"Four former Federal Reserve chairs from both parties joined with a group of leading economists in endorsing a plan to tax carbon dioxide emissions and return the funds to taxpayers.
Janet Yellen, Ben Bernanke, Alan Greenspan and Paul Volcker, along with dozens of former chairmen of the Council of Economic Advisers and Nobel Laureate economists, signed on to an opinion piece published in The Wall Street Journal Wednesday evening laying out principles for a carbon “dividend” plan that they would support.
“By correcting a well-known market failure, a carbon tax will send a powerful price signal that harnesses the invisible hand of the marketplace to steer economic actors towards a low-carbon future,” they wrote."
Source: The Hill, 01/18/2019
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