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Quotation of the Day…

… is from page 138 of the 18th (2013) edition of Roger LeRoy Miller’s, Daniel Benjamin’s, and Douglass North’s book, The Economics of Public Issues (link added; original emphasis):

In the last decade or so, the federal government has poured tens of billions of dollars into “green” energy projects.  The results have neither noticeably reduced our dependence on foreign oil, nor cleaned our air and water or pollutants.  They have not even made a dent in the atmospheric buildup of greenhouse gases.  What we have​ accomplished by using up all of these scarce resources on solar, wind, and battery power is a convincing demonstration that while green energy may make for great politics, it also makes for lousy environmental and economic policy.