AGENERGY said:What is needed is rationalization of Government policy in the form of taxes, subsidies, and tariffs to reflect current market realities. Reduce taxes, subsidies, and tariffs that introduce political bias and interfere with free market allocation of these resources and you will see some immediate changes relative to ethanol, biodiesel, sugar, corn syrup, and food costs that I suspect would yield better outcomes over the long run. Incentivize energy effeciency through tax credits for renewable energy technology, energy efficient technology in homes and transportation, and R&D at levels that deliver shorter return on investment timeframes for individuals and businesses and loose free market forces to change energy markets. Aggressive unapologetic domestic energy development is also needed to increase supply suffcient to sustain economic growth and market evolution toward new energy sources.
Long live free people and free markets. Long live the profit motive.
I agree with most of those actual points. But just so we don't fool ourselves, they have nothing at all to do with free people or free markets. They are an attempt to wean us from a fuel base which appears to be slowly running out and which the supply of could be unstable. They are an attempt to grow domestic industry (although the tax credits apply to Chinese made solar also). They are an attempt to highly REGULATE markets, which is the opposite of FREE.
I'm not arguing for free markets since I think there is no such thing. I agree with AG that we have to do a number of radical things....and that some will be right, and some will be wrong. BUT, as with any decent business decision, if we have a high % of knowing something is wrong before we start up that road, shift the money around to the right places.
"Free market allocation" was what is known as the gilded age in this country. It was also known as the age of the Golden Rule, that being "He with the most Gold - Rules".
The enclosed pic shows what people do with their "free allocation"....of course, this house was only used 2 1/2 months out of the year. The family had many others.