by Mitch Kokai
Senior Political Analyst, John Locke Foundation
The Laws of Economics are as immutable as the Law of Gravity, but few leftists grasp this fact. When it comes to the Democrats’ energy policies, I believe this immutability will finally be the Democrats’ downfall. People are reaching a pain point that the progressives can no longer deflect onto others.
Based on the progressive left’s detrimental influence on President Biden’s energy policies, the resulting accelerated inflation and energy-cost rise are very visible to average Americans. The administration acts as if there is no causal connection between the two. But what can we expect from people who work from feelings and not facts? Just like they are amazed when we defund police and don’t jail criminals and then crime rates spike. No connection.
One can postpone the fatal effects of violating the Law of Gravity by jumping from a high building (as opposed to jumping from a low one), but that postponement lasts only until the instant one meets the pavement. Believing you can fly by flapping your arms still ends in disaster. Thinking one can control economies, prices, and the environment by violating the laws of economics is just as mad. I compare economics to a water-filled balloon. When you squeeze the economy’s balloon here, it must pop out over there.
We see this in the Law of Supply and Demand. Shortages initially result in price rises and inflation, and things get even worse. Demand will be filled one way or another. For the right cause, say a short-term need to defend the US against an aggressor to protect us, citizens do make sacrifices, as we saw in World War II with rationing. But sane Americans won’t do it for progressive, leftist, or Marxist authoritarian causes.