Julian Simon, Vindicated Again

Population growth is a good thing, Julian Simon told us.

Each year, the Competitive Enterprise Institute (CEI) has a dinner in Washington, D.C., honoring the economist Julian Simon, who died in 1998. Simon was a rare optimist in the fields of population and natural resources. He disagreed with most environmentalists of his day (especially in the 1980s through 1990s). They feared passionately that growing population would overwhelm agriculture and industry and that the world would run out of natural resources such as oil and minerals.

Instead, Simon thought that more births are a good thing and was sure that resources would not disappear. His upbeat views were widely disparaged.

Ecologist Garrett Hardin called him “Dr. Pangloss,” compared him to a “fast change artist at a county fair,” and said he persuaded people with “sleight of hand.” [1] Paul Ehrlich, author of The Population Bomb, and a leading alarmist wrote (along with his wife, Anne), that Simon was “the leader of a space-age age cargo cult” of economists and a “fringe character.” [2] They also called his qualifications those of a “specialist in mail-order marketing.”[3]

Today Simon’s views are beginning to be appreciated. Continue reading “Julian Simon, Vindicated Again”

Blame the Gristmills

Yates Mill, North Carolina

You may remember the extremely cold winter of 2021. In Texas, the system of electricity collapsed; 4.5 million homes lost power—for days. More than 200 people died, half of them of hypothermia (cold). This wasn’t supposed to happen, of course. Texas’s electric utilities are regulated and the regulation had been modernized beginning in 1999.

Why wasn’t the public interest served?

The issue is so complicated that I can’t answer that question. But the ongoing debate over the Texas tragedy has plunged me into a new project: trying to understand why electric utilities are regulated in the first place. Why do state commissions control the activities of companies like Duke and PNG that produce and send electricity to our homes?

That effort sends us back to colonial days in America. [1]

Continue reading “Blame the Gristmills”

What Does the Vietnam War Have to Do with the U.S. Civil War?

Vietnam Veterans' Memorial

Did the “Vietnam syndrome” affect how historians viewed the U.S. Civil War? Here’s an argument that it did.

But first, recognize that historians have mixed feelings about the present. On the one hand, today’s issues can shed light on the past because “each generation asks a different set of questions.”[1] On the other, they can lead to presentism—reshaping the past by imposing today’s viewpoints.

I’m always on the lookout for such interplays. And that may have happened with the post-Vietnam era.  I just learned that in 2002 the prominent Civil War historian Brian Holden Reid argued that the Vietnam War reshaped historians’ understanding of the American Civil War. [2] Reid’s article appeared in the journal of a British military-security think tank.

Of course, thousands of pages—thousands of books, perhaps—have been written trying to explain why the North won and the South lost. A major trope used to be that the North initially failed to win because it lacked bold generals willing to take their troops into battle—until Ulysses S. Grant was appointed commanding general.

A New Interpretation

Reid suggests that after the Vietnam War, Civil War history became more about why the South lost—by failing to take a more defensive strategy—and why, in historians’ view,  big battles were futile. Continue reading “What Does the Vietnam War Have to Do with the U.S. Civil War?”

Climate Change and the “Madness of Crowds”

Madness of crowds: witches' sabbath

Can history help us understand today’s panic over global warming? I believe so.

I do think we are experiencing panic. While the Earth is warming and human activity is probably contributing to it, the overheated efforts to make people fear the long-term future suggest that this is more of a crusade than a rationally considered enterprise. Extreme fear of global warming is negatively affecting politics, the economy, the media, international relations, and education.

I will look at two disastrous periods that have some resemblance to today’s craze: witchcraft fears in the Middle Ages and the eugenics movement of the 1930s. I am not alone in making these comparisons to climate change alarm , as you will see. [1]

But first, bear with me as I report on some of the efforts to ignore or squelch criticism of the prevailing apocalyptic approach. These efforts are inappropriate,  even unethical. Then I will discuss the two previous outsized eras. Continue reading “Climate Change and the “Madness of Crowds””

Ethanol: Another ‘Bootleggers and Baptists’ Coalition

Ethanol summit meeting in Sao Paolo in 2019

I recently became acquainted with an arcane language containing symbols like RFS, RINs, eRINs, RVOs, WTE, RNG, even HBIIP.  It is spoken by groups with their own esoteric names, such as RFA and ABFA and WTEA.

There is a reason for this obscurity: This is the language of lobbying for the multi-billion-dollar  “renewable fuel industry (RFI).” These speakers don’t want you to know much about them except when they make public announcements like: “lower-cost, lower-carbon ethanol fuel blends are better for the environment and the family budget.”

I’m going to share some of the 50 years of history of this renewable fuels  lobbying. My purpose is to explain two ideas that help me understand political history. One is the economist’s notion of concentrated benefits vs. dispersed costs. Another is the “bootleggers and Baptists” coalition identified many years ago by economist Bruce Yandle. [1]

While I am singling out one big (and burgeoning) industry, that is because I have been examining it for my environmental blog, and I have more details there (including definitions of most of the terms identified above). But there  are plenty of other similar stories (start with sugar and cotton) .

Continue reading “Ethanol: Another ‘Bootleggers and Baptists’ Coalition”