Rank Innumeracy On The Cost Of Electricity From Renewables
/A recurring theme here at Manhattan Contrarian is that the “smart” people who seek to run the world are not really very smart.
They may have gotten high scores on the SATs, and they may have attended fancy universities, but when it comes to practical knowledge of how the world works they are often complete idiots.
A special case of this phenomenon is that the highest gurus of high finance — the people who are most trusted to have mastered basic numeracy, and who get to pass out trillions of dollars of public funds — are completely innumerate.
As obvious as the conclusion of increasing electricity prices may be, our government, represented by EPA and the Justice Department, either claims, or pretends, not to recognize that conclusion. Could seemingly smart people really be so dense?