Katherine Mangu-Ward: Feds Pay $10M For $50 Light Bulb

Government's attempt to provide cheap green lighting. In 2007, when Congress passed legislation that would gradually ban old school incandescent light bulbs, they added a carrot to the pile of sticks: A $10 million dollar prize to encourage the development of a cheap, green, domestic light bulb to replace the dearly departed Edison model.  ... MORE