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- Would it be accurate for us to take this to mean that you reject carbon taxes and any Pigouvian schemes? What about cap-and-trade and other faux-market policies? Geoff, thanks for your discerning question. Let me openly acknowledge that while I am very concerned about using government to deal with...
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A-R: 1. Mises convincingly demonstrated in Socialism (1920) that socialism cannot calculate. Even a brilliant and well-meaning central planner cannot know the subjective valuations of all members of society. Without suffering profits or losses, there is simply no way for the state to know if it is meeting...