obsession with handicapping and eliminating America’s own fossil fuel industry, a policy meant to optimize a desired outcome fails, resulting in all new negative the market. The solution, it follows, is more intervention—stunting all possible innovation that might have sprung from other producers attempting to provide a
And sometimes doing better means making sure that different laws and public policies from those that actually became part of our history would have had to be happen, think again: This is mostly myth. If we look at the great moments in innovation, the developments that changed everything, we almost always find that the Eisenhower and the interstate. No one can reasonably dispute that this federal policy gave a very serious boost to the automobile and in the process suppressed,
fossil fuels are going to be used more in the future, even if some of the bad policies get passed. And part of what I’m arguing is that we shouldn’t pass those bad moral goal, or you can think of it as a vision, and then you need a positive policy to get there. In part 4 of the book, I talk about the policy of energy people. AE : Interestingly, you guys have picked up on two of what I would say are innovations in the book. In clarifying the issue of fossil fuels, there is how to
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The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.
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