The Broken Window Fallacy is Back

The Broken Window Fallacy is Back

Guest
Michael Munger
Show Date
January 15, 2023
Categories
Environmentalismenergy
Org/Affiliations
AIER
notes

Professor Mike Munger returns to the show to explore the seen vs. the unseen in green energy and sustainability.

Soph·ist·ry: the use of fallacious arguments, especially with the intention of deceiving.

The word ‘sustainability’ is a slippery one indeed. We’re told that our current consumption is unsustainable, and are cajoled into spending billions on Green New Deal type legislation by politicians who criss-cross the country on jumbo jets.

Even allegedly “clean” energy alternatives to goal and gas require material resources that often dwarf the emissions they’re supposed to offset. Point this out the the Climate Cassandras, and they will shriek that at least the projects create jobs in the Green Economy.

Mike Munger, prolific blogger and Professor of Political Science, Economics, and Public Policy at Duke University, has another name for the typical thinking behind sustainability: sophistry.

His latest article for AIER quotes Frederic Bastiat’s “Economic Sophisms” at length to make the critical point that costs are not benefits. Destroying wealth in order to create jobs is a lose-lose.

A modern-day Bastiat, Munger skewers today’s environmentalist sophists just by showing the logical conclusion of their preferred policies:

Burn all the gas-powered cars? Jobs! Tear down all the oil and gas-powered power plants, so we have shortages of electricity? So many jobs!

Munger returns to the show to explore the seen vs. the unseen in green energy and sustainability.

We talk about one of my personal bugaboos—recycling—and it why it’s typically worse for the environment than landfills. We also revisit Mike’s clear-eyed defense of capitalism, Is Capitalism Sustainable?

The question of sustainability boils down to this: how can we best fulfill the needs of the current generations without compromising the needs of future generations? We can talk all day about alternative energy, but Munger notes that there is no to alternative capitalism. Only the market can solve our sustainability woes.

https://www.amazon.com/dp/B07VZ8ZP11/ref=dp-kindle-redirect?_encoding=UTF8&btkr=1

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