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Feds Pay $10 Million for $50 Light Bulb

http://reason.com

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. 5 years later, that bulb is coming to a hardware store near you. It will cost you 50 bucks. It also fails to meet many of the original prize specifications.

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ZEUSLGN's picture
Created by ZEUSLGN 2 years 25 weeks ago – Made popular 2 years 24 weeks ago
Category: Regulation   Tags:

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