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February 11, 2009

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Bryan Spondre

This is classic 'law of unintended consequences' stuff. Trying to protect the environment, assuming it needs protecting, via additional taxation reduces the resources available for developing more efficient technologies.

The Optimist

Hi Bryan - yes indeed. In fact it would be interesting to work out how much incentive private enterprise needs to develop these technologies. In my view they happen anyway when the market exists. In the view of environmentalists, you can force it through regulation. If you believe in economics rather than the tooth fairy, this must result in worse outcomes overall, as we sacrifice more important things to pay the environmentalist piper.

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