Green Jobs Yet Again

John Whitehead’s green jobs freight train has apparently completely burned its brakes on the run out of the mountains, and is hurtling headlong toward we know not what. In this morning’s epistle, Whitehead quotes a Forbes listing of the new green jobs (Could Forbes really misunderstand macroeconomics? This being a blog and not real journalism, …

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Liberal? Socialistic?

A couple of months ago in this space, a commenter responded to a post about economists favoring a carbon tax as a response to climate change by asking whether said economists were “liberal and socialistic”. The question is perhaps best answered by reference to former advisors to George W. Bush and Ronald Reagan who favor …

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Elasticities in the Short and Long Term

Via Dessler and Revkin, an interesting interview with economist Gary Yohe that gets to the heart of the puzzle about gasoline consumption this year. Gas prices soared over the summer, but consumption dropped only a bit (on the order of 3-5 percent year-over-year). The question posed by critics of a carbon tax as a greenhouse …

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