Source: Adam Smith Institute
by Tim Worstall
“Of course it’s possible to insist that climate change isn’t a thing, if it is it’s of no matter, or that we’re not doing it. It’s also true that whatever the truth of any of that society as a whole insists it is, it is and we are therefore something must be done. At which point we should have had a carbon tax …. At which point we would be done. Lower petrol tax and raise, modestly, taxes elsewhere and we’ve solved climate change. All of which is, of course, just a repeat of the grand lesson of the 20th century. Those places which tried to use planning, direction and insistence as a method of economic management remained poor. All of those that used markets and prices to achieve the same end, that of economic management, became grossly rich by global or historical standards.” (01/22/26)
https://www.adamsmith.org/blog/how-hugely-cheap-a-carbon-tax-would-have-been