Earlier in the month, the former IMF chief economist Raghuram Rajan took a swipe at indirect housing subsidies, which gave Paul Krugman an excuse to pontificate on the relative innocence of Fannie Mae and Freddie Mac in creating the housing bubble. (Republicans, it seems, are more inclined to blame Fannie and Freddie and their liberal patrons for the financial crisis than Wall Street, K Street or themselves). Not to be outdone, Charles Lane, the veteran Washington Post columnist, gave Krugman’s argument a long cool look. We kinda think Lane won this round. But whatever you think, we’re guessing you’ll find it a pleasure to see these smart, well-informed policy nerds duking it out in public.
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You Say Tomato1 comment to You Say Tomato |
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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Chuck: Can you send me the complete article. The website chops it up. The failure of Congress to take on the FMs is the greatest outrage in this entire business. Warm regards, Peter