Quote of the Day: A Dismal Scientist on our Dismal Energy Future

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From Tyler Cowen, explaining (part of) his worldview:

If you study tech, you will see a bright present and also a bright future. If you study K-12 education, you will see a mixed to dismal present and a possibly bright future. If you study energy economics and the environment, you will see an OK present and a dismal future, no matter what policies we choose.

That’s hard to argue with, and it explains why Tyler isn’t sure a carbon tax would do much good (though he favors one anyway). Click the link for a longer list of reasons to be skeptical. Most of them are well taken, but as usual, I’d ask “Instead of what?” That is, even if a carbon tax has limited effectiveness, is it better or worse than the alternatives? My own take is that even if a carbon tax accomplishes only a third of what its supporters hope for, that still makes it a better way of raising revenue than an income tax, a payroll tax, an excise tax, a capital gains tax, a sales tax, or a dividends tax. If I’m going to discourage an activity, even just a little bit, I’d say we’re better off discouraging use of dirty energy than we are discouraging work, imports, investment, or consumption. That’s especially true since the latter taxes seem to discourage the latter activities only slightly, while carbon taxes appear to be reasonably effective at discouraging fossil fuel use. At the margins, and even granting that it’s no panacea, it still seems like a better bet than most of the alternatives.

UPDATE: Reworded slightly to make clear that a carbon tax discourages only dirty energy use, not all energy use. Obviously it encourages people to switch to clean energy like wind, solar, geo, etc.

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SIX TRUTHS

Reclaiming power from those who abuse it often starts with telling the truth. And in "This Is How Authoritarians Get Defeated," MoJo's Monika Bauerlein unpacks six truths to remember during the homestretch of an election where democracy, truth, and decency are on the line.

Truth #1: The chaos is the point.

Truth #2: Team Reality is bigger than it seems.

Truth #3: Facebook owns this.

Truth #4: When we go to work, we're in the fight.

Truth #5: It's about minority rule.

Truth #6: The only thing that can save us is…us.

Please take a moment to see how all these truths add up, because what happens in the weeks and months ahead will reverberate for at least a generation and we better be prepared.

And if you think journalism like Mother Jones'—that calls it like it is, that will never acquiesce to power, that looks where others don't—can help guide us through this historic, high-stakes moment, and you're able to right now, please help us reach our $350,000 goal by October 31 with a donation today. It's all hands on deck for democracy.

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