Sunday, October 07, 2012

Market Discipline

All of the costs and problems now being experienced in Germany due to its reliance on, and promotion of, renewable energy were always well known.  But only market forces could prevent them from becoming a reality, and of course the enormous German subsidies were and are meant precisely to blunt any market discipline.

Given that the large majority of Germans are vehemently for these policies, it's hard to feel sorry for them now.  Let's just hope that the British won't continue to follow them down the same path.

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