Talk about high-handed intervention in a free market by the nanny state... Why the direct resort to command-and-control? ...why not apply the polluter-pays principle?I was with you Ross, right up until you said:
Yes, I am kidding. ...Once you understand how far we mere mortals depart from the assumption of rationality, it's easier to see the justification for government interventions intended to counter this whole new form of "market failure" and save us from ourselves.(I think this is also the first time I think I've heard Ross admit to being one of us mere mortals).