Economics are at the heart of a US initiative that would tap market forces to promote a greener future
In deference to Christmas optimism, here is a beautifully simple answer to global climate change, backed by 27 Nobel economists and the United States policy firmament from Keynesian Left to Monetarist Right.
It is guided by market principles. It reduces the role of the state. It does not shaft the poor. It is easy to enforce. It is oven-ready, to borrow the phrase du jour.
This initiative by the Citizens Climate Lobby has the support of Democrats and Republicans in Congress. It has been endorsed by Alan Greenspan, the late Paul Volcker, and Nobel laureate Myron Scholes in the free market camp,...
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