Millennials want results, not regulations. Younger generations care about the environment — over 80 percent are concerned about global warming and resource scarcity — but they want environmental bang for their buck.
A new generation of environmental entrepreneurs is more interested in “finding the ways that work” than regulating for the sake of punishing. These enviropreneurs see market opportunities where others see environmental problems.
When environmental groups buy ranchers' permits, there's no need for the feds to start rustling up trouble.
The death this week of Ronald Coase, one of the world's most-cited economists, comes at a time when there is lively debate about the very issue he raised: why neither markets nor government are panaceas.