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Is the Market Descriptive of General Consensus?
The question of whether these market signals can be taken as descriptive of general, kind of human consensors is questionable itself. I'm sure he imagines a whole suite of what i would describe as quite main stream policy responses to the problem. The jewel in the crown of this framework is a carbon tax that forces people to internalize the externality,. which is the production of greenhouse gas emissions. If we can cost properly according to this logic, we can kind of force people to pay for them before they've emitted them.