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Unleash Prosperity Hotline
Issue #836
08/15/2023
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1) Is It Time to Ban Lithium Batteries?

We ask that question only half-kiddingly.  

So far this year, there have been more than 100 lithium-ion battery fires in New York City, which have injured 66 people and killed 13. One recent fire at an e-bike shop killed four people and left two individuals in critical condition. The fire commissioner warned New Yorkers that "such devices could be very dangerous and typically explode in such a way that render escape impossible." Once started, these fires are “difficult to put out.”

Lithium battery fires from E-bikes and electric cars have caused more fatal fires than cooking and smoking in New York City.
 
Fire from e-bike lithium battery collapses NY building - (Not Credited)

Now let’s be honest: 13 deaths in a city of six million people is hardly an epidemic – and regulations should always be based on a cost-benefit calculation. 

But, cmon man!

The same scaremongers on the left who have banned diving boards, gas stoves, plastic straws, fireworks, and so on have no problem with people dying or suffering critical injuries from electric battery fires.

Electric batteries are more dangerous than the Chevy Corvair – the car that gained Ralph Nader notoriety back in the 1960s when he helped ban it, despite only a handful of deaths. Maybe Nader needs to write a new book about EVs: “Unsafe At Any Speed, the Sequel.”

Or consider this: more people have died in just one city from lithium batteries in cars and bikes than all the people who died from the Three Mile Island nuclear plant. Yet, new nuclear plants have been effectively banned – while many thousands of Americans may die from electric vehicle fires if the left has its way and forces all new cars to run on battery.  

How many American lives have to be sacrificed in front of the altar of green energy?
 
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2) CTUP Senior Fellow Casey Mulligan: Biden’s The Costliest Regulator Ever
 


The Biden Administration has already unleashed more regulatory costs on the economy than any in recent memory—even the Obama Administration. Mr. Biden first repealed the Trump Administration rule that for every new regulation, two had to be repealed.

Then his regulators went wild. Casey Mulligan, a University of Chicago economist, recently looked at the Biden rules through 2022 and said the overall cost is $5,019 per household. That’s 15% more than the $4,353 cost per household during a comparable period in the Obama Administration. The Trump Administration had reduced regulatory costs by $2,636.


As a refresher, here is one of the most important charts from Casey's study:
 

Read the whole CTUP study here.
 
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3) New Evidence That EV Trucks Don’t Work

With the Biden administration on a fast track to banning internal combustion engines and many states wanting to ban diesel fuel, the latest MotorTrend review is bad news for anyone thinking of buying an electric truck:
 

Before you hitch an Airstream to your electric truck and set out to circumnavigate the country, you need to understand this: With the largest available battery pack, a fully charged 2022 Ford F-150 Lightning electric truck has less energy onboard than a regular F-150 with four gallons of gas in its tank.

Ouch.
 
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4) Is It Worth It?

We know our readers are quite divided on the topic of Ukraine aid, and we are not national defense experts by any stretch of the imagination. But we do worry about the exploding federal budget and debt. So we will let you decide for yourself whether this new study from the Heritage Foundation makes you wonder whether this money has been well spent:

US Aid to Ukraine Amounts to $900 Per American Household
  • Congressionally approved aid for Ukraine has cost each U.S. household hundreds of dollars. The formal aid packages alone amount to a staggering $113 billion – roughly $900 per American household.
  • After returning from their August recess, some members of Congress want to provide more funding for Ukraine in a bill providing hurricane relief for Americans.
  • As the war in Ukraine becomes a prolonged conflict, Americans are rightly growing skeptical of sending more money and weapons from our depleted armory with no accountability
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5) Steve Forbes on the Green Energy Canard

Here’s the latest video from CTUP Co-founder Steve Forbes.  Make sure your kids watch this!
 
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6) My Body, His Choice
 

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