Waiting On Innovation, Ctd

Tyler Cowen didn't like the cap-and-trade bill, but he still supports a carbon tax. His logic should be familiar to anyone who follows energy debates:

Even if we cut government spending a lot, some taxes will have to go up. 
This seems like the least bad tax to raise or create, since it has some
chance of producing a better outcome.  It's hard to say that about most
of the other potential tax boosts.

Tyler Cowen - Tax - Emissions trading - Energy - Carbon tax