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5 Aug 2019

While the U.S. command-and-control environmental regulations initiated in the 1970s have been very effective at reducing pollution, some economists have difficulty with the legislation because

it often requires different pollution-control technology for each polluter.

it usually requires different standards for all current and potential polluters.

it is full of fine print and exceptions, and costly for some firms to comply with.

it is not subject to compromises in the political process and all of the above.

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Tod Thiel
Tod ThielLv2
6 Aug 2019

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