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Posted Tue Feb 28 2012: from Forbes:
Economist: Clean Air Regs Cost U.S. $21 Billion A Year But Produce $100 Billion In Benefits
Clean air regulations cost the United States about $21 billion per year in lost productivity, a University of Chicago economist said this afternoon. But the benefits of environmental regulation --improved health, reduced infant mortality, increased property values--are typically estimated at more than $100 billion, said Chad Syverson, professor of economics at the University of Chicago Booth School of Business. "It looks like -- you've got $21 billion on this side, $100-something billion over here --the scale is actually suggesting that the marginal benefit of regulation is quite a bit bigger than the marginal cost, at least over the sample," Syverson told about 40 people gathered in a campus lecture hall.
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'Doc Michael says:
Who's gonna believe that liberal rag, Forbes?

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