[797] in libertarians
once again, government treats the symptoms
daemon@ATHENA.MIT.EDU (damartin@volta.mit.edu)
Sat Mar 4 20:25:47 1995
Reply-To: damartin@volta.mit.edu
Date: Sat, 4 Mar 95 20:21:57 EST
From: damartin@volta.mit.edu
To: libertarians@MIT.EDU
> WASHINGTON (Reuter) - Low-income Americans in recent years
>spent a rising share of their income on heating and cooling
>their homes and three to eight times as much of their income on
>energy bills as did average households, according to a report
>released Tuesday.
> The study by the National Consumer Law Center Inc., which
>examined energy costs from 1988 to 1992, said for that time
>period, ``energy prices increased at a rate faster than the
>growth in the income of poor families.''
> Sen. Jim Jeffords, R-Vt., said at a news conference the
>report ``raises serious concerns about how low-income families,
>seniors and the working poor will be affected by proposals to
>eliminate funding for the federal Low Income Home Energy
>Assistance Program, while at the same time cutting back federal
>support for low-income weatherization efforts.''
It seems to me that it should raise serious concerns about how
government intervention in the power industry is stifling innovation
and competition, leading to a lack of efficiency growth in power
production.
-David
