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Democracy & Technology Blog Energy Ignorance

Yesterday, CNN broadcast yet another program about the “energy crisis” and speculated about the events that could lead to more than a crisis — a nightmarish energy catastrophe — in 2009. But without the faintest understanding of why oil prices are high today, all these analyses, prognostications, and alternative energy schemes are worse than useless. They are dangerous.
See my article on the crucial link between oil and monetary policy — “The Elephant in the Barrel” — in the Weekend Edition of The Wall Street Journal (sub. req.). Non-subscribers can go here for the full article.
-Bret Swanson

Bret Swanson

Bret Swanson is a Senior Fellow at Seattle's Discovery Institute, where he researches technology and economics and contributes to the Disco-Tech blog. He is currently writing a book on the abundance of the world economy, focusing on the Chinese boom and developing a new concept linking economics and information theory. Swanson writes frequently for the editorial page of The Wall Street Journal on topics ranging from broadband communications to monetary policy.