Deficit Reduction: Did someone say “carbon tax?”

Irwin Stelzer, an economist and conservative intellectual who isn’t inclined to suffer fools, suggests a carbon tax could help reduce the deficit and enhance national security, even as it stimulates economic growth.

Quite so. The problem – or at least one of the problems – is the bitter opposition …

[READ MORE...]





Cap and Trade v. Tax (or Weisbach on Weitzman)

In the beginning, economists touted emissions taxes and cap-and-trade systems as efficient, market-friendly methods for reducing pollution. The idea: put a price on pollution equal to the damage it caused or decide what level of emissions was acceptable to society as a whole, and then let businesses decide how to minimize …

[READ MORE...]





Approach-Avoidance Syndrome

Nuclear power in America lives in an odd political/economic limbo. The 104 plants operating here (all built before 1978) have become the work horses of the utility industry, generating one-fifth of the nation’s electricity at low marginal cost thanks to vast improvements in their operating reliability. And, …

[READ MORE...]