Since most carbon emissions are from Asia, any carbon emissions tax would need to include imports. How would you administer it, how would you prevent leakage? The relationship between CO2 and temperature is supposed to be logarithmic, and how do you know your tax will be beneficial, that is have any positive effect on the climate that anyone could measure? There would be lots of efforts to run around it, and it would create lots of artificial efforts to defraud it.
Awesome interview Jon! Mankiw is such a dual threat QB. Impactful research, transformative educator.
Upvoted for Eminence Front. :)
Great presentation.
I have his PRINCIPLES OF ECONOMICS (2001, 2nd edition) textbook from high school!! 😀
Amazing that you had those classes in High School. I didn't see Econ until College
@@RecoveringGenius
My public school of 590 students in a small California town had a year of economics for juniors and seniors.
Since most carbon emissions are from Asia, any carbon emissions tax would need to include imports. How would you administer it, how would you prevent leakage? The relationship between CO2 and temperature is supposed to be logarithmic, and how do you know your tax will be beneficial, that is have any positive effect on the climate that anyone could measure? There would be lots of efforts to run around it, and it would create lots of artificial efforts to defraud it.
Austrian economics have already beaten Keynesian economics, Hoover are you going progressive on us?
Yes, although I’d use a different terms. It’s becoming an advocate of statism and centralization.
Well, if you want understand today...
A great question
Why is Keynesian Economics Progressive? Can a theory be conservative or progressive?
There must be millions of people that are totally lost. What is he talking about?