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You've already said that, but that's not what I asked, I asked what those contributions were beyond "the magic market will fix it".
by gnaritas 13y ago
You've already said that, but that's not what I asked, I asked what those contributions were beyond "the magic market will fix it".
- philwelch 13y agoFor one, he seems to have developed the theory of price signals.
- gnaritas 13y agoFalls under let the magic market handle it, I asked for something outside that.
- philwelch 13y agoCap and trade basically hacks price signals by enforcing the notion that there's a finite supply of the environment's ability to absorb pollutants. Without the notion of price signals, cap and trade is not the type of thing you'd think to use, and the distinction I was making was that later Austrians, like Rothbard, never contributed anything of the like. You can make whatever distinctions you want--this digression has gotten tiresome and I regret ever responding to you in the first place.