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Carbon Tax? Cap and Trade? How About Both?

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"The good news is that with careful policy design, Cap and Tax can be better than either Cap or Tax. The Tax toughens the Cap, the way steel rebar strengthens concrete. The bad news is that without careful design, the two could weaken each other."

Trying to "design" a policy is what gets governments in all types of trouble in the first place. However, I digress.

Chris of AZ 8:55PM May 24, 2008

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U.S. News business reporter Matthew Bandyk examines the issues, people, and debates that shape the nexus of political and economic life in the nation's capital.

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