Over the course of a year, Professor Barton Smith of the University of Houston and Professor George Tolley of the University of Chicago have been conducting a study examining the impacts of the State Implementation Plan proposed by the Texas Natural Resources Conservation Commission for the Houston area economy.
D.C. Doesn’t Just Spend Too Much Money, It Spends On The Wrong Things
Can you imagine China, Russia, or Iran spending trillions of dollars to remove any fraction of the carbon dioxide they’re pumping into the air? When corporations — and people — misallocate capital, they tend to suffer. Of course, whether capital is misallocated is sometimes only fully understood after the fullness of time. The People’s Republic...