Nuclear Power NOW!

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Unleash Prosperity Hotline
Issue #1152
11/25/2024
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1) Nuclear Power NOW!

This is a theme that we've been striking for years and we feel as confident as ever today.

The time is right for a nuclear renaissance. The incoming administration, from President Donald J. Trump on down, is pro-American energy independence. Nuclear power has to be part of the equation.

This chart shows the 40-year drought in nuclear plants coming online. We need to get back to building new plants so that we have the electric power capacity for the next generation of Artificial Intelligence and other uses that will tax the current grid capacity. AI will use three to four times as much energy as the internet. Nuclear (and natural gas) are smart and clean alternatives to spending hundreds of billions of tax dollars on wind and solar projects that are not scalable to meet those demands and avert brownouts.

Jack Spencer – an energy policy expert at the Heritage Foundation – has just published a fabulous policy manifesto on how we unleash (we love that word) a nuclear power renaissance in America.

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Spencer shows conclusively that "obstructive regulations at the Nuclear Regulatory Commission and anti-nuclear scare tactics from the left is what has inhibited this industry for decades." It's as if Jane Fonda (remember her in the movie The China Syndrome?) were running our energy policy.

Hollywood Killed Nuclear Energy
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2) Automakers Beg Trump to Keep EV Mandates

Here's a pathetic but not entirely unexpected headline:

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The car companies that have gotten used to serving politicians instead of customers want to keep the gravy train running with government mandates to purchase their government-subsidized electric vehicles.

We prefer this post-election message:

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In particular, these three Biden-era EV mandates should be repealed in the first 100 days of the second Trump term:
* The California Waiver that allowed a full ban on internal combustion engines in California and states that opt into its standards.

* The Department of Transportation CAFE standards (that by law are not supposed to consider alternative fuel vehicles, but do anyway!).

* EPA greenhouse gas rules under the 1970 Clean Air Act, a law never intended to regulate carbon dioxide emissions.

Trump has a clear mandate on this issue – and automakers whose business strategy depended on outlawing competition from internal combustion vehicles should be forced to adapt to the new reality as quickly as possible.

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3) How to Solve the Housing Shortage

We are "supply-siders" because we believe that solving almost all economic problems can be solved by increasing the supply and production of goods and services.

The housing shortage in America is almost all a result of government regulation. We are members of the Rational Optimist Society (because we are rational and we are optimists) and they have provided a good explanation ([link removed]) of how the government manufactured the current housing crisis in America:

It takes longer to build a house today than it did in 1971. Did we forget how to hammer nails or pour concrete? No. We let regulations get out of control.

In San Francisco, regulations add about $400,000 to the cost of building a single apartment. $400,000! Just to get permission to build.

The shakedown starts with a $50,000 environmental impact study that often takes 18 months--longer than it took to build the Empire State Building. Then comes the mandatory neighborhood meetings at $25,000 each.

California wins the gold medal for regulatory madness. But New York, Boston, and Seattle aren't far behind...

Well, homes haven't gotten more expensive to build. Construction costs, adjusted for inflation, have barely changed in decades. It's the regulations.

We know this because, in America, most housing regulations are local. Some places still let builders build. Take Austin, Texas. It's green-lighting new homes faster than any major city. Rents dropped 7%+ in the past year while prices soared elsewhere.

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It's not rocket science. Just let builders build.

One estimate suggests housing prices would drop by half nationwide if we simply let builders build until prices fell to near actual construction costs. Imagine cutting your biggest expense in half.

But the real gain would be a human one. My wife has thoughts on why people have fewer kids these days. "A bird doesn't lay eggs without a nest," she says.

In other words, build more homes and Americans will have more kids!

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4) Florida Wins and New York Loses – Again

This headline from a news release from the Bureau of Labor statistics on firm relocations tells the same old story:
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Over the last 30 years, Florida has generally been a top recipient of firms moving from one state to another. Over the same period, New York has lost the most firms to migration.

Florida has one of the lowest business taxes and New York has among the highest. It's like a law of physics. Water flows downhill.

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5) So You Don't Think There's Any Bloat in the Federal Bureaucracy?

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Can someone please tell us what "climate diversification" means and what an officer in this department is supposed to do?

The first thing Trump and Elon should do is eliminate any federal office with "diversification" in the title. Biden created thousands of these positions.

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6) It’s An Outbreak!

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