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Unintended Consequences in Energy Policy

On the first day of every economics class I teach I start with The Ten Pillars of Economic Wisdom. This is a list I have put together of the ten most important principles in economics. Pillar number six is, “Every action has unintended consequences; you can never do only one thing.” U.S. energy policy illustrates [...]

2Mar2009 | David R. Henderson | 11 comments | Continued
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