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Tyler Cowen Calls for Carbon Tax

In a recent article in U.S. News & World Report, George Mason University economics professor Tyler Cowen advocates the implementation of a carbon tax:

" Phase out all forms of capital income taxation, including the corporate income tax, and replace them with a carbon tax, including a gasoline tax. "Savings and investment boost economic growth, but when it comes to energy, global warming threatens as a major problem and our dependence on Middle Eastern oil damages our foreign policy."

Cowen is known as somewhat of a contrarian in the overwhelming libertarian econ department at Mason where even I got called a "socialist" by radical free-marketeers from time to time. I'm glad to see another sharp libertarian offering up such free liberal proposals.

Readers of this site will recall Carl Milsted's similar proposals on instituting a carbon tax.

~KDR

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