"The U.S. government last year announced a $10 million award, dubbed the L
Prize, for any manufacturer that could create a green but affordable
light bulb... Now the winning bulb is on the market. The price is $50."
The target price was $22, but they settled on a $50 bulb. Does that sound
like a government program?
Christopher A. Young
Learn more about Jesus
But check Amazon and other on-line retailers. The $50 drops to around $30.
You're also paying a premium for the L-Prize name magic. Choose GE's
version which has the same ratings, dimmability and warranty and save
40-50%. Check out http://store.earthled.com/ for Energy Star LEDs all of
which have warranties.
From HeyBub's link:
"Energy legislation signed by President George W. Bush in 2007 introduced a
ban on inefficient incandescent light bulbs, covering traditional 100-watt
bulbs this year. Sales of traditional 75-watt incandescents will be
prohibited next year, and 60-watt incandescents will go after that."
Silly idea. Your idea, taken to its logical conclusion, means that one
should buy only those things produced by one's neighbors on the same block.
I remind you, once again, you should study one of your countryman's
contribution to economics: "An Inquiry Into the Wealth of Nations," by Adam
Smith. In a nutshell, he said a country should produce what it can produce
best and most cheaply, then trade with other nations. To be self-sufficient
in all things is a fool's errand and guaranteed to produce ruination.
If I give you five dollars for a tool, it's because I have more dollars than
tools. You accept the trade because you have more tools than dollars. We
both leave the transaction wealthier than before we entered into it.
The same for nations.
We sell a Boeing 737 to Japan Airways because their dollars are worth more
to us than the airplane. Likewise, to the Japs, the airplane is worth more
than the dollars used to buy it. Both nations are wealthier as a result.
The flaw in your reasoning is that you ignore the fact that Adam Smith
assumed a fair competition, a level playing field, and wrote before
unions were strong and raised the American worker's benefit package to
well above the slave labor wages still paid today in the far East. You
shouldn't directly apply pre-20th macroeconomics to 21st century conditions.
Add Milton Friedman quote I just copied from Facebook:
"Nobody spends somebody else's money as carefully as he spends his own.
Nobody uses somebody else's resources as carefully as he uses his own.
So if you want efficiency and effectiveness, if you want knowledge to be
properly utilized, you have to do it through the means of private property."
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