Categories: Climate Change

The Green New Deal Is Giving AOC A $93 Trillion Checkbook And Hoping. Hoping Hard.

From elsewhere on the subject of the Green New Deal and other methods of dealing with climate change:

[perfectpullquote align=”full” bordertop=”false” cite=”” link=”” color=”” class=”” size=””]Think on it. The Green New Deal is giving Rep. Alexandria Ocasio-Cortez, D-N.Y., a $93 trillion checkbook and hoping she gets it right. That would not work out well.[/perfectpullquote]

An alternative:

[perfectpullquote align=”full” bordertop=”false” cite=”” link=”” color=”” class=”” size=””] If you change prices with a carbon tax, however, all 320 million of us gnaw away at the bone of this problem. Many of the things we try won’t work, but some will. And we humans aren’t quite monkey see, monkey do. We’re a type of ape, but we do copy what works and drop what doesn’t. So, what actually works in mobilizing the entire society to solve a problem? Here, obviously, it’s the carbon tax. And the more urgent you think climate change is, the more you should support that, rather than bureaucrats writing environmental impact statements. You see, there is a reason why 78 percent of economists think prices, not regulations, are the way to beat climate change, and why more than 3,300 economists, including 27 Nobel laureates, signed up to endorse such a plan. You know, it’ll work. And guess what? They’re not also asking for control of that $93 trillion, either. [/perfectpullquote]

Leave aside whether you think there’s a problem here or not. Concentrate instead on the well, if there is, which solution is going to work? It’s probably not the one where AOC gets the checkbook, is it?

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Tim Worstall

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Tim Worstall

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