12/07/2017

Newest Thing That Contributes To ‘Climate Change’: Bitcoin

William Teach, Right-Wing News

If it isn’t one thing, it’s something else. The Cult of Climastrology will always find new things to link to their cult-like beliefs. Some things will be affected, some things are contributors

(Daily Caller) Bitcoin has caught the attention of liberal writers who argue the digital crypto-currency is contributing to global warming.

Vox and The New Republic (TNR) have pieces out highlighting the massive amounts of energy it takes to mine Bitcoins, most of which comes from fossil fuels. Most Bitcoins are mined in China, fueled by cheap coal power.

TNR’s Emily Atkin wrote that “Bitcoins are contributing to the warming of the atmosphere without providing a significant public benefit in return,” adding “[w]e only have 32 years left for carbon emissions to peak and then rapidly decrease, if our planet is to remain livable.” (snip)

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In Search Of History

4,000 Years Of Price Control

Tablets, said to be 200 years older than the Babylonian Code of Hammurabi ... show that the ancient kingdom of Eshnunna had wage control and price control. The news ought not to have come as a surprise. For the code of Hammurabi itself (unearthed in 1902), which was promulgated earlier than 2000 B.C., fixed prices, wages, interest rates, and fees. This makes price control at least about 4,000 years old. ...

 

Ironically, it is those who now wish to return to this ancient totalitarian device who are fondest of calling themselves “progressives.” They are also fond of saying that those who believe in economic liberty “are living in the nineteenth century.” These controlists have yet to learn that they themselves are still living, as the discoveries in Babylonia attest, in the nineteenth century—B.C.!

-- Henry Hazlitt,

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