If our challenge is “change,” we might do better by turning to America’s strength in financial services rather than its relative inexperience in centrally directing resources.
Confronted with social problems, we often call for policy solutions. Problems are not always problems, however. Sometimes they are natural facts, and resistant to human made laws.
With private investment in green energy down 34 percent between 2011 and 2012, proponents of subsidies for R&D struggle to make their case.