Environmentalism Gone Beserk

Yesterday The Daily Caller reported that because of the unusually cold winter in Europe and the reliance on green energy, there are major power shortages in Europe.

The article reports:

European Union nations, including Greece and Hungary, hoarded power due to the cold winter weather. That hoarding triggered shortages that cut off electricity to tens of thousands of homes and sent power prices soaring to record levels.

Temperatures across southern Europe are expected to drop below freezing again next week. The continent has been unable to meet electricity demand, as green energy tends to go offline in the cold. Solar power, for example, tends to produce less energy in the winter because the days are shorter.

“What I see in the Balkans is clear evidence that everybody first secures its own consumption and only then, if they’re in a position to do so, they’ll help the others,’’ Andras Totth, the deputy CEO of the Hungarian utility MVM, told Bloomberg.

The transition to green energy (if that is possible) will happen when governments stop interfering in the free market and let the industry grow without government help. Just as a baby chick needs to break the egg it is in to gain strength to live in the outside world, the free market will allow the most efficient and inexpensive technologies to gain strength and survive. When the government picks winners and losers and attempts to move to a technology that has not yet been fully developed, we all lose.

Unfortunately They Are Not All Refugees

Breitbart.com posted an article today which illustrates the problem with the refugees fleeing the Middle East.

The article reports:

A convicted terrorist has been caught trying to smuggle himself into Europe by posing as an asylum seeker, in a stark event proving correct those who warned of terrorists taking advantage of the European Union’s lax border controls.

Ben Nasr Mehdi, a Tunisian who was first arrested in Italy in 2007 and sentenced to seven years imprisonment for plotting terror attacks with an Islamic State-linked group, was caught trying to re-enter the country last month.

Authorities discovered him among 200 migrants who were rescued at sea and taken to the island of Lampedusa. Although he gave a false name, migration officers identified him through finger print records, the Independent reports.

German channel n-tv claims the Italian government initially tried to hide the story to avoid “panic” and “scare tactics”. The news did not emerge until several days after Mehdi had been detained last week.

The good news is that the people on the island had the wisdom to fingerprint the refugees and thus were able to catch Ben Masr Mehdi. The bad news is the claim that the Italian government tried to hide the story.

The article further reports:

Italian Interior Minister Angelino Alfano has until now insisted there is no evidence that Islamist terrorists are smuggling themselves into the country among the thousands of migrants, but his ministry has admitted that Ben Nasr Mehdi is exceptionally dangerous.

When police arrested him in 2007, they found explosive detonators, poisons and guerrilla warfare manuals. Prosecutors said he had been part of a group that was setting up militant cells that had recruited potential suicide bombers.

Authorities intercepted phone calls in which he indicated he had supplied instructions and contacts to terrorists in Damascus, thus marking him out as a senior operative.

I hate to say this, but I am wondering if it would be wise to allow only women and children under the age of twelve to migrate for the time being. There is simply too much danger from young men (and unfortunately, young women) who have been fed hatred of the west and believe it is their religious duty to kill westerners. I truly believe that if we do not find a way to vet these refugees carefully, we will  pay a very high price in the near future.

The Path To National Prosperity

 

Investor’s Business Daily posted an article today citing the results of a recent National Bureau of Economic Research study by MIT economist Daron Acemoglu and University of Chicago economist James A. Robinson.

The study reports:

It’s long been a truism that democracy brings benefits and flexibility to an economy that help boost growth. But some theoretical work “suggests that not all the mechanisms unleashed by moving political institutions from autocratic to democratic are positive for economic growth.” The economists built a model that controlled for possible unexpected influences — such as recessions and negative economic shocks, which often take place before a nation turns democratic. It’s tricky.

After doing the necessary number fiddling, what they found was pretty remarkable: “Our central estimates suggest that a country that switches from autocracy to democracy achieves about 20% higher GDP per capita over roughly 30 years.” That’s a huge difference.

The article mentions that after the fall of the Berlin wall, there was a movement around the world toward democracy. Unfortunately, some of the countries that attempted to become democracies have slipped back to their totalitarian ways. Russia, Venezuela, China and Argentina have all encountered major financial crisis since moving away from democracy. The statistics indicate that one of the most basic solutions to those financial problems would be a move toward democracy. The other kingpin of national prosperity is private property rights (rightwinggranny). That is an area where Americans need to be paying attention to what their government is doing. Less private property rights means less prosperity for the citizens of a country. Freedom breeds prosperity. We need to make sure we guard our freedoms.

 

 

Where To Find The Pathway To Greece

The Daily Caller posted an article today listing some of the things Bernie Sanders wants to implement if he becomes President. Among them are making public universities tuition free (will the teachers work salary free?) and a responsible pathway to citizenship for immigrants that is “achievable for people at the lower end of the economic spectrum. Because everyone knows America needs more low income people to collect money from the government.

Greece is going bankrupt because it has spent beyond its means. Does Bernie Sanders think America can continue to spend beyond our means and not suffer the same fate? The European Union is essentially imposing austerity on Greece as the cost of allowing Greece to remain in the EU. Evidently Greece did not have the self-discipline to impose fiscal restraint on itself.

It you want to follow Greece down the path the bankruptcy, vote for Bernie Sanders!

 

 

A Concise, Honest Statement About The Fiscal Cliff

Yesterday Real Clear Politics posted a video and transcript of a statement made by Senator Tom Coburn on Face the Nation.

This is the statement:

SEN. TOM COBURN (R-OKLAHOMA): The characterization is no matter where we raise taxes, what’s going to happen wit the money? We’re going to grow the government with it. We’re not going to reduce the deficit, because we refused to solve the bigger problems like saving Medicare, insuring Social Security Disability (SSI). We’re not going to use that money to do anything except continue to grow the government.

So, the characterization is that we’re wanting to protect — what we’re wanting to do is to make sure we have a dynamic economy. And I have no problems, I’ve been out there for a long time with saying those who are making more ought to contribute more, but where does that money go? And what do you do with the money? Do you do something with the money that will actually get us further down the road and fix our ultimate long-term problem, which is we’re bankrupt? And we went off the cliff two years ago when we covered 90% of our debt-to-GDP? And by the way, if you actually look at it the way every other country [does], our debt-to-GDP right now is 120%. Not 90%, not 100%, it’s 120%.

So, if you look at that, what’s ultimately going to happen — one last fact, the average Greek citizen‘s debt, for their country, is $36,000; we’re at $51,000 per person in this country. We’re becoming Greece, and we have a government where we’re willing to pay the taxes for 65% of the cost of it. We need to change that. We need both, we need to do both.

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