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Can Clean Energy Boost The Economy?
Can Clean Energy Boost The Economy?

AIR DATE: October 25, 2012

Experts say that clean energy, such as wind and solar, is good for the environment. But studies show it also can be good for our nation's economy. Brookings Institute scholar Adele Morris will take a look at how clean energy can boost our economy, and what states and local governments should be doing to build a clean energy industry.
Adele Morris, Brookings scholar
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    What's good for the economy is actually *efficient* energy (whatever form it may take), NOT *inefficient* (typically "green") energy. And subsidizing green energy is definitely not the way to make it efficient, for one immutable law of economics is that when something is subsidized, one gets more of it; in this case, one gets more inefficient green energy (i.e. tax subsidies remove all incentive to become efficient). Bottom line, spending any more on energy than the absolute minimum necessary is *wasting* money that would otherwise be invested in other individual or societal goods. So, from an economic point of view, there is absolutely no way that green energy is "good for the economy"; indeed, its inefficiency will do nothing but *decrease* our prosperity.
    Tom HurstOct 22, 2012 17:56:08 PM
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