In this week's Liberty Update we highlight the potentially catastrophic threat of H.R. 3, the healthcare…
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Notable Quote: WSJ on H.R. 3, Biden & Pelosi's Dangerous Healthcare Bill

In this week's Liberty Update we highlight the potentially catastrophic threat of H.R. 3, the healthcare and drug price control bill that Joe Biden and Nancy Pelosi are attempting to rush through Congress.  The Wall Street Journal helpfully offers further insight this morning on how H.R. 3 would threaten lifesaving U.S. pharmaceutical innovation and leadership, including on things like the Covid vaccines:

Companies that refuse the government’s price must pay a 95% excise tax on all revenue they generate from that drug in the U.S.  They’d also have to offer the government price to private insurers.  There’s no “negotiation” when a gun is pointed at your head.  A new study in the Journal of the American Medical Association estimates that drug spending in the U.S. would…[more]

September 23, 2021 • 10:23 AM

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Joe Biden's Climate Denialism Print
By David Harsanyi
Friday, April 23 2021
By nearly every quantifiable measure, the environment is also in better shape now than it was 20, 30 or even 50 years ago.

In anticipation of the virtual Leaders Summit on Climate, a two-day global gathering of more than 40 world leaders, President Joe Biden declared that the United States had a "moral imperative" to adopt an "ambitious" goal of cutting greenhouse-gas emissions by 50% from 2005 levels by 2030 and 100% by 2050.

Such an effort, if we were serious about it, would entail massive destruction of wealth, a surrender of our international trade advantages, the creation of a hugely intrusive state-run bureaucracy at home, the inhibition of free markets that have helped make the world a cleaner place and a precipitous drop in the living standards of most citizens  especially the poor.

Of course, it should be said that those who oppose the expansion of fracking and nuclear energy  most elected Democrats, it seems  aren't even remotely serious about "tackling" carbon emissions, anyway. Around 80% of American energy is generated by fossil fuels and nuclear right now. Around 20% is generated by "renewables"  predominantly wind and hydropower (which is unavailable in most places). Only around 2% of our portfolio consists of inefficient and unreliable solar power  this, even after decades of subsidies and mandates.

It's always funny to hear people speak about solar panels as if they were some sort of cutting-edge technology. The discovery of the photovoltaic effect goes back to 1888. President Jimmy Carter declared a national "Sun Day" in 1978 and put 30 solar panels atop the White House. One of those panels is now on display at the Science and Technology Museum in China  not only the top producer of solar panels and carbon emissions but also the nation that would most benefit from the United States' unilateral economic capitulation.

To reach Biden's goal, the United States would need to envelop most of the nation in panels and windmills and then rely on enormous Gaian prayer circles  may she grant us sunshine and gale-force winds. We would be compelled to eliminate most air travel and cars  making new ones produces lots of carbon emissions  and retrofit every home, factory, warehouse and building in America to utilize this type of energy. We would need to dramatically cut back on our meat and dairy intake as well.

"The signs are unmistakable, the science undeniable," Biden claimed. "Cost of inaction keeps mounting." Now, I realize that people repeat these contentions with religious zeal, but the evidence is extraordinarily weak. For one thing, there is action. Market innovations keep creating efficiencies all the time. For another, we live in the healthiest, most equitable, most prosperous, most safe and most peaceful era in human existence. Affordable fossil fuels have done more to eliminate poverty than all the redistributionist programs ever concocted. By nearly every quantifiable measure, the environment is also in better shape now than it was 20, 30 or even 50 years ago. A lot of that is grounded by an economy that relies on affordable energy. Also, though every weather-related event is framed in a cataclysmic way, not that long ago, being killed by the climate was serious concern for most people. Today, it is incredibly rare.

Progressives, however, regularly maintain that we are facing an existential crisis. One might point out that science's predictive abilities on climate have been atrocious. But really, these days, "science" is nothing but a cudgel to push leftist policy prescriptions with little consideration for tradeoffs, reality, or morality.

The Malthusian fanaticism that's been normalized in our political rhetoric is also denialism. "Science," as the media and political class now practice it, has become little more than a means of generating apprehension and fear about progress. It is the denial of the modern technology and competitive markets which continue to allow human beings to adapt to organic and anthropogenic changes in the environment. Even people who mimic doomsday rhetoric seem to understand this intuitively. The average American says they are willing to spend up to $177 a year to avoid climate change, not the approximately $177,000,000 per person it would cost to set arbitrary dates to get rid of a carbon-energy economy.

The choice we're given now pits a thriving open economy against an economy weighed down by centralized (and unratified) worldwide climate-change treaties such as the Paris climate agreement that put little burden on growing economies such as China and India, and all of it on you.

What does that burden look like? After shutting down a large chunk of its economy in 2020, and spending trillions to keep those affected afloat and avert a depression, the United States emissions only fell by 13%. Imagine what 50% might entail. When confronted with these nagging specifics, we often hear how these are aspirational goals. Why would we aspire to make life worse for billions of people?


David Harsanyi is a senior writer at National Review and the author of the book "First Freedom: A Ride Through America's Enduring History With the Gun." 

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What is the single deadliest disease epidemic to the U.S. population in history?
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"The House will vote Thursday on the Senate-passed bipartisan infrastructure bill, pushing back an originally planned vote for Monday that Democratic moderates had demanded as part of a deal with Speaker Nancy Pelosi (D-Calif.).Lawmakers will still debate the bill on the House floor on Monday, but the actual vote will be pushed to Sept. 30, when some surface transportation programs are set to expire…[more]
 
 
—Cristina Marcos, The Hill
— Cristina Marcos, The Hill
 
Liberty Poll   

Pres. Biden is seeking IRS authority to monitor every American financial transaction exceeding $600. Is there any legitimate government reason you can think of for such micro-monitoring of individual financial transactions?