What costs and tradeoffs are associated with this choice?

PERSPECTIVE
Curb pollution through sensible regulations
QUESTION
What costs and tradeoffs are associated with this choice?
ANSWER
This approach requires a substantial government role, and a well-funded Environmental Protection Agency. In some instances, this approach requires restrictions on how individuals use the land they own. The regulatory approach doesn't try to eliminate all environmental risks, but rather to limit those that are potentially dangerous. Also, in advocating flexible regulations, this approach would allow regional differences in the ways industries meet pollution goals.