JK Ribera: “But, MDP, isn’t it true that every single time there has been smog legislation the automobile industry has opposed it as too expensive and ineffectual?”
I am not relying on the auto industry’s assertion that the regulations are “too expensive”. As I pointed out, “the California Air Resources Board [that's the CA government] says the regs will add $1000 to the price of each new car.” I am simply asking, is it “‘pragmatic’ to make consumers pay $1000+ more for new cars in order reduce greenhouse gas emissions by an inconsequential amount”?
In an update, Roger writes that “an argument can be made that some environmental legislation (notice the some, please) is good for the market and actually stimulates business by forcing innovation.” Yes, you can argue that regulation helps the market by “forcing innovation,” but the argument only works if you ignore the regulation’s costs. If there are economists (even liberal ones) who believe that “forcing innovation” in this way stimulates the economy, I haven’t heard of them.









