ICYMI - Matthew Lau: Learn from The Simpsons and step back from the brink of economic insanity
Thursday marks the 25th anniversary of the original airing of The Simpsons’ season six finale, part one of “Who Shot Mr. Burns?” . Newsweek ranked part one as the fourth-best of all-time among nearly 700 Simpsons episodes aired to date. It’s almost certainly the most economically instructive.
Today, as politicians and activists plan to benefit certain sectors by artificially raising energy prices and imposing protectionist measures that harm consumers and taxpayers, we should, like the residents of Springfield, protest and get them to step back from the brink of insanity. “This is our opportunity,” Layton writes, “to chart a new course, a transformative path” to a lower-carbon, more government-controlled economy. But Canadian governments at all levels are now staring down combined deficits of over $300 billion, while rock-bottom oil prices mean forgoing fossil fuels is more expensive than ever. It is not clear, therefore, how the current moment is an “opportunity” for a Green New Deal.
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