Posted tagged ‘Subsidies’

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Electric Car Sales Crash Into Economic Reality.

April 2, 2013
Who Killed the Electric Car?

Who Killed the Electric Car? (Photo credit: Wikipedia)

THE  REALITY OF THE CONSUMER.

Electric car sales prove once again that consumer decisions in the market trump the President’s, and Government’s, attempt to force their utopian desires on people. Just because a person with power decrees that certain thing’s should be produced, doesn’t mean that they’ll be magically sold once they enter the market. Many an entrepreneur’s great ideas have turned to failure because, in the market, the consumer has veto power over every brilliant idea, and the “special”  brilliance of Government planners is no different.

THE REALITY OF PRICES AND COSTS.

There are three ways that Government can guarantee that electric cars will be purchased. (more…)

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Categories: Econ. 101
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A Look Behind The Curtain At The Fiscal Cliff Political Theater, The Joke’s On You!

January 3, 2013
Pickpocket Macro May 24, 20101

Pickpocket Macro May 24, 20101 (Photo credit: stevendepolo)

In a previous post, Fiscal Cliff? or Political Theater? I said, “The fiscal cliff political theater being preformed on the Washington D.C. stage is just that, a performance. It is not being performed for the benefit of the audience, it is being performed for the benefit of the actors. 

I should have said, “the political actors, the politically connected, and the media” because all of them benefit at our expense. We have to understand this joke, known as the fiscal cliff, is on us. While we were watching this political theater, the back stage workers were in the parking lot breaking into our cars stealing whatever they could, and were also picking the pockets of the audience during intermission. (more…)

Categories: Government and Politics
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Green Energy Proving Venture Capitalists are Smarter Than Government Bureaucrats.

September 30, 2012
President Barack Obama, with Assembly Manager ...

President Barack Obama, with Assembly Manager Teri Quigley, drives a new Chevy Volt, during his tour of the General Motors Auto Plant in Hamtramck, Mich., July 30, 2010. (Official White House Photo by Pete Souza) (Photo credit: Wikipedia)

Robert Bradley Jr. in an article titled Electric Car Verdict: Another Government Subsidized Bust, at masterresource.org writes, “When government tries to pick losers and winners, it typically picks losers. Why? Because in the free market consumers pick winners to leave the losers to Government.”

Another reason Government can’t out perform the free market is because it doesn’t have a tenth of the knowledge that exists in the free market. Also, in the market, the individual who risks knows he takes the loss if he is wrong. When the Government picks a loser (more…)

Categories: Econ. 101, Government and Politics
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