Daily Archives: July 8, 2013

Discrediting Regulation: from George Stigler to Tyson’s Fraud-Free Carbon Tax Fantasy

By William K. Black
(Cross posted at Benzinga.com)

Laura D’Andrea Tyson (President Clinton’s principal economist) has written an ode to a “carbon tax” that does not acknowledge a single disadvantage or substantive (as opposed to political) concern with such a tax.  A carbon tax can have advantages, but her article oversells the idea and ignores the severe concerns about such a tax.  Her article demonstrates why the Clinton administration’s anti-regulatory and fiscal policies helped sow the seeds of ongoing financial disaster.  (The Bush administration watered and fertilized those seeds and we all reaped the whirlwind.)

Continue reading