The president is expected to formally announce this week that the U.S. will exit the Paris climate agreement, a move that will have negligible impact on the environment but will have major benefits for the U.S. economy.
The Paris climate agreement was deeply flawed from its start. It was legally and constitutionally suspect, based on politics rather than science, and contained unrealistic goals. It promised not only a dramatic expansion of the administrative state and a huge increase in the regulatory burden on American businesses, it threatened to put the brakes on U.S. economic output at a time when most economists think the U.S. will struggle to achieve even a meager two percent growth. -- More...