The government’s new commitment to reducing what President Obama calls “carbon pollution” will, it seems, make us all more prosperous through the miracle of regulation. As Roger Meiners explains on “The Percolator,” the Department of Energy claims that a new regulation covering microwaves will yield:
The losers will be the producers, sellers, and consumers of microwaves. And there will be some small savings in aggregate consumption of electricity. But these are insignificant considerations. The real money is in reduced carbon dioxide emissions, as determined by something called the “Social Cost of Carbon,” which:
And the more CO2 that we don’t produce, the richer we will be. Especially if we keep jacking up the price of that carbon, even though:
And:
So:
