28 Apr '17, 11am

Notes from the Solar Underground: US Solar’s Smoot-Hawley Tariff Act https://t.co/u1egT1NAt5

Notes from the Solar Underground: US Solar’s Smoot-Hawley Tariff Act https://t.co/u1egT1NAt5

There is nothing new about protectionism just as there is nothing new about aggressive pricing for market share, dumping of overproduction at low prices and the cascade of unintended consequences of government intervention on markets. A free market is precisely what the word free implies that is, market prices and the choice of goods are set by the interactions of market participants. Under this definition, there are few, if any, free markets in the world. Governments intervene to subsidize or incentivize production of goods and the acquisition of goods. In the U.S., farmers sometimes received subsidies not to produce under the assumption that over production would lead to a price collapse. Electricity rates in U.S. states must be approved by state PUCs. Subsidies provide affordable housing for poorer populations. Pick a market and you can find a government incentive, subs...

Full article: http://www.renewableenergyworld.com/articles/2017/04/note...

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