Green energy is the modern "Broken Window"

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Excerpt American Institute for Economic Research aier.org

John Goodell studied literature at Berkeley, then got an M.F.A. at Columbia. He has edited Zyzzyva, a literary magazine in San Francisco, and been a contributing editor at Rolling Stone. Pretty impressive.

None of that qualifies him as a climate scientist or economist. So it’s surprising that web searches yield hundreds of solemn, even pious, invocations of Goodell’s economic wisdom:

“In reality, studies show that investments to spur renewable energy and boost energy efficiency generate far more jobs than oil and coal.”

I have not been able to find a source; the quote itself has become self-recommending, using authority by reference: “studies show…” My good friend Russ Roberts often inveighs against the “studies show” formulation, but I think we have to give Goodell credit here.

Continue Reading at American Institute for Economic Research

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