And Why Do You Suppose Energy Prices — and Inflation — Now Are Through the Roof?
Biden now says inflation is his “top priority” — hasn’t causing it been his top priority all along?
by Dov Fischer
November 10, 2021, 10:04 PM
Energy prices are up 18 percent. Is that high enough to be called “inflation”?
Why do things like this happen? Why do such bad things happen to good people?
It is not about theology or philosophy. Rather, idiots sometimes need to look within themselves to find the roots and seeds of their own demise. Biden is president. Pelosi runs the House. The conservative Republican Trump economy was reversed. Policy changes like those have consequences.
Trump opened limited isolated parts of Alaska to new energy production. No one lives in the Arctic National Wildlife Refuge. The caribou there actually do better amid energy exploration. Trump opened parts of the eastern seaboard. He expanded hydraulic fracturing. He deregulated the energy industry. He OK’d the Keystone XL pipeline. As a result of Trump’s enormously bold and successful energy initiatives, American energy production expanded so much that we reversed course from being a net importer of energy to an energy net exporter.
The Left always likes to talk about how “the science is settled.” (Except when discussing, let’s say, the science that now is settled — but was not yet settled during the Roe v. Wade days — confirming now that human life exists in the womb.) Another settled science is the law of supply and demand. It is science. When the world has only 100 widgets to sell and prices them at one dollar each, but then suddenly the world uncovers 1,000 more widgets to sell, the price goes down. It always goes down because, if the sellers of the first one hundred will not lower their prices, the consumer now can go elsewhere to the sellers of the other thousand. This likewise is one reason why a Picasso or a Rembrandt costs more than, uh, a Hunter Biden — and why art works accelerate even higher in price when the artist dies — because the increasing supply stops. With the artist’s death, that’s all the Rembrandts there ever will be. Even for baseball card collectors, we always knew that the companies issued limited numbers of the Willie Mays, Mickey Mantle, and Henry Aaron cards. They increased the value by limiting the supply.
When Biden entered office, he had no idea what was going on, what he was doing. Not because of Alzheimer, but because of Biden. For fifty years in public life, he always has been wrong — except when he plagiarized others, which he did, sometimes further choosing wrongly. He came in and stifled Trump’s energy program. He was so proud: “See what I have done with my executive orders?”
more
https://spectator.org/and-why-do-you-suppose-energy-prices-and-inflation-now-are-through-the-roof/
