Once again, professor, you can’t equate a tax and a price

Professor Stephen Gordon of Laval University has responded to my earlier post and to an op-ed by National Post writer Peter Foster.Both Foster and I noted that there is an important distinction between a tax and a price. Professor Gordon is right that a tax on carbon affects the price of carbon—neither Foster nor I had ever maintained that it didn’t.But that doesn’t mean that a tax is the same as a price.And if Professor Gordon was trying to persuade readers that he sees the difference, he has failed miserably. Indeed, his response suggests that he comes close to equating

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