January 23, 2018
However, where the Vox author and I should be able to agree is on the harm of government subsidies for electricity. For example, apparently there is a cottage industry in Bitcoin mining in Venezuela, because (a) the government-issued currency is in hyperinflation while (b) the government subsidizes electricity so that it is almost free.
So if the writers at Vox and other outlets want to join us in calling for smaller government (in this dimension), we welcome their support.
Originally published by the Institute for Energy Research
Robert P. Murphy is a Senior Fellow with the Mises Institute and Research Assistant Professor with the Free Market Institute at Texas Tech University. He is the author of many books including Choice: Cooperation, Enterprise, and Human Action (Independent Institute, 2015) which is a modern distillation of the essentials of Mises's thought for the layperson. Murphy is co-host, with Tom Woods, of the popular podcast Contra Krugman, which is a weekly refutation of Paul Krugman's New York Times column.