An article on the benefits of using economic prizes instead of subsidies as incentives for alternative fuel research appeared in Monday’s edition of National Review Online, an extremely right-wing publication.
Besides the fact that this is a good idea that economists have been increasingly talking about over the past few years, there are a couple additional take-away points:
- There are many people on the right who are sincerely interested in environmental progress and who are thinking seriously about the best ways to move forward.
- Being able to converse relatively proficiently about economics and market principles, not just acknowledgment of the problems, is the best way to create a bipartisan consensus on policy. People on the right will listen to these and often agree.