The upcoming energy infrastructure debacle

We have entered a bull market in state intervention and activism. The Reagan mantra that “less state is better” has vanished, vaporized by the pandemic of 2020, a war in the heart of Europe and the religion of “Net Zero.” Each one of these dynamics seems to demand more government, not less. And the federal government is taking a more proactive role in driving growth across various sectors. But alas, as renowned economist Milton Friedman once said, “The government solution to a problem is usually as bad as the problem.”...