OP-ED: Lovers of Internal Combustion Engines Should Perhaps Be Nervous
RealClearMarkets – ICLE Academic Affiliate Levi Russell published an op-ed in RealClearMarkets on the prospects that the Biden administration or future Democratic presidents will attempt to phase out internal combustion vehicles. The full piece is available here.
Teaching the economics of innovation to college students isn’t a tough job. They understand intuitively that pro-competitive policy maximizes their ability to choose the best product for them. More options for consumers leads to opportunities to optimize their choices. If the cost of one option is too high, for whatever reason, consumers can choose something else.