The green energy movement in America is dead. May it rest in peace. No, a majority of American energy over the next 20 years is not going to come from windmills and solar panels. One important lesson to be learned from the green energy fad’s rapid and expensive demise is that central planning doesn’t work.
Stephen Moore, who formerly wrote on the economy and public policy for The Wall Street Journal, is chief economist at The Heritage Foundation.
May 12, 2015, 2:49 PM EDT
April 27, 2015, 2:17 PM EDT
Five years ago this week a blowout of BP’s Deepwater Horizon oil rig 40 miles from the Gulf Coast tragically claimed 11 lives and spilled 3 million barrels of oil from the damaged wellhead into the Gulf. It’s hard to forget the video images of thick oil day after day gushing into the region’s waters.
April 24, 2015, 11:16 AM EDT
Wednesday was Earth Day and to hear the experts like Usher and Al Gore tell the story, the planet is in a miserable state. We’re running out of our natural resources, we’re overpopulating the globe and running out of room, the air that we breathe is becoming toxic, the oceans are rising and soon major coastal cities will be underwater, and the Earth is, of course, heating up, except when it is cooling down.
April 14, 2015, 5:21 PM EDT
Poor Barbra Streisand. Just last month the renowned economist (who also describes herself as a “singer,” “actress,” and “activist”) penned an opinion piece titled “Have You Heard the Good News?” about how well the economy is performing under Barack Obama. It was a pep rally of sorts, and all that was missing were the pom-poms. “President Obama’s administration, with only opposition from the Republicans,” she gushed, “has steadily helped put more than 11 million Americans back to work in the private sector.”
April 13, 2015, 1:58 PM EDT
Nearly everyone is thinking about cancer these days thanks to the Ken Burns film on PBS, “Cancer: The Emperor of All Maladies.” All of us, including Burns himself, who as a child lost his mother to cancer, know a family member or a close friend who has died of the Killer C.
April 6, 2015, 11:41 AM EDT
The great conundrum of the U.S. economy today is that we have record numbers of working age people out of the labor force at the same time we have businesses desperately trying to find workers.
March 24, 2015, 9:29 AM EDT
National Geographic’s latest cover story generated lots of attention for comparing climate change skeptics to those who fear vaccinations, disbelieve NASA’s moon landing, and oppose water fluoridation.
March 17, 2015, 10:32 AM EDT
My first job as a teenager back in 1976 was working as a blue-suited Andy Frain usher at sporting events at places like Wrigley Field in Chicago. When I took the job, I was required to join the local union and pay dues. My co-workers and I used to endlessly complain that the union was snatching money from our paychecks even though we were only paid the minimum wage. “What has this union ever done for us?” we all raged.
March 9, 2015, 5:34 PM EDT
Wisconsin is poised this week to become the 25th “right-to-work state,” ending forced unionization and allowing individual workers to decide if they want to join a union or not.
February 2, 2015, 12:20 PM EST
It was just recently that President Obama took credit for falling gas prices in his State of the Union address, and already he is sticking another knife in the back of America’s domestic oil and gas producers — to say nothing of the residents of Alaska.
January 21, 2015, 10:14 AM EST
In President Obama’s State of the Union preview, he touted low gas prices as an example of positive economic results. “America is now in a position to really turn the page,” he said and cited in part the fact that “gas prices have dropped.”
January 13, 2015, 5:14 PM EST
Suddenly everyone in Washington wants a gas tax hike—apparently so consumers don’t save too much money at the pump. As prices keep falling, the politicians and the moochers in Washington want a piece of the action.
January 7, 2015, 1:08 PM EST
On New Year’s Day, the minimum wage increased in 20 states and the District of Columbia. This follows a year in which protesters hit the streets in major cities, camping in front of fast food stores and demanding a hike in the minimum wage.
November 18, 2014, 12:56 PM EST
Japan is suffering another economic free fall. Following a second quarter GDP decline of an annualized 7.3 percent, this last quarter the economy in Tokyo sank again by another 1.6 percent. The land of the rising sun is looking a lot like the land of the setting sun. There are lessons here for U.S. policymakers if they are paying attention.
November 17, 2014, 1:48 PM EST
First, the good news. The economy is unmistakably regaining some of its mojo. We picked up another 214,000 jobs in October, according to the Labor Department, and with revisions from previous months, the number was closer to 250,000. Now THAT’S more like it.
October 28, 2014, 4:02 PM EDT
We learned last week that new Federal Reserve Chair Janet Yellen is not so much our nation’s central banker as class warrior-in-chief. In a widely publicized speech Ms. Yellen parroted all of the left’s talking points on the divide between rich and poor.
October 27, 2014, 4:32 PM EDT
American workers and motorists got some badly-needed relief this week when the price of oil plunged to its lowest level in years. The oil price has fallen by about 20 to 25 percent since its peak back in June of $105 a barrel. This is translating to lower prices at the pump with many states now below $3 a gallon.
August 25, 2014, 10:36 AM EDT
America has a deficit of workers. Willing workers. Capable workers. Skilled, or at least semi-skilled workers, who can do a job and do it well. There are at least one million jobs that go begging day after day if only employers could find workers to fill them.