Word: conservationism
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Rev Up. Businessmen also suspect that they will be asked to bear the chief burden of Carter's anti-inflation policies, due out this week (see ECONOMY & BUSINESS), and his energy conservation program, which is expected to be announced next week. These fears are partly responsible for tumbling stock...
Under the plan, Detroit's beloved dinosaur, thumping its chrome-plated tail, is doomed for the swamps of extinction. The new plan will impose an excise tax on the purchase of large cars. Under consideration as a fallback plan is a gasoline tax, beginning with 5? per gal. and...
1) The program relies too much on federal direction, too little on the forces of the free market. Rule 1 in energy conservation is that while people may for a while obey presidential exhortations to set thermostats at 65°, they will not cut back on energy use in the...
By the same token, the prospective extension of price controls to intrastate gas is a bad mistake; it destroys that gas as a valuable yardstick of what the commodity really is worth in a free market. Since price is the quickest means for conservation, year-by-year increases in gasoline...
Meanwhile, the special interest groups will be doing their own lobbying. Since Carter's main plank will be conservation, the utility industry should be fairly pleased. Industry leaders are even willing to handle the home-insulation program, but only on the condition that it is entirely voluntary. The National...