Carbon taxes and cap-and-trade are the strategies for tackling climate change that have won the hearts of many economists. But the details of how the price of carbon is set, and who sets it, are hardly settled.
In 2014, the city of Flint, Michigan changed its water supply, switching from Lake Huron water piped in from Detroit to its own Flint River. The river water wasn’t properly treated, and so it corroded the city’s lead pipes, carrying the toxic metal through the community’s faucets. Thousands of children were poisoned, and twelve