All Circuits Misloaded

by William Yeatman on September 27, 2007

We’ve been hearing a lot about Ronald Reagan from the Republican presidential field of late, but there is little trace of him in the position papers issued by the various campaigns thus far. Take energy. Whereas candidate Reagan proposed to solve the energy crisis of the 1970s by abolishing the Department of Energy, deregulating the energy sector, and letting free markets rip, candidates Giuliani, Romney, McCain, and the rest propose to solve today’s energy crisis with elaborate national energy plans, lavish subsidies for favored fuels and industries, mandatory renewable-energy consumption orders, and government dictates to manufacturers regarding how energy-related goods and services are made.

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