A popular characterization of laissez-faire capitalism is that it leads to unacceptable negative “externalities,” such as pollution by energy producers. On this installment of “The Best of Power Hour,” Pierre Desrochers and I debunk this idea from several angles: political, economic, and historical.
Download the Best of Power Hour–Debunking Externalities
For more on this issue, see my article “Energy Externality Pseudoscience” and Eric Dennis’s article “What’s in a Price?”
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