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whats a mispriced externality you mentioned that at some point during our podcast and externalities when there is an additional cost that is imposed by whatever product is being produced or consumed that is not accounted for in the price of the product sometimes you can fix that by putting the price back into the product one of the most ardent ways people attack capitalism these days is that its destroying the environment and if you throw away capitalism because destroying the environment then guess what were all headed back to pre-industrial times theres not going to be a good thing so rather there is an externality because the environment is finite the environment is freshest and we have to price it properly and fold it back in if people are wasting water or putting hydrocarbons in the atmosphere or polluting things you want to charge them what it costs to clean up that pollution return it to a pristine State perhaps that price has to be very very very high if you raise that pric