Subsidize, Over-Produce, Subsidize, Repeat…

See if this sounds familiar.

Government creates a subsidy for a favored industry.  This attracts more businesses than the market can support.  The subsidies are used up and industry cries “Waaaaaah!  Save us!  We need more subsidies or we’ll go out of business.”  The taxpayers get soaked in the beginning and soaked in the end.

Could be housing.  Or Amtrak.  Or Agribusiness.  But this time it’s solar.

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