Mises Daily
Author:
K.Y. Leong
Online Publish Date:
Disruption, high prices, and dislocations of all sorts have led to call for a new “energy policy.” Let us consider the case of Indonesia, which has an energy policy of an unusual sort. As the Sunday Times of Singapore reported on September 4, 2005: “Jakarta subsidizes heavily the cost of fuel for ordinary Indonesians and faces a subsidy bill of as