Friday, September 30, 2011

 

Energy Subsidies

John Hinderaker:
Crony capitalism–in its full-blown version, national socialism–is always and everywhere a failure. You cannot create wealth by subsidizing the inefficient production of energy–a fundamental rule of economics that the Obama administration, sadly, has yet to learn.

Check out the chart in the post.

This page is powered by Blogger. Isn't yours?

Site Meter