Showing posts with label cap and trade. Show all posts
Showing posts with label cap and trade. Show all posts

Monday, July 26, 2010

Krugman on "Greed and Cowardice" in the climate debate

Was Paul Krugman famous for his work in economics, or was it environmental studies? Right now, I'm not sure. From an op-ed article yesterday:
It has always been funny, in a gallows humor sort of way, to watch conservatives who laud the limitless power and flexibility of markets turn around and insist that the economy would collapse if we were to put a price on carbon.
Source. An intelligent person like Mr. Krugman can spot a bad argument, especially when it applies to his home discipline of economics. The passage above contains logical flaws which should have stood out to a Nobel Laureate.

- "Putting a price on carbon" is a bit more complicated than grabbing the sticker gun and tagging away like a manic grocery store employee.