The first is found in chapter ten. I believe that Friedman’s plan could result in negative effects. There is a fundamental reason for why government regulates energy prices. This is because utility/energy companies are almost always a monopoly. It is pertinent that these prices are regulated because monopolies control the entire market share which means that they could set the price as high as they wanted in order to generate large profits. In addition, de-monopolizing these companies would result in wasted resources since companies would place more telephone polls next to each other because they would be competing for customers in the same area. The second thing with which I disagree is that a carbon tax could prove to be beneficial. A carbon tax during this recovery from the worst recession in decades could greatly drive down economic
The first is found in chapter ten. I believe that Friedman’s plan could result in negative effects. There is a fundamental reason for why government regulates energy prices. This is because utility/energy companies are almost always a monopoly. It is pertinent that these prices are regulated because monopolies control the entire market share which means that they could set the price as high as they wanted in order to generate large profits. In addition, de-monopolizing these companies would result in wasted resources since companies would place more telephone polls next to each other because they would be competing for customers in the same area. The second thing with which I disagree is that a carbon tax could prove to be beneficial. A carbon tax during this recovery from the worst recession in decades could greatly drive down economic