I just had a brilliant idea (hey, most of the times I’m humble)...
You know the way you have to have an Environmental Impact Report (EIR) before you can undertake any significant development project? Well I think we should require an EIR (ECONOMIC Impact Report) for any government program. And a requirement must be to follow Henry Hazlitt (”Economics in One Lesson”) guidelines in analyzing them, wherein a detailed study of the consequences is undertaken. It should aim to spell out who loses, who gains, how much and what’s the net effect. Like the environmental report there should be a review and comment period by the public before it gets voted on.
The CBO does some rudimentary study like that today but it can be ignored - moreover, the review and approval process is not the same.
Well I think we should require an EIR (ECONOMIC Impact Report) for any government program.
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How much energy is used to produce a new car? I wouldn’t be surprised if the environmental impact of this program is negative in that it increases energy use.
Destroying wealth, adding cost to poor people, taking away tax dollars to states and local governments. Good thought out move by the democrats central planning committee. Wonder what the central committees ten year plan is.