econospeak on carbon tax / permits

Peter Dorman at Econospeak has a good conversation going on the advantages of controlling carbon emissions through auctioning off limited permits rather than using a tax on consumption of carbon fuels. Naturally, this reminds me of my implied plug for permits in my review of Peter Barnes’ Capitalism 3.0 [parts 1 and 2]. Regardless, Dorman is on the money when he concludes

Folks, this is a very important issue at a very important time. In the next year the contours of the national debate over climate change policy will be set. Huge ecological consequences — and gobs of cash — are on the line. It is essential to start off in the right direction. I’d like to see enough clarity and truculence in the activist community that journalists are forced to take notice.