Everyone responds to incentives
June 20, 2008
I found this link through Greg Mankiw’s blog. As an economist, I love him. As a political citizen, I have no idea how he could have worked for Bush.
The article is spot-on, up until the last point. I don’t love the biofuels movement, and won’t until it demonstrates itself as sustainable. At this point, we’re just looking at another commodity as a silver bullet. And one that isn’t as stable as oil, at that! I’d be with Honda on hydrogen power, if it didn’t cost over $100,000 to make a $50,000 vehicle.
Also, I toootally figured out how to make links! Learn something new every day!
