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« Filmmakers and Government Tax Credits - An Application of Milton Friedman's "Other Peoples' Money Hypothesis" | Main | Assorted Links on Beer »


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It occurs to me that while standard economic incentives are good at finding local minima, interventionist policies (these incentives, for example) might be needed to push industry/society "over the hump" to a better minimum. Utility scale wind power comes to mind as a energy production method that should be profitable soon (if it isn't already) that would not have been pursued had it not been for tax incentives.

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