Thursday, July 22, 2010

Quote of the Day

In light of the final death blow dealt to cap-and-trade today...
The kind of technological revolution called for by energy experts typically does not occur via regulatory fiat. We did not invent the Internet by taxing telegraphs nor the personal computer by limiting typewriters. Nor did the transition to the petroleum economy occur because we taxed, regulated, or ran out of whale oil. Those revolutions happened because we invented alternatives that were vastly superior to what they replaced and, in remarkably short order, became a good deal cheaper.
- "Second Life: A Manifesto for a New Environmentalism" by Ted Nordhaus and Michael Shellenberger. September, 2007.

No comments:

Post a Comment