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If there was a lesson from covid, it's that governments need to step in where markets fail--markets aren't interested in maintaining a strategic n95 mask (or oi
by dehrmann 5y ago
If there was a lesson from covid, it's that governments need to step in where markets fail--markets aren't interested in maintaining a strategic n95 mask (or oil) stockpile. Government subsidies on fossil fuels, like subsidies on food production, should be seen as "buying" stability and resiliency. This doesn't mean green energy shouldn't be subsidized at more dollars per watt (or mile) than oil, just that oil subsidies still have a role.