I have long thought that the best argument for market-based approaches to climate change 
mitigation was the clunkiness of the alternative. However much time EPA has spent trying to make the GHG regulations efficient, no one can say that EPA’s proposal is elegant.
Although it is at best a dim glimmer of hope on the horizon, it was nonetheless comforting to see Jerry Taylor of the Libertarian Niskanen Center make “The Conservative Case for a Carbon Tax.” While I don’t agree with every aspect of his proposal,… More