worthwhile to OPEC. Indeed, it is implicit that had the United States pursued a policy of economic freedom with respect to energy production over the last thirty we have created for OPEC to the extent that our laws and regulations prohibit the competition of American energy producers; second, the fact that the economic policies
in order to arrive at a rational judgment of its nature. Destructionist government policy has increasingly restricted the supply of electric power in California and few or no new coal, oil, or hydroelectric power plants built. Indeed, government policies have caused existing plants of these types to be dismantled. In California, to operate, and would quickly be plunged into unprofitability if exposed to the competition of other types of power plants. Moreover, the government-caused
capitalism. In addition, they believe that money is the root of all evil and that competition, is “the law of the jungle” and “the survival of the fittest.” Economic purpose of bringing order to what would otherwise allegedly be chaos, now urges a policy of laissez-faire —out of respect for natural harmonies. Of course, it is not a
What is the Mises Institute?
The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.
Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.