Karl Smith Defends Keynesian Stimulus and Carbon Taxation

06/24/2019 Robert P. Murphy

Bob Murphy has a friendly discussion and debate with Karl Smith. First, Bob pushes Karl to clarify the conditions under which government deficit spending could, even in theory, help a depressed economy. Then, they switch to the economics of climate change, and Bob’s view that the case for a carbon tax is much weaker than most economists admit.

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