==> At IER I have a response to Jerry Taylor. An excerpt:
Again, I realize some readers may tire of reading two narcissists trading jabs on the Internet, but I walked through this particular aspect of the dispute in great detail because it’s crucial: Jerry Taylor has been assuring conservatives to trust him, that he knows better than those ideological know-nothings who reject taxes on principle, and that Taylor can work with reasonable Democrats to come up with a win-win revenue-neutral proposal. But when you actually click on the hyperlink and read the proposal Taylor promoted, you see it contains a huge tax increase. Rather than owning up to this amazing goof, Taylor obfuscates once again. Conservatives simply should not trust anything this guy tells them about a carbon tax swap deal.
==> At FEE I point out an interesting difference in tone between two Noah Smith columns at Bloomberg. When Smith is talking about a trade deal that DeLong estimated would make humanity $3 trillion richer, Smith thought that it was worth pursuing but not a big deal in the grand scheme. Yet when talks of climate change policy, Smith literally uses the phrase “saving the planet” and without explicit irony. What’s interesting is that when I really studied William Nordhaus’ DICE model (2008 calibration), he estimated that relative to doing nothing, if all governments around the world implemented a textbook-perfect carbon tax, then humanity would be $3.07 trillion richer.