Rogoff’s Global Carbon Tax – Give the Money to China


QUESTION: Mr. Armstrong; What do you think about Harvard Professor Kenneth Rogoff who advocates a global carbon tax and then takes that money and hand it to China to subsidize them ending coal to generate electricity?

I think he has lost his mind.

HC

ANSWER: This is why major institutions have ZERO respect for academics. They have no concept of the real economy because they have never had to actually roll up their sleeves and deal with a crisis. They have never seen firsthand how capital actually moves. They also see people as an endless source of taxes. Just unbelievable.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.