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by ivankirigin
1756 days ago
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Blaming supply or demand when you have an unpriced negative externality doesn't make sense. Tax carbon, and use the funds to pay for decarbonization. We'll get better and cheaper alternatives and carbon sinks. Many quote $100 to $1000/tCO2e. But if we get down to $10, getting to net zero and negative won't break the bank. |
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One of the largely unspoken truths of economics is that wealth is power.
Actually, it was spoken, by Adam Smith, in The Wealth of Nations, but somehow that short, succinct, critical phrase is ignored in favour of a much longer one strung together out of multiple sections over hundreds of pages using what for Smith was not an explanatory mechanism, as it's often portrayed, but of a statement of ignorance, that a cause is unknown.