inefficiency

The trouble with leakage: Trying to micro-manage market innovation in climate legislation

Starting a conversation about leakage immediately makes people uncomfortable.  Their gaze shifts to floor, and it is clear they are hoping the speaker will have the good sense to avoid the rather uncomfortable topic addressed by the smiling actors in a Depends undergarments commercial. 

Rest assured: your averted eyes have been noticed.  But leakage in the world of environmentally-harmful subsidies and climate change is hardly a happier exchange.  At least with Depends there is a recognition, albeit an awkward one, that the problem is an unhappy fact of the human condition. 

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