The National Association of Broadcasters and the Recording Industry Association of America are lobbying Congress to have the government require that FM receivers be built into cell phones and other portable electronics devices.
The squandering of resources that would required by this proposal, should it become law, would not be as visually striking as 20 miles of railroad track filled with unused lumber cars, but would be real nonetheless.
How much of America’s economic output and growth potential is being wasted on politically-driven but economically-irrational subsidies of one kind or another? The number would be hard to calculate, but it is surely large, and certainly growing very rapidly.
Related: Apparently, more than half of Britain’s wind-power farms have been built in places where there is not enough wind. Anyone want to bet that there is nothing similar happening here?