Friday, March 22, 2013

Reminder: That incandescent light bulb ban was not a good idea

Hot Air  "Why? Not merely because government directives might forcibly funnel consumer demand, investment, and R&D toward a product that really isn’t ready for mass consumption, but also because, no matter how great their intentions might be, the free market is always better than politicians at picking efficient solutions. The free market’s only bias is in appealing to people’s rational self-interest; i.e., if people figure out that Product A is more expensive or of lower quality than comparable substitute Product B, people will buy Product B."
Well duuuhhh. Only a government bureaucrat would fail to figure that out.

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