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…)
AUSTRIAN ECONOMICS ADDICT 