May 16, 2012

JOHN HINDERAKER: The High Cost Of Regulation.

Remember when President Obama said that his policies would cause the cost of electricity to skyrocket? Well, the cost has skyrocketed, but not only because of Obama. In February, Robert Bryce of the Manhattan Institute released a study of the cost of renewable energy mandates. In most states, regulatory authorities have required utilities to obtain a specified portion of their power from renewable sources–wind, solar, and so on. Those energy sources are nowhere near as efficient as coal and natural gas, which means they cost far more per kilowatt hour. But the utility has to buy that energy by law, and it passes the higher cost on to its ratepayers. Generally, the ratepayers–i.e., all of us–have no idea that they are paying extra to subsidize “green” fantasies.

There’s too much regulation, for too many lousy reasons. If regulation isn’t clearly for the common good, it’s just bossiness — a deprivation of freedom for no good reason — and should be remedied by tar, feathers, and such other means as get the message across.

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