Here's why Rick Perry's proposed subsidies for coal completely fail Economics 101

By Maximilian Auffhammer, Pardee Professor of Sustainable Development, University of California, Berkeley and Meredith Fowlie, Associate Professor of Economics, University of California, Berkeley. Demolishing the coal-fired R.E. Burger Power Station in Shadyside, Ohio, July 29, 2016. PROFirstEnergy Corp., CC BY-ND In a controversial proposal, Energy Secretary Rick Perry has asked federal regulators to effectively subsidize coal…