Don't just do something, stand there! Reflections on the counterintuitive behavior of complex systems, seen through the eyes of System Dynamics, Systems Thinking and simulation.
… is Marty Feldstein’s lame arguments against it. He cites CBO household costs of policy that reflect outlays, rather than real deadweight or welfare losses after revenue recycling. He wants the US to wait for global agreement before moving. News flash: there won’t be a global agreement without some US movement. He argues that unilateral … Continue reading “The only thing worse than cap & trade …”
Over at Prometheus, Roger Pielke picks on Nancy Pelosi: Speaker Nancy Pelosi (D-CA) adds to a long series of comments by Democrats that emphasize cost as a crucial criterion for evaluating cap and trade legislation, and specifically, that there should be no costs: ‘There should be no cost to the consumer,’ House Speaker Nancy Pelosi … Continue reading “Reality-free Cap and Trade?”