First, even though the economists declare that their proposal will be revenue-neutral (i.e., it is offset by other tax and fee reductions so that it extracts no additional revenue from the public), they offer no guarantee but their word that politicians would adhere to this promise as opposed to treating carbon taxes as yet another lucrative revenue stream for public expenditures.
Indeed, several of the carbon tax’s most vocal proponents, such as the misnamed  Niskanen Center, openly extol its promised ability to fill the government’s coffers with additional revenue for an assortment of spending projects.
While the Niskanen Center’s own carbon-tax proposal also touts a claim of revenue neutrality, a perusal of its many essays and public comments on the topic reveals a pronounced enthusiasm  for tapping this new revenue stream for a multitude of other spending projects.
His childlike ignorance — preserved by a lifetime of single-minded self-promotion — concerning governance and economics guarantees that whenever he must interact with experienced and accomplished people, he is as bewildered as a kindergartener at a seminar on string theory.
Undocumented immigration does not increase violent crime in the United States . (HT David Levey)
The better name for the book, then, would be Innovism in America. What matters for progress—never mind “capitalism”—is encouragement to innovation, which depends on the acceptance of an ideology of innovation. Though one would have liked in the book a little more attention to the birth of liberalism and innovism in Holland and especially Britain, America is indeed exceptional. And the success of government by the people, for the people, and for their pursuit of happiness, was certainly crucial to the Great Enrichment worldwide. But it was habits of the lip, not money and banking that mattered most. Greenspan and Wooldridge quote Tocqueville noting that Americans were willing to “put something heroic into their way of trading,” down to movies about Ray Kroc and Joy Mangano, warts and all. Yes.