Markets

Answering a challenge from a discussion with friends, wherein it was pointed out that, as a champion of free markets, I had never cited an example of regulation I favored:

I don't like CAFE regulation, not as it's practiced, but not because it's undue interference in the market--it's not.  I disagree with Ed Wallace (author of link below) as often as I agree with him, but he makes disagreement hard as his facts are nearly always impeccable--I have to search very hard to find the bits and pieces he might miss, if he does at all (and then I have no choice but to re-evaluate my position).  Does a great bit on his radio show called the Backside of American History.

FWIW, Ed and I agree on what the flaws in CAFE are as well and they have to do with the loopholes that avoid the regulation (for producing ethanol using cars primarily).

http://www.star-telegram.com/2011/07/22/3239807/the-battle-over-mileage.html