However, most people don't have such an effective system, and have sprinklers that consistently launch water at innocent pedestrians. Recently it occurred to me that people should be fined for such egregious "sprinkling" of water to account for the negative externalities that include someone getting wet, and the forced movement into the street, which may increase the chance that one could be hit by a car. While the second may seem a tad absurd, the first is a clear showing of how "other people" must take the cost of people watering their lawns.
Our Dollar, Your Problem
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I just finished *Our Dollar, Your Problem* by my Harvard colleague Ken
Rogoff. It is a great read for econonerds like me, especially for those who
lean ...
3 days ago
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