By now you have all heard about the Green New Deal. It doesn’t take a very long memory to know that this sort of massive spending plan will collapse the economy.
You see, the European debt crisis was triggered in part by plans very much like those recommended in the Green New Deal: Heavy subsidies for so-called green tech, utopian timelines for alternative energy usage, and punitive treatment on the kinds of energy which our economy actually depends on. The result? Greece and Spain and Italy triggered a crisis that jeopardized the future of the entire European Union.
If eight years ago is ancient history for AOC and her zealots, how about three months? France instituted a tiny version of the same thing—and even France abandoned it. Experience is a great tutor, but her tuition can be very expensive for those who refuse to learn from the failures of others.Read More »