According to a growing band of economists, we'd be better off using a carbon tax to reduce greenhouse gas emissions, not the emissions trading scheme the Rudd Government introduced to Parliament this week.
My opinion? Don't believe it. It may be a case of the grass being greener on the other side of the fence. Whichever way the Government had jumped there'd be a bunch of economists arguing that the other way would have been better.
What unconsciously worries them, I suspect, is the knowledge that we're dealing with a form of microeconomic reform that limits economic growth rather than promoting it.
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