Monday, January 31, 2011

A Good Idea? Or More Government Waste?

In markets that are inefficient (or are market failures), government can improve the market..."fix it", if you will.

While most actions are more self-serving for the politicians, there are some externalities (both positive and negative) government can fix.  And do.

Case in point, "green fuel" research conducted by the single biggest consumer of petroleum products in the world...the US military.

The goal is to fix a negative externality...but isn't it supposed to be efficient also

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