In an effort to bolster the federal Liberals shaky arguments for a semi-national, cash-circulating Rube Goldberg carbon-tax price mechanism, Prime Minister Justin Trudeau and his government are pointing to the work of William Nordhaus, one of this year’s Nobel Prize-winning economists.
Similar appeals to Nordhaus as bearer of a Nobel encyclical for the new tax have come from Environment Minister Catherine McKenna and Gerald Butts, Trudeau’s personal secretary.
Butts, a former World Wildlife Fund activist, earlier this month tweeted: “You can now choose between a Nobel Prize-winning economist and (conservative politicians) Kenney/Ford/Scheer when deciding who is right about the economics of pollution pricing.”
Aside from the twisted problems embedded in the Trudeau-Butts carbon-price scheme, there’s another niggling issue. Any reading of Nordhaus’s work on carbon taxation cannot avoid the conclusion that Canada’s half-baked, go-it-alone deployment of such a regime is doomed.
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