tag:blogger.com,1999:blog-4900303239154048192.post4281218312484982202..comments2024-03-06T06:34:42.881-05:00Comments on EconoSpeak: The Financial Meltdown and the “Meltdown Meltdown”Unknownnoreply@blogger.comBlogger3125tag:blogger.com,1999:blog-4900303239154048192.post-82051904647444305732008-11-10T19:53:00.000-05:002008-11-10T19:53:00.000-05:00Reason,Some relevant posts would be this and this ...Reason,<BR/><BR/>Some relevant posts would be <A HREF="http://econospeak.blogspot.com/2008/09/plan-b-how-to-restore-financial-markets.html" REL="nofollow">this</A> and <A HREF="http://econospeak.blogspot.com/2008/10/looking-ahead-reverse-tsunami.html" REL="nofollow">this</A> and <A HREF="http://econospeak.blogspot.com/2008/10/ultimate-risk-capital-flight-from.html" REL="nofollow">this</A>.<BR/><BR/>Trucker,<BR/><BR/>Right: a carbon tax applies to all fossil fuels based on their carbon density. Permits under a cap-and-share (or whatever you want to call it) system should not be confused with offsets under the current non-system. I've discussed the difference in several earlier posts.Peter Dormanhttps://www.blogger.com/profile/00093399591393648071noreply@blogger.comtag:blogger.com,1999:blog-4900303239154048192.post-27907240987330625602008-11-10T16:31:00.000-05:002008-11-10T16:31:00.000-05:00A carbon tax applies to coal also I would think.Th...A carbon tax applies to coal also I would think.<BR/><BR/>The carbon tax and rebate system is the absolute screaming nuts (that is a poker slang for having an unbeatable hand). Every last nickel of the collected funds <B><I>MUST</I></B> be redistributed to the <B>taxpayers</B> equally or in the same form as the recent stimulus package. In the case of the stimulus the Republicans can claim it is a tax cut just like the last one and maybe that will keep them happy.<BR/><BR/>But I don't understand about the "permits". At present there are groups forming to issue these permits and I can't help but wonder where they get the authority. It occurs to me that the reason for the "freeness" of the permits is probably the fact that these groups have no real authority to issue the permits or to enforce the implied restrictions. As such the permits are probably worth what they paid for them.<BR/><BR/>But what do I know? I am not a neoclassical marginalist and they seem to own the field.<BR/><BR/>http://GreaterVoice.org/essays/LaborTheoryOfCost.phpTheTruckerhttps://www.blogger.com/profile/10346127768102862741noreply@blogger.comtag:blogger.com,1999:blog-4900303239154048192.post-43875375400866481442008-11-10T10:14:00.000-05:002008-11-10T10:14:00.000-05:00I don't necessarily think that the (intermediate?)...I don't necessarily think that the (intermediate?)immediate effect of a carbon tax would be reduced imports. After all, coal is more carbon intensive than oil.<BR/><BR/>And I would like a link to your argument that a bail out of old debt makes things worse (rather than just not being sufficient). I find it interesting.reasonhttps://www.blogger.com/profile/10958786975015285323noreply@blogger.com