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This is a good argument. It is also a basic economic argument about a market externality. https://en.wikipedia.org/wiki/Externality https://en.wikipedia.org/w
by startupdiscuss 10y ago
This is a good argument.
It is also a basic economic argument about a market externality.
https://en.wikipedia.org/wiki/Externality https://en.wikipedia.org/wiki/Externality
I am not sure you even need to characterize it as a libertarian argument.
- merpnderp 10y agoYou're right, back when carbon credits versus taxes were being argued for, economists seemed to all agree taxes were the far superior choice. But credits allowed businesses and politicians to hand out favors, cut deals, and generally wallow in corruption and graft. Thus credits won out over taxes.
- dharmon 10y agoAgreed. If anything, and if I'm reading it correctly, he's actually trying to explain why libertarians would be opposed to this: > "For people that have a sort of libertarian bent they get a little confused because they need to appreciate the high level principle of why they are opposed to government intervention."