Carbon Tax Debate
Munger argues for the importance of a carbon tax as a means to guide energy choices through profit and loss signals, rather than relying on industrial policy that favors specific technologies. He acknowledges the complexities of the current tax system and the political interests that maintain it, emphasizing the need for pragmatic approaches to economic policy. Despite the challenges, he believes in the necessity of advocating for better solutions, even if they seem quixotic.In this clip
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EconTalk
Michael Munger on Industrial Policy
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