How can we better capture the option value of conservation?

Is it better to pump oil today, tomorrow, or never? Is a tree more valuable if harvested now, in a … More

Another downside to pervasive permitting: what happens when the government shuts down?

One of the lessons of the recent government shutdown (and expected near miss on a second one) is that there … More

Environmental protectionism: when environmental laws protect businesses from competition

The environment’s greatest friend is technological innovation. Human ingenuity–what Julian Simon called “the ultimate resource”–has consistently enabled us to make more with less. Yet environmental laws too often throw up roadblocks to that progress, favoring the dirty status quo over a cleaner future.

Should government permits override property rights?

Environmental permitting should supplement property rights, not destroy them.