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| | Metcalf Institute Public Lecture Series Speakers |
 | | In his lecture, John Fialka, the energy and environment reporter for the Wall Street Journal, was engaging and informative, involving the audience in his explanation of complexities of environmental economics. |
 | | Fialka scribbled on one piece of paper, handing it to an audience member, and asked again if the paper had value. |
 | | Fialka scribbled on the second piece of paper, which read, "This allows you to emit one ton of pollution." As the audience laughed, Fialka explained the significance of what they had just witnessed -- he had just created something out of nothing, a negotiable instrument, he said. |
| www.metcalfinstitute.org /programs/fialka_summary.htm (634 words) |
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