Rewarding Private Investors at Public Cost

Vinod Khosla wrote a feisty defense for Range Fuels in the Wall Street today.  He argues that the government provides hidden subsidies to the fossil fuel industry that tilt the playing field in favor of the incumbents.  Instead, the government should be supporting innovative solutions that are going to provide more competitive and sustainable solutions.  Though the argument may have some merit, it skirts a more important question: When is the right time for the government to step in, and how does it ensure fairness in its selection process?

You can continue reading the story and analysis at WAVE's blog site