How To Pay for Everything

air

How to pay for everything: Monetize the air.

The idea of emissions trading goes back more than 100 years to Alfred Marshall, a British economist, and Henry George, a US contemporary. Their insight was that assigning property rights to the environment was a good way to protect it. Unless someone owns the environment, polluting it – in the absence of state regulation – is costless. Of course, governments can step in and simply outlaw pollution, and often do so.    — Financial Times, 2007

-Gregor

Further Reading: Emissions trading – history of an idea

  • http://benatlas.com/ Ben Atlas

    There is a Chassidik parable that goes something like this:

    1. Can't live without air for 15 min – air is free
    2. Can't live without food for one day – food is almost free
    3. Can't live without Clothing for a month – cheap
    3. Can't live without a roof for a year – expensive

    There more critical things are for our life the cheaper they are.

  • gregor.us

    I love it!

    I'm writing that one down.

    Best,

    G

  • Anon

    test

  • http://www.jeffreymclarty.com/jm McLarty

    You forgot water. :) …and look how people waste that, sans a price tag that stares them in the face.

  • gregor.us

    2012: “We now view the Canadian Dollar as a water currency” –UBS Resource Strategist Dmitry Hydroponic in a note to clients.

  • gregor.us

    2012: “We now view the Canadian Dollar as a water currency” –UBS Resource Strategist Dmitry Hydroponic in a note to clients.

  • http://www.articlesbase.com/travel-articles/teaching-english-in-taiwan-experience-life-in-taiwan-as-an-english-teacher-1423243.html Teaching English in Taiwan

    Interesting post. I have stumbled this for my friends. Hope others find it as interesting as I did.