Is Hardrock Mining and Reclamation Act sound U.S. economic policy?
As envisioned by the U.S. House, The Hardrock Mining and Reclamation Act of 2007 may spell bad news for the U.S. economy, possibly impacting raw materials used by domestic industries. Author: Dorothy Kosich Posted: Monday , 05 Nov 2007 RENO – In the rush to secure passage of the Hardrock Mining and Reclamation Act of 2007, H.R. 2262, House Democrats and some special interest groups may hurting a vital domestic supply of raw materials to the U.S. economy There is no question that mining is part of a class which economists call “negative externalities.” To mine the raw materials, there are consequences (in this case pollution) to third parties, who did not originally consent to the development of the mining operation. Nevertheless, do some environmental and human rights NGOs view a healthy U.S. economy fueled with domestic raw materials supplied to other U.S. sectors as undesirable? They cleverly focus their campaigns on gold jewelry, “blood diamonds,” or other stereotypes that perpetuat
