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Biden’s Black Swan: New Oil Leasing is Bound to End in Disaster

by Taylor Lange

The USA is well acquainted with disastrous crude oil accidents. Eleven years ago an explosion on the Deepwater Horizon oil platform killed 11 workers, injured 17 more, and discharged roughly 4.6 million barrels of oil into the Gulf of Mexico. The incident cost BP more than $65 billion to clean up, destroyed thousands of acres of ocean reefs, and killed thousands of marine animals. Just over two decades prior,


The Poison Beer of GDP

By Herman Daly

Disaggregating reported GDP growth to reveal the differences in growth by income class, as per the Schumer-Heinrich Bill, is a good idea. After all, telling us, say, that average income grew by 4% is not nearly as informative as telling us that the richest ten percent received the entire growth increment while the bottom ten percent suffered a decline in income.