International Investing

“The issue is always the same: the government or the market. There is no third solution.” - Mises
This chart from this weeks Economist says it all:

Clearly, in the absence of taxpayer subsidies, clean-energy is a boondoggle. Without generous tax credits, production plummets. Unfortunately for the taxpayer it never goes away completely.

So called “clean energy” is a pork-barrel game the politicians play to look good but has no place in economic reality. Of course they can give generously to support the environment, it’s not their money!

The Economist says it clearly, “Yet clean-energy investors are gambling, essentially, that governments and the taxpayers who fund them will continue to spend lavishly on the industry.”

One possible reason to invest is that since your tax dollars are paying for it you might as well try and get some benefit!