On March 12, the Environmental Protection Agency underwent its “greatest day of deregulation,” relaxing or reconsidering 31 major rules from power-plant and vehicle emissions standards to oil-and-gas methane limits.
The goal of the EPA should be to cause producers of negative externalities to act as if those externalities were being Pigou taxed. What else?
In an economy as rich and developed as ours, I doubt that very many externalities are confined to state lines.
The goal of the EPA should be to cause producers of negative externalities to act as if those externalities were being Pigou taxed. What else?
In an economy as rich and developed as ours, I doubt that very many externalities are confined to state lines.