Lead is a textbook example of a good regulation. It’s something where the industry was doing something very harmful-aerosolizing lead and pumping it into the air—which had quite small economic benefits and was relatively easily replaced.
Some regulation achieves this kind of improvement, and we’re probably under regulated in those areas. Particulate matter, for example, is extremely harmful. But many regulations do not have such clear cut costs and benefits.
Some regulation achieves this kind of improvement, and we’re probably under regulated in those areas. Particulate matter, for example, is extremely harmful. But many regulations do not have such clear cut costs and benefits.