Subsidizing the Auto Industry Means Sacrificing Others
12/9/2008 - Business and Media Institute by Donald J. Boudreaux
[edited] It is impossible to know if the future benefits of electric cars are worth what could be lost by subsidizing them.Perhaps resources artificially forced into advanced-battery development would otherwise have helped cure cancer, or encouraged development of more fuel-efficient jet engines, or deployed to keep millions of retired Americans more financially secure. Neither Neil nor Uncle Sam can know the value of what would never be created as a result of subsidizing unprofitable production in Detroit.
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