Against Subsidies Or Science?

by Zoe Pollock

Jonathan Chait skewers George Will's latest column bashing electric car subsidies:

There is, on the surface, a basic economic logic here. In general, the government should not rig the market to subsidize product A over product B. However, if product B creates the  negative externality of emitting massive amounts of carbon dioxide into the atmosphere, then you have a compelling reason to rig that market, one that any economist would grasp. ...

The problem is that Will thinks climate science is a giant hoax. And obviously if you think carbon emissions are harmless, then you won't support any program to mitigate them, because even a dollar spent to reduce climate change is a dollar wasted. So, when Will is instructing his readers to oppose this or that carbon-reduction program, perhaps he should note his scientific premises.