Bruce Bartlett lists all the reasons that Reps. Jeb Hensarling’s and Mike Pence’s call for a constitutional amendment to limit federal spending to one-fifth of GDP is, at best grandstanding, and more likely, just plain dopey. Bruce, bless him, always makes us nostalgic for the era in which conservative politicos (even Pence) took public policy seriously…
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Professor Dieter Helm (Oxford) is a very fine fly fisherman, and an even better economist. If you haven’t done so, take a look at his new book “The Carbon Crunch: How We Are Getting Climate Change Wrong — and How to Fix It” for a bit of unconventional wisdom. He argues that politicians and the general public have not shown any real interest in addressing climate change. Helm argues that places like Europe should focus on setting a price for carbon that would cover consumption (and not just production), and that fracking could be a good “bridge” technology for reducing consumption of coal. The book is readable and insightful for those interested in the inside track on climate policy. 
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