Thirty-four hundred economists and counting, including 4 former chairs of the Federal Reserve, 27 Nobel Laureates, 15 former chairs of the Council of Economic Advisers, and 2 former secretaries of the treasury, have signed a statement proposing a carbon tax to combat global climate change.
A record-setting 3,333 economists, including 32 at Stanford, have signed a statement supporting a carbon tax proposal co-authored by Stanford Professor Emeritus and former Secretary of State George Shultz, the nonprofit Climate Leadership Council announced on Monday. The proposal would levy a tax on the production and use of carbon emissions that increases over time but remains revenue neutral; collected money would be returned to U.S. citizens in equal payments, so the government would spend none of the money.
Catherine Semcer of the Property and Environment Research Center (PERC) talks with EconTalk host Russ Roberts about the role of incentives in preserving wildlife in Africa. The conversation discusses how allowing limited hunting of big game such as elephants and using revenue from hunting licenses to reward local communities for habitat stewardship has improved both habitat and wildlife populations while reducing poaching.
The highly publicized resolution known as the Green New Deal, inspired by the fevered socialism of Alexandria Ocasio-Cortez, insists that it is “the duty of the federal government to create a Green New Deal.” The proposal will, in time, go down as one of the nuttiest public policy documents ever written in the history of the United States.
The nation got its first chance to digest the details of the Green New Deal when Democrats proposed a nonbinding congressional resolution last week. Reading the 14-page document feels a bit like scanning a multipage menu in search of a satisfying meal. If you are a progressive, you feel overwhelmed by all there is to savor, and if you are a conservative, you struggle to find something you can stomach.
Perhaps you’ve heard about the Green New Deal? It’s freshman Congresswoman Alexandria Ocasio-Cortez’s revolutionary scheme to reinvent the entire American economy. She calls it “the Great Society, the moonshot, the civil rights movement of our generation.”