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« Previous Entry | Main | Next Entry » Simon Johnson on China and the U.S. Economy
Paul Solman: The second in this week's series of video exchanges with Simon Johnson of the Peterson Institute of Economics, MIT, and (formerly) the IMF, concerns China. We talked last month, on the occasion of Treasury Secretary Tim Geithner's visit to Beijing. -- Posted July 14, 2009 | Comments (1) | Permalink
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Simon Johnson lays out exactly the best way to raise petroleum/gasoline/carbon taxes:
Start low, and with a clear, visible rise that can be anticipated by everyone, over 10 years.
Exactly.
That's the great way to deal with carbon-emissions/auto mileage efficiency in a market-fashion. You can get a lot of benefits at once in this way. Needed revenue, convincing future revenue to help overseas buyers of US Treasuries retain confidence in the US economy, etc.
It seems every time we hear something from Simon Johnson, it's well thought out and great policy.