Could it really be that Waxman-Markey would be good for the economy? It's already clear that cap and trade, a carbon tax, or something is necessary to wean us from overreliance on carbon-intensive energy sources. Now this:
I know what you're thinking. "That's NYU. A bunch of pointy-headed liberals in a liberal east coast city." Well, that might be true,1 but the news article I'm quoting from didn't appear in the Village Voice, or even the New York Times. No, it's from that bastion of liberal opinion known as the Wall Street Journal, running under the headline "Waxman-Markey: Benefits Far Outweigh Costs, New Study Finds".
As flawed as it may be, the Waxman-Markey climate bill makes economic sense, offering benefits worth at least twice as much as it costs, if not more.The paper referred to is from New York University's Institute for Policy Integrity: The Other Side of the Coin: The Economic Benefits of Climate Legislation.
"From almost any perspective and under almost any assumption, H.R. 2454 is a good investment for the United States to make in our own economic future and in the future of the planet," the paper concludes.
I know what you're thinking. "That's NYU. A bunch of pointy-headed liberals in a liberal east coast city." Well, that might be true,1 but the news article I'm quoting from didn't appear in the Village Voice, or even the New York Times. No, it's from that bastion of liberal opinion known as the Wall Street Journal, running under the headline "Waxman-Markey: Benefits Far Outweigh Costs, New Study Finds".
Hat tip: John Whitehead
1I say "might" because this is the first time I've encountered the Institute for Policy Integrity, and it's entirely possible that they have a conservative bent. Conservatives may be less common than liberals in east coast universities, but they're certainly around.
1I say "might" because this is the first time I've encountered the Institute for Policy Integrity, and it's entirely possible that they have a conservative bent. Conservatives may be less common than liberals in east coast universities, but they're certainly around.
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