Monthly Archives: June 2014

Climate change is the next market crash, says former Treasury secretary

Grist

It’s not every day that a Republican finance guy — one who remembers George W. Bush as a “terrific boss” — writes an op-ed in The New York Times imploring the nation to set up a carbon tax. Not this year, anyway; just a few years ago, it might’ve been ho-hum.

Once, the carbon tax was the conservative, free-market solution to the climate problem, as opposed to the big-government, heavy-handed-regulation solution. Now that so many Republicans don’t accept that there is any climate problem at all, the whole idea just looks like another evil tax to them. And when a former Treasury secretary under the GOP flag steps forward to advocate it — to insist that we have no choice, we’re crazy not to act fast and act big — it’s news.

In June of 2006, Henry Paulson left a position as CEO of Goldman Sachs to become secretary of…

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