One thought on “Wow… ‘Milton Friedman professor of economics’ at UChicago calls for CO2 tax”
I am stunned to hear that ANY ‘professor of economics’ would advocate complete global micromanagement of the price of any major commodity, let alone a large family of related commodities.
Every Black Market in history has its origins in artificial price controls – be they tariffs, taxes, bans, or fiats – and Black Markets are by definition beyond the reach of authoritarian controls. The profiteers who participate in Black Markets thrive because they provide goods/services that the public wants with a desire that exceeds their fear of their own governments, and they do NOT pay taxes to those governments.
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I am stunned to hear that ANY ‘professor of economics’ would advocate complete global micromanagement of the price of any major commodity, let alone a large family of related commodities.
Every Black Market in history has its origins in artificial price controls – be they tariffs, taxes, bans, or fiats – and Black Markets are by definition beyond the reach of authoritarian controls. The profiteers who participate in Black Markets thrive because they provide goods/services that the public wants with a desire that exceeds their fear of their own governments, and they do NOT pay taxes to those governments.