> Pricing them correctly means that the price covers the cost of the externality My argument is that current fuel and energy prices do not cover all externalit

> Pricing them correctly means that the price covers the cost of the externality My argument is that current fuel and energy prices do not cover all externalities. And I'm suggesting that maybe they should. > This is exactly the sort of thing you want a market to sort out. Yes and that doesn't work very well when fuel, roads, and the car industry are heavily subsidized in an effort to make car culture more affordable. Part of the problem is that knowing the true price of relevant externalities is currently difficult or impossible. We'll find out eventually one way or another. Through the price of habitable real estate and lower crop yields if nothing else.