For the sake of balance, I’ll note that I agree with Ezra here: Expecting the government to anticipate promising new green technologies and direct dollars in the right direction is stupid and wasteful. Just penalize environmental externalities and let the market figure out the most efficient alternative. The latter policy is actually “pro-market”; the former merely pro-business.
Woo Regulation!
December 13th, 2007 · No Comments
Tags: Markets