Economic lunacy abounds, and often the most learned, including Nobel Laureates, are its primary victims. The most recent example of economic lunacy is found in a Huffington Post article titled "The Silver Lining of Japan's Quake" written by Nathan Gardels, editor of New Perspectives Quarterly, who has also written articles for the Wall Street Journal, Los Angeles Times, New York Times, and Washington Post.
When someone is sold a bad bill of goods he may suffer from “buyer’s remorse,” a feeling of regret maybe even disgust — accompanied by a healthy dose of second-guessing of the buyer’s own intelligence — over the purchase. That feeling can be applied to all aspects of life. For instance, there is no doubt that the five-person committee behind the Nobel Peace Prize has been experiencing “voter’s remorse” for their selection of Barack Obama as the 2009 recipient of the award.
For years now environmentalists have been calling the shots when it comes to energy development in the United States. That’s why we don’t drill for oil where we know it exists in Alaska. That’s why an oil spill in the Gulf of Mexico has brought oil drilling in the Gulf to a standstill. In fact, President Obama has announced that oil is the fuel of the past without telling us what exactly is the fuel of the future.
A casual conversation at a cocktail party a little while ago almost turned into fisticuffs—something I haven’t experienced firsthand since the second grade. Let me tell you about it. But before I do, permit me to say that I’ve changed some of the names and details in what follows to protect the innocent — and my jaw.