externalities

A two-minute clip from a 1979 Phil Donahue interview in which Milton Friedman makes the free-market case for taxing pollution. He treats pollution as an externality that can be given a price.

Andreas Antonopoulos answers a Bitcoin Q&A question about energy consumption in mining. He argues that mining is arbitrage for the cheapest electricity, drives investment in renewables, and that the traditional financial system has hidden externalities.