Well, let’s see what Larry Summers is up to…
The case for carbon taxes has long been compelling. With the recent steep fall in oil prices and associated declines in other energy prices, it has become overwhelming. There is room for debate about the size of the tax and about how the proceeds should be deployed. But there should be no doubt that, given the current zero tax rate on carbon, increased taxation would be desirable.
…Hmm, let me think about that for a secon Oh, Hell no. Thanks for your time, Larry. You can go back in the box, now.
Via Hot Air.