The brilliance of Jeffrey Tucker of the Mises Institute is on full display in his take on the Obama administration’s decision to suspend consideration of applications to drill in the Arctic:
Everyone knows that the Obama administration’s decision to suspend consideration of applications to drill in the Arctic is driven by political considerations, some attempt to “respond” to the BP mess in the Gulf. But what strikes me as just how willy nilly the state acts toward the goods and services that fuel civilization itself. The decision makes us all poorer on the margin, increases “dependency” of the U.S. on foreign oil, drives up prices, and sets back social advance in every way – all in the name of some random attempt for one guy to appear “strong” and “act” in the face of an accident. It’s rarely been more obvious, day to day, that the machinery of the state, while pretending to be the caretaker of mother earth, only destroys hope for real human beings.