Call me a neo-liberal, but I can see no reason to subsidize the purchase of an EV. It's as crazy as subsidizing solar panels instillation on roof tops. Per EV mile driven or per KwH produced might be a fourth best substitute for a tax on net CO2 emissions, but the up-front purchase? No, please redo the CBA of this policy.
Presumably there will be an open and honest calculation of the amount of government monies the US spends on subsidizing oil - including the direct and indirect military costs of policing the Middle East even though the US no longer directly imports much fungible oil directly from there - and those subsidies will also be ended?
:) I've been skeptical of government support to the oil industry, since the Texas Railroad propped up US oil prices in the '50 commission and allowed percentage depletion instead f depreciation of investments in drilling.
Duy: I certainly hope the Fed's model of the effects of its policy instrument settings spits out a lot of outcomes: inflation (average and by major sectors), employment (total and by major sectors), GDP, housing starts, private investment, etc. Why should the Fed "think" about wages more than any other set of prices? Aren't wages endogenous?
As another member of Team Transitory, I applaud your essay in Time. However, I'm afraid that the Fed has committed too deeply to their crash drive policy. The pressure hull is about to collapse and millions will down in unemployment.
Yes indeed! The TRR Commission was a trip!
Call me a neo-liberal, but I can see no reason to subsidize the purchase of an EV. It's as crazy as subsidizing solar panels instillation on roof tops. Per EV mile driven or per KwH produced might be a fourth best substitute for a tax on net CO2 emissions, but the up-front purchase? No, please redo the CBA of this policy.
Presumably there will be an open and honest calculation of the amount of government monies the US spends on subsidizing oil - including the direct and indirect military costs of policing the Middle East even though the US no longer directly imports much fungible oil directly from there - and those subsidies will also be ended?
:) I've been skeptical of government support to the oil industry, since the Texas Railroad propped up US oil prices in the '50 commission and allowed percentage depletion instead f depreciation of investments in drilling.
YES! TRRC a trip!
Duy: I certainly hope the Fed's model of the effects of its policy instrument settings spits out a lot of outcomes: inflation (average and by major sectors), employment (total and by major sectors), GDP, housing starts, private investment, etc. Why should the Fed "think" about wages more than any other set of prices? Aren't wages endogenous?
As another member of Team Transitory, I applaud your essay in Time. However, I'm afraid that the Fed has committed too deeply to their crash drive policy. The pressure hull is about to collapse and millions will down in unemployment.