Monday, August 30, 2010

Externalities

I thought this was a decent if imperfect piece at GreenTechMedia today. If nothing else it highlights once again the point that energy from coal has significant negative externalities that are not reflected in its price, full stop. It's a very simple point, but apparently not simple enough for the brain trust that scribbles editorials in the WSJ. Whether they don't understand simple economic concepts or whether they dissemble to advance an agenda, or both, is up for debate I suppose.

WSJ editorial is full of crap. Dog bites man. Open thread.