Keeping a Promise Isn’t Always a Good Thing (depends on the promise)

 

Usually, this blog is devoted to understanding external economic warfare. Of course, there can be internal warfare as well. Just consider the oath to defend the Constitution from “all enemies, foreign and domestic.” Likewise, enemies of our free market economy are not limited to foreign threats.

We are now witnessing a nearly complete economic assault waged against what was once a significant portion of our domestic energy industry. Essentially, coal is bankrupt, with the collapse of Peabody as just announced. This is not a shock. In fact, it was a campaign promise of then Senator Obama. Continue reading