-making impossible. It’s worth looking at other examples of the chaos and market distortions that government intervention causes.
Consider the government’s support for alternative fuel vehicles, which—like the solar power plants in the Mojave desert—is driven purely by green ideology. It currently doesn’t make any technological or economic sense to try to replace the petroleum-powered internal combustion engine with currently existing alternative fuel technologies. (Just as it currently doesn’t make any sense to try to replace fossil-fueled or nuclear-powered electricity with solar or wind.) Nevertheless, the government is determined to do so.
In 2003, the Bush administration launched a 1.5 billion dollar initiative to subsidize the development of hydrogen cars—cars that use hydrogen instead of gasoline as their source of energy, producing water as their only emission.
Now, there are all kinds of reasons why hydrogen cars would never make it today on a free market. Critics cite legitimate safety concerns, the high cost of hydrogen fuel cell technologies, and the need for a huge, nationwide build-out of hydrogen refueling stations. Read the rest of this entry »

Last week President Obama 


In the wake of the national security debacle of the Christmas Day attempted bombing of Northwest Flight 253, the Obama administration is being justifiably pummeled — and the Republicans are piling on with zeal.
The clerics in Iran have led crowds in chants of “death to America” for 30-plus years, but now protesters in Iran are
Entries (RSS)