Michigan Govenor Jennifer Granholm recently announced she was creating an energy department and naming an energy czar to pursue “alternative” energy and “create thousands of jobs.” But according to William Yeatman of the Competitive Enterprise Institute, the Governor’s priorities are misplaced: “Regulations that force green energy would boost business for politically favored alternative energy companies, such as manufacturers of solar panels. But at the same time, businesses that use large amounts of conventional energy would face decreased demand for their products and would therefore lose employees. In sum, a ‘progressive’ energy policy might create a net gain for Michigan’s green sector, but it would create a net loss for its economy as a whole.”

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