Opinion: The Green New Deal calls for a fully renewable electric power grid, and it is likely technologically impossible, writes Robert Blohm
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The Unrealistic Economics of the Green New DealThe Green New Deal would both combat global warming and create millions of well-paid jobs. But by combining these goals, the Democratic plan would be absurdly expensive and deeply partisan—and thus more likely to set back than advance the climate cause.
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Green New Deal: Republicans talk up climate change plan – but not because they like itGOP officials see the GreenNewDeal as a golden opportunity to bash Democratic economic policies, which they say will drag America toward socialism.
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Green New Deal Won’t Enjoy a Free Lunch at the FedAt the end of the day, the Green New Deal will face the same constraints that all such undertakings do: They can’t spend more than the economy can produce. Ignoring those constraints will either lead to inflation, a politically weakened Fed, or both.
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The Economic Case for the Green New DealThere is no silver bullet to address climate change, but history shows us that market approaches alone are not enough - public investment and other, more direct government action are necessary to provide an effective, robust response.
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