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Conservatives Don't Do Economics

Wednesday, March 28, 2007
I'm in the absurd position of appearing to defend Mitt Romney.

In attacking Mitt Romney for not being conservative enough, Steven Warshawsky (via Andrew Sullivan)says the following:

Frankly, either Romney has forgotten his basic economics or he is pandering on environmental issues. This nation will never become "energy independent" because it makes no sense economically to do so. It is cheaper to purchase much of our energy (oil) from foreign suppliers. Cheaper energy means we are all richer. Moreover, most of our foreign oil comes from friendly countries.

I'm not an economist, but at least I've heard of import substitution. And as for buying our oil from other country, surely Warshawsky has encountered at some point the principles of supply and demand? Since there is a global market for oil, buying it from one places increases the price everywhere - meaning every barrel we import puts another dollar in the pockets of 3rd world dictators.

It's really difficult to write about this sort of nonsense without writing insults.
Posted by Arbitrista @ 6:09 AM
  • We need to figure out a way to harvest the oil of the faces of all the awkward 13 year olds in this country.

    By Blogger Crawlspace, at 8:05 AM  
  • I could have powered NYC all by myself as a teenager.

    By Blogger Arbitrista, at 10:46 AM  
  • Reminds me of the debate between Jerry Taylor & James Woolsey at the conservative summit. Taylor's a CATO hack who kept making the same kinds of arguments as Warshawsky. Woolsey looked like he wanted to strangle him.

    By Blogger Paul, at 1:12 PM  
  • Yeah I saw that debate on CSPAN. For a minute I really thought Woolsey was going to call his old pals in the CIA to Taylor "cleaned."

    By Blogger Arbitrista, at 3:13 PM  
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