by Eric Kramer The Case for Carbon Taxes, Part II:  Political Sustainability In a prior post, I argued that carbon taxes are not vulnerable to political subversion by hostile courts and regulators, and that this is an important advantage of carbon taxes over traditional regulation based on mandates, and also an advantage over subsidies.  Once […]

Via Naked Capitalism  comes an explanation of what income inequality looks like in the US.  It stands in contrast to the Bloomberg article pointed to by Yves in her introduction.  I pulled the quotes with a non-economic person in mind. THE WOLF STREET REPORT    transcript of podcast by Wolf Richter. Subprime doesn’t mean poor […]

  by Eric Kramer The Case for Carbon Taxes, Part I:  Political Subversion Economists support carbon taxes on efficiency grounds.  By putting a price on carbon dioxide emissions, a carbon tax creates a strong incentive for people reduce their carbon footprint.  They can do this by switching to clean technologies or simply by reducing their […]

by New Deal democrat The consumer is still alright, November 2019 edition I have a new post up at Seeking Alpha. A few months ago I took a look at the order in which I would expect the dominoes to fall if there were to be a consumer-led recession. One more domino has fallen, but several […]

by David Zetland  (originally published at One handed economist) Real decentralization is radical Visionaries, consultants and public speakers love to explain how they are embracing distribution over decentralization over centralization, using an image like this: Figure 1 What drives me crazy about this image is that it actually undersells true decentralization, i.e., when everyone is connected to everyone:

by Eric Kramer Russ Roberts and The Rat Hole Fallacy Liberals believe that unregulated markets do not adequately supply public goods like roads, parks, and scientific research, and that government should use its taxing and spending powers to provide these goods.  Conservatives agree that markets fail to provide ideal quantities of public goods, but they […]