Robert Samuelson continues his disinformation campaign on energy policy. Samuelson repeats his past misunderstanding of the carbon tax vs. carbon trading issue. He accuses environmentalists of placing a hidden tax, even though there is more to the issue and he has already been beaten up for this false accusation before. While carbon trading and a carbon tax may have similar outcomes, carbon trading uses markets to set the price of carbon while a carbon tax sets an arbitrary price for it. There are some good economic arguments for using the tax instead of the market, but Samuelson doesn’t under them. It’s easier for him to concoct an environmentalist conspiracy than understand issue.
