You don't help a depressed economy by giving control of its resources to politicians.
Given the large uncertainties at each major step of the case for reliance on a carbon tax, economists should reconsider their current support for such a policy.
Those who controlled private capital largely walked away from the US economy for the entire 1930s, refusing to pump in enough new investment even to replace the machinery and goods-in-process that were consumed during the decade.
I reject the peak oil theory insofar as it refers to technological limits on human ingenuity.
