Is taxpayer money spent on Green energy hurting both the economy and environment? Well that’s the assertion of economists from the group PERC, who in a recent study found that for every $100 billion a government spends on so-called “clean energy,” that nation’s GDP is likely to decrease by nearly a half a percent. The researchers also noted that but for today’s historically onerous government regulations, each American should now be enjoying an extra $100,000 in his or her pocket. And what about the environment? Well, lowering regulation would also benefit it too, since the more money a nation has in its economy, the more money it can invest in environmental protection.
October 31, 2013 by Craig Rucker,
Craig Rucker is president and co-founder of CFACT.