bowman steam locomotives

When tractors were first developed, they used enormous steam engines that were notoriously unreliable and hard to maintain. These were phased out around the turn with the twentieth century and substituted for internal combustion engines which were smaller though powerful and ran on a number of fuels including kerosene, ethanol and gasoline. By the 1960s several of these engines were phased out and only more effective internal combustion engines that ran on diesel and after this, biodiesel. It is clear that these two perspectives are going to draw swords against the other frequently. Although most people agree that efficient financial markets are best for everyone, the steps that government have to take to have there often run counter for the microeconomic interests of business. Sometimes a merger should be blocked to foster competition. Sometimes disclosures must be legislated to ensure consumers will make informed decisions. And sometimes certain activities should be regulated or prohibited to ensure that some are certainly not financially harmed by others.