Tag: Julian Simon
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Why Will Never Run Out Oil: Markets
Carpe Diem: Julian Simon, Power of Market Prices, Why We'll Never Run Out of Oil, Why Peak Oil is Peak Idiocy As resource economist Julian Simon taught us years ago, we never have, and never will, run out of scarce resources like oil because as a resource becomes more scarce, its price will rise, which…
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Economic Optimism? Yes, I’ll Take That Bet
New York Times: Economic Optimism? Yes, I’ll Take That Bet Five years ago, Matthew R. Simmons and I bet $5,000. It was a wager about the future of energy supplies — a Malthusian pessimist versus a Cornucopian optimist — and now the day of reckoning is nigh: Jan. 1, 2011. … Simmons lost. … It’s…
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Clear-Eyed Optimists
Wall Street Journal: Clear-Eyed Optimists The world is getting better, though no one likes to hear it. ………. I'm old enough to recall the days in the late 1960s when people wore those trendy buttons that read: "Stop the Planet I Want to Get Off." And I will never forget that era's "educational" films of…