Friday, March 07, 2008
More Responses to the CBO Carbon Tax v. Cap and Trade Report
Here are his two main points:
- The report puts too much weight on a straw man - the so-called "inflexible cap-and-trade" system, a policy that has never been proposed in the real world.
- The report’s main conclusions rely on a faulty premise that, while in line with the economics literature, is at odds with the conclusions of climate scientists.
Read the whole thing for the details.
Director of CBO, Peter Orzag provides a response to these concerns here.
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