Friday, September 15, 2017

Two Models | Belmont Club

Two Models | Belmont Club
"For most of recorded human history men have dealt with the weather in two ways: adaptation and amelioration. 
When sea levels rose, men moved cities inland. 
But for the first time, policy makers don’t want to adapt to climate, they want to change the climate itself. 
Perhaps no one put it more clearly than Barack Obama in his 2008 nomination speech. 
Now the seas would fall.  
Describing the significance of his vision Obama said, “this was the moment when the rise of the oceans began to slow and our planet began to heal.”
The current program put forward by climate change advocates is frankly one of weather engineering.
Policy makers are going to change the quantity of carbon in the atmosphere by taxing energy consumption -- and thereby reduce carbon. 
“A carbon tax is a tax levied on the carbon content of fuels…. 
From an economic perspective, carbon taxes are a type of Pigovian tax [intended to correct an inefficient market outcome ... by being set equal to the social cost of the negative externalities]”
That’s how we’re going to save the world, through Pigovian taxes.
In general governments and big companies (which benefit from government largesse) like Pigovian taxes..."

No comments: