ARNOLD KLING
August 14, 2011
The Top Political Contributors
August 11, 2011
Gender and the New Commanding Heights
August 11, 2011
Jamie Galbraith Makes an Assumption
August 11, 2011
Macroeconometrics: The Science of Hubris
August 10, 2011
Real and Nominal Bond Yields
BRYAN CAPLAN
August 14, 2011
The Effect of Thumb Sucking on Income
August 12, 2011
The Voice of Cold, Hard Truth to All Would-Be Educators
August 12, 2011
Ability, Morality, and Prosperity: A Paper and a Report
August 11, 2011
The Theory of Time and Frittering
August 10, 2011
Male Variance and the Remnants of the Gender Gap
DAVID HENDERSON
August 9, 2011
Hayek in "Unbroken", Part Two
August 8, 2011
Hayek in "Unbroken"
August 5, 2011
James Bovard on the Peace Corps
August 4, 2011
Summers Way Off on FDR and 1941
August 3, 2011
The "Amazon" Tax
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that's awesome. Thanks. blogged.
What's government doing? How about funding the basic science research that makes rapid technological advances possible? How about funding the training of the scientists?
If you are looking for a "free market" success story, don't look at high technology--90% of the ride is central planning (NSF, NIH, etc). I'm not saying that government involvement was necessary, but it was there in fact.
Very cool. The best part about it: "The company claims that this “Oil 2.0” will not only be renewable but also carbon negative – meaning that the carbon it emits will be less than that sucked from the atmosphere by the raw materials from which it is made." If this is true, then we can stop global warming without having to lose much of our GDP, and we can stop mucking around in the Middle East for oil.
Let's all hope that this goes well and develops further. The article said that a factory about the size of Chicago would be required to meet America's demand for oil. Hopefully they will figure out how to make it more efficient.
Regarding Arnold's point about government, isn't this result exactly the point of gas and carbon taxes? The standard argument for such policies it that they spur innovation and encourage entrepreneurs to develop alternatives like this one.