Monetary Policy and Environmental Progress: Why Bad Money Drives Up Pollution

Many people are growing concerned about pollution and its growing effects on our environment and quality of life. So much so it seems, that politicians are now taking nuclear power much more seriously than previously. We’ve seen a greater push toward solar and wind power, as alternative and more renewable means of providing energy for national and global economies.

Despite this, actions toward the green economy are for naught; not just while the tragedy of the commons and eminent domain remain, but while monetary policy remains in favor of secular inflation.