In just two decades, the total value of the energy from fossil fuel extraction has plummeted by more than half.
Lance Selfa tells the story of the socialist writer's dramatic 1934 campaign to become governor of California -- and considers the lessons it holds for the left today.
Ravi Batra is a professor of economics at Southern Methodist University, Dallas. This article is based on his two books, "The New Golden Age" and "Greenspan's Fraud." His web site is ravibatra.com.