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Hand over your job if you want to dream in green
Policy fantasies are dangerous because they cause direct harm, replacing plans that might actually work, and because they spread economic illiteracy that can negatively influence future policies. ...Right now, one of the most dangerous policy fantasies is the distracting notion that government can create so-called green jobs and should strive to do so enthusiastically.
While the principal proponent of the green jobs hokum, Van Jones, is now out of government, the idea still influences policy design.
October 5, 2009
by Kevin Hassett
in Bloomberg
There may be nothing so dangerous as a policy fantasy. A good one is like the H1N1 virus. It spreads on contact and threatens to infect everyone in its path.
Policy fantasies are dangerous because they cause direct harm, replacing plans that might actually work, and because they spread economic illiteracy that can negatively influence future policies. If we want to address global warming, and we should, we need to adopt a carbon tax or cap-and-trade program to penalize greenhouse-gas emissions. Just about anything else is a distraction.
Right now, one of the most dangerous policy fantasies is the distracting... [continue via Web link]
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