The Michael Shermer Show cover image

186. William Nordhaus on the Economics of Global Warming, Pandemics, and Corporate Malfeasance

The Michael Shermer Show

00:00

The Use of Taxes in Public Finance

Smoking is a good example of how we've used fiscal instruments such as cigarette taxes, to reinforce our other ways of influencing behaviour. This is a whole uncharted area in public finance, the use of these what i call green taxes, or good taxes. And let and to let good taxes replace bad, bad taxes, bad as being taxes on things we want encourage, like people working or people saving. It's taken really a long time. In lot of work, wild people ine, thats a good analogy, cause it's clean air that we want. And and smoke filled air from cigarettes and cigars is not clean.

Transcript
Play full episode

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app