Externalities versus violations of the Constitution
People call pollution an externality---that is, a cost imposed on someone who wasn't part of the choice. It may be an externality, but that identification misses a bigger point. It also violates the consent of the governed, deprives people of life, liberty, and property, and violates the Declaration and Constitution in other ways. Pollution is not just an economic issue. It's also political and the political ramifications are much greater. Violating the Constitution is important, especially when everyone in the nation does it, the government profits from it, politicians become corrupted by it, and more. If you don't fix the economic problem, money gets distributed not to those who solve problems best but to those who coerce the most. You distort the economy and inhibit…
