What if, instead of battling about the costs of environmental regulations in the political arena and the courts, property owners and environmental groups treated their differences as an opportunity for arbitrage?

Whether regulation generally—and environmental regulation, in particular—imposes significant burdens on property owners and other regulated parties is sharply contested. The … More

Ideological blinders affect both extremes of the climate debate

Climate change challenges conservative and libertarian instincts in a way that makes it harder to believe the evidence, no matter how strong it is. Climate evangelists likewise tend to embrace science and evidence when it confirms their prior political views and reject it otherwise. For progressives and big-government liberals, climate change is easy to accept to the extent it seems to call out for a big-government solution. But even among climate evangelicals, where science and their prior political commitments conflict, politics usually win.