Friday, April 13, 2012

Another Industrial Policy Lesson

The New York Times reported in 2011 that another government supported clean energy firm is facing financial difficulty. Remember, firms that get these types of government support (government backed loans) already have a cost advantage in lower cost financing, and are still having difficulties financially. Hence the need so would say for the government intervening, while others would advocate the reason not to intervene in the first place.

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