AS Economics- Microecon1
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Shocker for Democrats: Messing with markets tends to screw things up

Shocker for Democrats: Messing with markets tends to screw things up | AS Economics- Microecon1 | Scoop.it
Consequences, Shocker for Democrats: Messing with markets tends to screw things up, latest liberal attempt to overrule the free market ends as they all do, in utter failure

Via #BBBundyBlog #NOMORELIES Tom Woods #Activist Award #Scoopiteer >20,000 Sources >250K Connections http://goo.gl/ruHO3Q
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AS Micro - Negative Externalities & Market Failure: Small shops back plastic bag charge

AS Micro - Negative Externalities & Market Failure: Small shops back plastic bag charge | AS Economics- Microecon1 | Scoop.it

Via Saint Martin's - Economics , Matt Smith
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Cameron Beck's curator insight, December 1, 6:38 AM

The fact that plastic bags are free and sop available means that we are producing plastics at a faster rate and therefore, will eventually run out causing market failure. The government therefore have to intervene by charging people for these plastic bags and the charge gets rid of the incentive to throw a bag away but rather to reuse it, lowering production and solving the problem of market failure.