Regulating the Regulators

President Bush has ordered all federal agencies, before they issue any kind of regulations, to consider their impact on energy supplies, and to expedite permits so that energy projects don’t get “snarled in bureaucratic tangles as local governments or...

Power at Any Price

Last month, in a response to President Bush’s energy plan, Governor Gray Davis declared that the state of California is “in war with energy companies.” By attacking the producers of energy, he has demonstrated a fundamental misunderstanding of the...

Kyoto is Dead

[CAPITALISMMAGAZINE.COM NEWS REPORT] The Bush White House rocked Washington, DC and the world on March 28 when it acknowledged it would take no action on the Kyoto Protocol, the global warming treaty negotiated in 1997 by the Clinton administration. State Department...

Nations United Against Rights

On Friday, Secretary-General Kofi Annan met with congressional leaders to assuage their anger at America’s ejection from the UN’s Human Rights Commission. The meeting seems to have been a success; it looks as if Republicans in Congress will give up their...

Orchestrating Energy Disaster

One needn’t be a rocket scientist to create California’s energy problems. According to the California Energy Commission, from 1996 to 1999 electricity demand, stimulated by a booming economy, grew by 12 percent while supply grew by less than 2 percent....

Basic Economics

Dr. Thomas Sowell has just released his latest treasure — it’s title is “Basic Economics.” Reading through the book reminded me of a 30-plus-year-old conversation I had with Professor Armen Alchian, one of my tenacious mentors during my...