We’re perpetually dismayed by the Competitive Enterprise Institute’s alliance with global warming deniers. But the organization is spot-on in its opposition to tax breaks for ethanol fuel, which are set to expire at the end of the year unless Congress puts the taxpayers back on the hook for $4-5 billion annually. The Obama Administration, apparently inspired by St. Augustine (“Lord, give me chastity, but do not give it yet”), is reluctantly supporting this election-season giveaway. It will be interesting to see how Republicans riding the Tea Party wave vote on the issue.
|
|||||
Drunk on Subsidies |
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. 
   |
||||
|
Copyright © 2013 regulation2point0 - All Rights Reserved |
|||||
