Stephen Colbert skewers as per usual...
"If we go to smaller cars, soon we'll be just like Europe."
Hat-tip: Greg Mankiw and Tyler Cowen
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First Krugman makes a snarky comment about the grownups coming (though I seem to have heard that one before, a few years ago, how did that work out?).
Lots of stuff has been written lately over the relative merits of carbon taxes vs. carbon trading markets. Just to summarize the policies, a carbon tax would apply an across the board premium on all users of carbon depending upon the amount they use.
This is just for Kara. A really common textbook for introductory economics classes is Greg Mankiw's. In the first chapter, he lists 10 principles of economics.
I'm like a broken record, but if I could implement one policy change right away it would be to raise the gas tax:
Colbert hits the truth were it hurts. Thank the good lord we have some sane people in the media!
"If we go to smaller cars, soon we'll be just like Europe."
Good for you!
Why does Stephen Colbert always seem to agree with me?
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Clinton's attempt to blame the Bush administration was quite anti-sensical. The Bush administration is famous for ignoring expertise.