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On September 12, 2013, the Bush Institute will host a major conference on the topic of energy regulation and economic growth. In preparation, I have been reading: “Powering the Future” (Basic Books, 2011) by Nobel Prize winning physicist Robert B. Laughlin.
Dr. Laughlin argues that slowing our rate of carbon emissions is unlikely to reduce climate variation. Whether we exhaust carbon-based fuels over 50 or 500 years doesn’t matter when considered in terms of geologic time — according to Dr. Laughlin (page 8), any such time period constitutes “the bat of an eyelash as far as the earth is concerned.”
Dr. Laughlin’s argument suggests that environmental benefits from alternative energy subsidies (and regulations against brown energy) are much smaller than what is frequently assumed. If his argument is valid, and to the extent that subsidies and regulations weaken market competition, political support for alternative energy may be compromising both economic performance and environmental quality.
TARIFFIED: Trade Talk with Matthew Rooney
This week, trade relations between the U.S. and India are continuing to escalate. Earlier this month, the U.S. stopped granting India special trade privileges by taking away the Generalized System of Preferences (GSP) program, and India has responded by enforcing more tariffs of its own. The George W. Bush-SMU Economic Growth Initiative Director Matthew Rooney breaks down the trade conflict: For more information on trade groups and the global economy, visit www.bushcenter.org/scorecard.
How Trade Spreads Holiday Cheer
It is projected that the average American household will spend more than $1,000 during the holidays this year.
Deporting Salvadorans May Lead to Economic Decline
We should think carefully about a policy whose major impacts are likely to be reductions in employment and economic activity here at home, and increased instability and lawlessness along our borders.
Bush Institute's Laura Collins Talks Immigration on Good Morning Texas
Last week, Deputy Director of Economic Growth at the George. W. Bush Institute Laura Collins spoke with Good Morning Texas about immigration myths. During the interview, Collins had the opportunity to set the record straight and address common misconceptions about legal immigrants living in America today. The segment was inspired from facts released earlier this fall by the Bush Institute in the third edition of America's Advantage: A Handbook on Immigration and Economic Growth. Watch the full Good Morning Texas interview here.