My latest at IER, though the team helped me a lot with this one. An excerpt, and keep in mind that Taylor is the president of the new Niskanen Center:
Although he doesn’t come out and say it, Taylor’s argument here rests on the belief that the hodge-podge of energy interventions currently exist because the Left really wants to limit carbon dioxide emissions, but gosh darn it those stubborn conservative Republicans are taking the efficient “market solution” of a carbon tax off the table, leaving only direct regulation. Taylor needs such a belief for his argument to work. The only reason we could possibly expect the environmental Left to honor a carbon tax deal, is if they said, “Phew! Now that we have an adequate mechanism in place for bringing emissions down to their socially optimal level as the economists inform us, we can decimate the EPA and tell everybody working at the Department of Energy to get a real job.”
Does Taylor actually believe that? What would William Niskanen have to say about the prospects of getting rid of huge bureaucracies once their apparent mission had been accomplished?