Friday, March 18, 2011

Speaking of turkeys waiting for Christmas, Der Spiegel: Is Environmentalism Really Working?

In economics, it's called the law of diminishing marginal utility. The first glass of water you drink will help a lot to quench your thirst. The second will help a little less and so on. By the 10th glass you will be feeling unpleasantly full or even sick. That's the worst aspect: some major environmental policies aren't just ineffective -- they are counterproductive.


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