Waiting On Innovation, Ctd

Jim Manzi parries Ryan Avent:

If by "innovation" in response to higher gas
prices, we mean switching to smaller cars and taking the bus and riding
bicycles more often, then I agree entirely that higher gas prices in
the U.S. will induce innovation.

Avent dissects this response. Jim sharpens his point in the comments:

I was trying to question the often-asserted belief that raising theprice of carbon any politically conceivable amount would induce thecreation of enough new technology to...