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Well, I think that the most objective test is a market. Efficiency only matters if we know what the goal is, and we don't. Why are electric cars the correct out
by mwsherman 15y ago
Well, I think that the most objective test is a market. Efficiency only matters if we know what the goal is, and we don't. Why are electric cars the correct outcome, a priori? Our choice of electric cars as a goal is instinctual.
This is why we have ethanol subsidies. We "knew" the right outcome and tried to make it so.