Paul Krugman

Wrecking the Ship of State

Wrecking the Ship of State:

After Donald Trump’s surprise election victory, many people on the right and even in the center tried to make the case that he wouldn’t really be that bad. Every time he showed a hint of self-restraint — even if it amounted to nothing more than reading his lines without ad-libbing and laying off Twitter for a day or two — pundits rushed to declare that he had just “become president.”

But can we now admit that he really is as bad as — or worse than — his harshest critics predicted he would be?

An Affordable Truth

Why should you believe that cutting emissions is affordable? First, because financial incentives work.

Action on climate, if it happens, will take the form of cap and trade : businesses won t be told what to produce or how, but they will have to buy permits to cover their emissions of carbon dioxide and other greenhouse gases. So they ll be able to increase their profits if they can burn less carbon and there s every reason to believe that they ll be clever and creative about finding ways to do just that.

From Op-Ed Columnist - An Affordable Truth - NYTimes.com

I love it when Krugman schools free-marketers on basic free market principals. A while back I stated using the term Carbon-Socialism to describe the objection to the creation of markets for carbon emissions. I still think the term holds.