More and more countries are banning certain uses of plastics such as plastic bags and one time use plastics. Do you think that’s gonna have a distorted economic outcome? I think we could step out of the economic bubble sometimes and do things that are good for the environment - without which there would be no economic activity possible.
> Do you think that’s gonna have a distorted economic outcome?
Yes. Typically, such laws embed exceptions. But the exception list is always inaccurate.
For an example, when the EPA set fuel economy standards for cars, it exempted trucks. The station wagon disappeared and was replaced with the SUV, which was a "station wagon" configured to pass the EPA definition of a truck.
Instead of banning plastics and having an ever-wrong list of exemptions, raise the price (via taxation) so other materials become cost effective.
