Friday, March 2, 2012

The High Cost of Green

"When is a job not a job? Answer: when it is a green job. Jobs in an industry that raises the price of energy effectively destroy jobs elsewhere; jobs in an industry that cuts the cost of energy create extra jobs elsewhere.

The entire argument for green jobs is a version of Frederic Bastiat’s broken-window fallacy. The great nineteenth century French economist pointed out that breaking a window may provide work for the glazier, but takes work from the tailor, because the window owner has to postpone ordering a new suit because he has to pay for the window.
http://mjperry.blogspot.com/2012/02/matt-ridley-on-how-high-cost-green.html

Oh come on now, can't we get at least on ray of sunshine out of a cucumber?

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