In the past few days, Americans learned how important functioning credit markets are to the health of the economy. In the next few years they will learn how important an adequate electricity system is as well. It will be a similarly unpleasant revelation. Democratic vice presidential candidate Joe Biden's rejection of coal plants during a campaign stop in Ohio this week - the bumbling Biden even claimed, erroneously, that the Obama ticket was "not supporting clean coal" - is being treated as a gaffe. But it wasn't, really. Biden's attitude precisely reflects a growing consensus among politicians on the environmental...
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