Walcher: We can govern ourselves, something our current regulators apparently no longer believe
By Greg Walcher | Guest Commentary
There is a famous story about Nobel Prize-winning economist Milton Friedman walking down the street with a friend. The friend stopped and said, “Hey, there is a $20 bill on the sidewalk.” The economist turned to him and replied, “There can’t be. If there were a $20 bill on the sidewalk, somebody would have picked it up.”
Friedman often taught that if something were in people’s best interest, they would discover and put it to use without having to be told or forced to do so. A Forbes economic writer named Tilak Doshi, a long-time energy economics analyst, wrote a great piece called “The Energy Efficiency Paradox,” in which he highlights the folly of governments around the world forcing consumers to make energy choices designed to save them money.
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