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Monday, 23 July 2012

What passes for money

How many things will pass for money? Investment and disinvestment are both aimed at regulating growth from one sector to another, but at higher benefit-to-cost ratios, such moves will fail.

Two important cases in point: cap-and-trade in reducing GHG emissions and levying a fee to pursue unauthorized constructions (in cities like Chennai).

The confounding factors are posterity and space: once consumed, the machine cannot be reversed unless there is more investment/sanctioning.

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