"It doesn't matter how beautiful your theory is, it doesn't matter how smart you are. If it doesn't agree with experiment, it's wrong." Richard P. Feynman
Tuesday, March 29, 2011
Garnaut - More Bureaucrats Will Keep Power Prices Down!
And this bloke purports to be an economist! Ross Garnaut , expert in everything from Global Warming to Power Generation thinks a new committee will reduce energy price increases - jet flight paths will have to change to avoid the proliferation of aerial porkers we expect at the same time. I recommend Garnaut study the Deadweight Ratio before he adds to the burden of useless bureaucracy on the backs of Australian workers. This brilliant fellow proposes we tax the power generators out of existence and then we generously intervene with a loan to keep them going. The simple idea of not taxing them in the first place seems to have escaped him.