I Hope You Like Both Freezing and Broiling

April 25, 2023

by Karl Denninger Market-Ticker.org

And let’s not forget who’s responsible for this either: The so-called “Inflation Reduction Act” which every single person in Congress should be personally held responsible for, including their entire genetic line.

The EPA is about to issue a monster rule that essentially requires the capture of all CO2 emitted by power plants. This is impossible to do at any economically-reasonable cost. It will force up power prices dramatically and likely force offline many natural gas power plants, along with all the remaining coal-fired ones.

This in turn will make your “much loved” electric car much more expensive to fuel since of course you have to plug it in, destroying any alleged “advance” it has in operating cost (which I’ve gone over before, and is a lie to begin with.)

This comes after the EPA attempted to issue such a rule in the past and the Supreme Court ruled that CO2 was not a pollutant and thus outside the EPA’s remit, as the Congress had not granted it the power to do this. The Inflation Reduction Act specifically included the power for the EPA to do this, which is why every single sitting Congressperson and their family deserves to be held personally responsible for every bit of economic harm this will bring to both families and businesses — and it will not be small.