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Financial regulation is one thing but the specifics of guaranteeing deposits or bailing out banks is actually the opposite of what is ideal. I am with you around this it is stupid for government to get involved with private sector failure! In that case we are not talking about internalising...

That is a very neat solution indeed. By making the outlet above the inlet it made the opollution that factories problem thus internalising the cost of the pollution. Nice. How do we do that for carbon pollution when it has no direct cost to a company but apparently a global one?

An individual has a choice about eating junk food. Eat it you get sick over time. The food chain making it is giving people a choice not forcing it onto anyone. This is not somethign that requires regulation but as you say education. The ocean extending my example above does not have a choice...

I agree with much of your post Stefan the only thing is; The free market is incapable of internalising a negative externality. i.e. lets say I cruise around every day with a dump truck picking up contaminated fill. If there was no levy on disposing of this waste in the ocean I would be on...

1. Carbon dioxide is a heavier gas than our atmosphere on average so with a higher mass will retain more heat than a lighter gas. When coal is burnt it releases carbon dioxide as a by product. Before it is burnt said carbon is not in the atmosphere. In absolute terms we are having an impact on...

One thing I suspect is lobby groups for families are going to say families should get some relief as I know I use more power in my 4br plus study with three kids than a single on the same income as me in a studio apartment. I also suspect though this relief will be through the family tax...

Nice comeback. :) The logic is not around the damage done by either, I am talking the phsychology in decision making / economics. If you make something more expensive and give cash back to the same quantity people will still use less of said product even if they can afford it. Power I...

The theory is that you internalise the negative externality. If you assume one agrees that carbon is a pollutant and is warming the planet then why should someone who pollutes a lot not pay for it. By bringing the negative costs into the decision making process of companies and individuals...

A welfare state does not have to be a nanny state. I believe in progressive taxation and I suspect anyone who has been an investor in property in this country is a beneficiary of our progressive taxation system where even the poorest in our society have a living wage and can afford to live a...