01/30/07
A government program that is probably just fine -
Categories: De-Commoditization, Regulation -
twv
@ 05:04:19 pm
I don't argue against some EPA efforts, such as regulations that force coal burning plants to have scrubbers. Pollutants are dangerous. It may very well be that, had a common law approach to pollutants been adopted in America in the early days of the Industrial Revolution, we wouldn't need a government department like the EPA at all.
But such a system was not allowed to develop. Property rights and tort law were not allowed properly to respond to massive polluters, and so organizations like the EPA became necessary.
I wouldn't want to live in a world without coal plant scrubbers universally in place.
And scrubber technology has become so good, I'm told, that soon plants will be burning low-grade coal again.
Invest in low-grade coal. Invest in scrubbers. Support the EPA!
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