3 ms·
> The problems begin when externalities (pollution) and rent seeking (middle-men) enter the room. Both of these distort the price signals, which should (but rar
by arcticbull 3y ago
> The problems begin when externalities (pollution) and rent seeking (middle-men) enter the room. Both of these distort the price signals, which should (but rarely do!) convey the true environmental cost.
This is my opinion as well.