What an amazing headline this morning over in Vox’s timeline:
Restricting demand for fossil fuels means costs to consumers. It's time to consider restricting supply. https://t.co/9BKRpOCQOX
— Vox (@voxdotcom) April 5, 2018
And by amazing we mean “economically ignorant”:
What an economically ignorant headline. https://t.co/LNsrHdiRGz
— Jonathan H. Adler (@jadler1969) April 5, 2018
As everyone knows:
Restricting supply…IS ALSO A COST TO CONSUMERS.
Someone didn't take economics in college, did they? https://t.co/oPVH5TcpgP
— Pradheep J. Shanker, M.D., M.S. (@Neoavatara) April 5, 2018
Restricting supply also means…costs to consumers.
Y’all need to take Economics 101. https://t.co/7TUmIYP9nf
— Amy Curtis (@RantyAmyCurtis) April 5, 2018
Maybe the headline writer missed the first day of Economics 101 when this was covered?
Here's today's installment of Economics vs Vox. https://t.co/d1zRTnUNXX
— It wasn't meh (@RightAllTheTime) April 5, 2018
Breaking: no one at Vox took an economics class https://t.co/Q1ZbjrSGoW
— Ryne (@R3aLMcCoY) April 5, 2018
Or maybe this is some new headline design to get click?
It's almost like "come see our economic illiteracy" is the clickbait angle. https://t.co/YNIJbTUNGK
— Holden (@Holden114) April 5, 2018
Anyway, the argument once you click past the headline — summed up in this tweet — doesn’t get much better: The consumer ALWAYS gets hit:
Supply side policies are like "keep the oil in the ground", which hit Big Oil first
Demand side policies are like carbon prices, which affect consumers first
Heavily relying academic language by the author perhaps led to this confused tweet — but the piece is worth reading https://t.co/3wQ8vPSBQ7
— Kate Oh (@kathoh) April 5, 2018
This would eventually switch consumers to green energy:
Green energy is so popular, cost efficient, and moral! that we must cut off your access to fossil fuels to make you buy it. https://t.co/8fCD9bmOT4
— David Harsanyi (@davidharsanyi) April 5, 2018
Which costs more:
I feel like restricting supply is gonna increase costs *more* https://t.co/dMRi26ford
— Noah Smith (@Noahpinion) April 5, 2018
And we know how this all ends:
It always starts with chin stroking in coffee shops, and ends with people starving and freezing to death because one of the chin-strokers knew how to run their lives better than they did. https://t.co/rWqCkGYBC1
— Mr X the Ever-Living ?? (@GlomarNeverDies) April 5, 2018
Central planning always works well. https://t.co/29B344tFgg
— Andrew Stuttaford (@AStuttaford) April 5, 2018
Welcome to Voxlandia!
People like this should be given their own small country to run just because its rapid death spiral would be hilarious. https://t.co/rAtEo1So0Q
— Doug Powers (@ThePowersThatBe) April 5, 2018