Bull Market
Enron collapsed. The Earth is warming up. And GMU's Mercatus Center says the solution lies in two public policy heroes: supply and demand.
Cover Story
Enron collapsed. The Earth is warming up. And GMU's Mercatus Center says the solution lies in two public policy heroes: supply and demand.
Photographs by Charles Steck
There are plenty of laissez-faire Republicans who'll tell you that the greenhouse effect is bogus science. But in the Virginia suburbs, there's a stronghold of anti-regulation zealots who say that heightened ozone concentrations are, in fact, a public good.
The thinking goes like this: The ozone layer protects us from the sun's rays, fending off sunburns, skin cancer, and the like. But the ozone layer is thinning, so there's no harm in trying to patch up that protective coating with a little man-made ozone from, say, auto emissions. Sure, ground-level ozone, the key ingredient in smog, has been blamed for everything from kids' breathing problems to global warming. But there's no point trying to fight those ill effects if it just means more people, in the end, wind up suffering from sunstroke.
So declared a precursor to the Mercatus Center of George Mason University (GMU) in a 1997 public comment on a proposed Environmental Protection Agency (EPA) rule setting new standards for ambient ozone. "Ozone protects against harmful ultra-violet radiation, and the detrimental health effects of increased UV-B penetration are likely to be greater than the projected health benefits of lowering ozone concentrations," the center wrote.... Continued
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