Save the planet for 18 cents a day

Paul Krugman Blog: In his latest, Krugman notes that the Congressional Budget office estimates the cost to the economy of Waxman-Markey at 18 cents per person per day. That sounds like affordable environmental policy.

The kooks continue to use the economics as a shield for their real argument, which Krugman illuminates:

"we need to be clear about who are the realists and who are the fantasists here. The realists are actually the climate activists, who understand that if you give people in a market economy the right incentives they will make big changes in their energy use and environmental impact. The fantasists are the burn-baby-burn crowd who hate the idea of using government for good, and therefore insist that doing the right thing is economically impossible.