Multiplayer Game, Virtual Currency Monetization Platform (Photo credit: IvanWalsh.com)
Met Police AGW (Photo credit: kenjonbro)
.....Over-riding everything in this question is the unthinking, un-acknowledged destruction from jacking up energy prices. This always hits the poor hardest, as I have discussed elsewhere. Energy taxes, including carbon taxes and “monetizations” are the most regressive tax of all.Let me recapitulate my two main objections to carbon monetization. The first is that for many issues, including carbon, there is no agreed upon way to establish the monetary values. In the case of CO2 there are questions about the very existence of such costs, much less their value. As the NYT article points out, there is great disagreement over the $21 figure even among those who agree that there is some social cost to CO2. Since there is no actual evidence of any actual costs, this is all merely claims and counterclaims, even between adherents. There is no objective way to settle the disagreements.
My second objection is that while people are often in a hurry to monetize the social costs of something, they rarely take the necessary other step. They rarely are in a hurry to monetize the social benefits of something. But if you do one, you have to do the other. After all, this is why it’s called a “cost/benefit” analysis …
...PPS—Note that I’ve only considered one single social benefit, the increase in plant production. Since their claimed costs relate to claimed future temperature rises, how about the benefit of increased ice-free days at the northern ports if temperatures do rise? And the longer growing seasons if temperatures increase? How much are they worth worldwide? They likely have included the extra costs from air-conditioning to fight the fabled future heat, but have they included the reduction in winter heating? I could go on, but I’m sure you get the point. The whole thing is an exercise in fantasy, shifting sands with no clear answers.
New Victims In The War On Painkillers
year I wrote a three-part series for Huffington Post that asked some
questions about the latest panic over opioid painkillers, and its effect
on pain patients, doctors, and medical treatment. I r...
- 1 day ago
Mayor Michael Bloomberg has another critic over his administration’s decision to ban food from homeless shelters, because, as CBS reported, the city “can’t assess their salt, fat and fiber content.” Public Advocate Bill de Blasio announced his opposition while challenging the basic rationality of the plan
declaring it to be in effect shoddy and error prone. It is now no longer on the ESRI working paper site, but the ever reliable Michael Taft has an extensive summary of it here and the entire paper can be downloaded here. Why it felt the need to create a precedent where none existed is unclear. This is worrying for those of us concerned with academic freedom. The ESRI press release states the ostensible reason for withdrawal as
“it has emerged that the underlying analysis requires major revision and that the paper’s estimates overstate the numbers of people who would be better off on the dole * than in work.”This seems to me to fly in the face of how research works. The ESRI working paper series is like any other. Papers start as ideas, then go to drafts then to working papers and then after informal and formal critiquing at seminars and conferences may be submitted for publication where extensive peer review suggests major revisions and then perhaps eventual publication. If the ESRI are now to require all working papers to be error free then they should set up a journal. As a journal editor the only time I would countenance the withdrawal of a paper from any series or publication is if it becomes clear that there is plagiarism, fraud or unethical behavior. None are alleged here. What is clear is that the public debate spooked the ESRI.