careful what you wish for

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May 15, 2009 by juniorannex

On occasion and what with the economy in the tank, some folk muse openly about imposing carbon based penalties on China – a new form of protectionism if you will.   The implications of this need to be understood before our poll happy politicians attempt to score domestic points – fortunately some cautionary thoughts are available over at Marginal RevolutionRTWT.

  • It can be very hard to identify and isolate the energy inputs into an exported product, especially if the host government is uncooperative and a lot of money is at stake.
  • Last I checked China was funding a big chunk of our government’s debt.  Confronting them would have to be bundled with a regime of extreme fiscal conservatism and unilateral foreign policy.
  • Chinese citizens wanting clean air at home are possibly our biggest ally so let’s not alienate them.
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Of all tyrannies, a tyranny sincerely exercised for the good of its victims may be the most oppressive. It would be better to live under robber barons than under omnipotent moral busybodies. The robber baron'scruelty may sometimes sleep, his cupidity may at some point be satiated; but those who torment us for our own good will torment us without end for they do so with the approval of their own conscience. C.S. Lewis

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