"The CAA makes sure the marketplace runs efficiently"
Now that's rich, indeed: an unwarranted government intrusion into the marketplace is touted as making it work more "efficiently."
Note to New Orleans: most conservatives I know believe that government regulation of the marketplace should be based upon manifest necessity, not the sky is falling! environmentalist hysteria.
"Note to New Orleans: most conservatives I know believe that government regulation of the marketplace should be based upon manifest necessity, not the sky is falling! environmentalist hysteria."
What do you know about the Clean Air Act exactly? I've litgated it on the corporate side. If you are looking for environmental hysteria I'd recommend discussing a different law, like the Endnagered Species Act.
Or are you suggesting that there are no environmental externatlities? Because internalizing externalities is necessary for any market to run properly. But I guess complaining about laws is easier than actually looking at what a specific law does.
Furthermore, chemical companies were forced to come up with substitutes just as DuPont's patent on Freon was expiring...
And DuPont just happened to have a new refrigerant that met the new standards, patented and ready for market...
I'm not saying that there was anything less than kosher about the EPA's new regulations...it's just that the coincidence is so, well, stunning.