Opinions from economists

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Open uri20180119 4 bs5pg2?1516381481

Guntram Wolff, Director of Brussels-based think tank Bruegel

A European finance minister — as Juncker outlined it — is a misnomer that will create false expectations and confusion. […] It would be unwise to create totally new euro area institutions beyond the ESM that would only aggravate the division between countries inside the euro area and those outside.
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Jeroen Dijsselbloem, Former Dutch Finance Minister and former President of the Eurogroup

Quite a large number of ministers feel that to complement our toolkit with a fiscal capacity as a stabilization tool would be useful
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Reza Moghadam, Economist and Vice-chairman for sovereigns and official institutions at Morgan Stanley

Macron is right - the Eurozone needs a finance minister. [...] it focuses on the essential: a collective action mechanism for managing and stabilising economies in crisis. It also does so without the need for EU Treaty changes
Open uri20170328 4 1dowcas?1490730597

George Osborne, British politician

agrees Soda taxes
I am not prepared to look back at my time here in this Parliament, doing this job and say to my children's generation 'I'm sorry. We knew there was a problem with sugary drinks. We knew it caused disease. But we ducked the difficult decisions and we did nothing'.
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Francis Fukuyama, Senior Fellow at Stanford's Freeman Spogli Institute, political scientist

There are entire countries where Facebook Messenger has replaced email as the primary channel by which people communicate. This kind of power wielded at such a scale is unprecedented in human experience, and we need to think carefully about whether American democracy can continue to coexist with such power concentrated over the longer run.
Open uri20170831 4 1dafrgk?1504188392

Lawrence H. Summers, Harvard economist and former US Treasury secretary

agrees Health taxes
We have strong evidence from around the world that raising taxes on products like tobacco, sugar sweetened beverages and alcohol is highly effective at reducing harmful consumption and saving lives. I think this is about as close to free-lunch, win-win policy as economists have found
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Sheryl Sandberg, American technology executive, activist, and author

An open internet is critical for new ideas and economic opportunity – and internet providers shouldn't be able to decide what people can see online or charge more for certain websites.
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Pierre Omidyar, Founder at eBay & Omidyar Network

Everyone who takes an oath, puts on a uniform and serves with integrity deserves our gratitude and respect.
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Laura Tyson, American business academic

agrees Carbon Tax
Economists across the political spectrum agree that a carbon tax is the most effective way to discourage carbon consumption and lower the risks of catastrophic climate changes.
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Martin Feldstein, Economics Professor @ Harvard University & President Emeritus, National Bureau of Economic Research

agrees Carbon Tax
Two-thirds of American households will receive more in carbon dividends than they will pay directly in carbon taxes.
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Jefferey Sachs, American economist

agrees Carbon Tax
Each region of the world should introduce a tax on CO2 emissions that starts low today and increases gradually and predictably in the future
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Alex Tabarrok,

agrees Carbon Tax
Two hard ideas that the public must accept if we are to move to a cleaner energy future: nuclear power and carbon taxes.
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Gary Becker,

agrees Carbon Tax
We should seek out the many forms of subsidy that run through the entire energy enterprise and eliminate them. In their place we propose a measure that could go a long way toward leveling the playing field: a revenue-neutral tax on carbon, a major pollutant.
Open uri20170909 4 josmib?1504936281

Ted Gayer, Vice President and Director of the Economic Studies program and Joseph A. Pechman Senior Fellow

agrees Carbon Tax
A carbon tax, in which the revenues are used to off set economically harmful taxes or to pay down our deficit, would substantially low er the cost of climate policy compared to a cap-and-trade program that gives away allowances for free.
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Andrew Samwick, Professor of Economics at Dartmouth College and the director of the Nelson A. Rockefell Center

agrees Carbon Tax
Scrap CAFE, set a higher gas tax, and return the aggregate revenues from that gas tax through lower income taxes in a progressive fashion.
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Richard N. Cooper, American economist, policy adviser, and academic

agrees Carbon Tax
Levying a charge on CO2 raises the price of CO2-emitting activities,including fossil fuel use, and thus is the most direct method of influencing consumer and industrial behavior on a world-wide scale.
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Hal Varian, Chief Economist at Google

agrees Carbon Tax
...there are several good reasons that increasing the gasoline tax in the United States makes economic sense
Open uri20180507 4 1wgs0a1?1525683245

William Gale,

agrees Carbon Tax
The basic rationale for a carbon tax is that it makes good economic sense: unlike most taxes, carbon taxation can correct a market failure and make the economy more efficient.
Open uri20170910 4 1kjiabq?1505062971

Robert H. Frank, University of California, Berkeley, Georgia Institute of Technology

agrees Carbon Tax
Reducing CO2 emissions would actually be surprisingly easy. The most effective remedy would be a carbon tax, which would raise the after-tax price of goods in rough proportion to the size of their carbon footprint.
Open uri20170910 4 1ei647s?1505063485

Alan Blinder, Economist

agrees Carbon Tax
The 'bang for the buck' from a phased-in CO2 levy would be infinite at first—lots of jobs at zero cost to the federal budget.
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Herman Daly,

agrees Carbon Tax
a stiff severance tax on carbon, levied at the well head, mine mouth, or port of entry, would go a long way by both reducing carbon use and giving an incentive for developing alternative carbon-free technologies.
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WiIlliam Nordhaus, Professor of economics at Yale University

agrees Carbon Tax
Actually from an economic point of view, it's a pretty simple problem
Open uri20170910 4 19vro43?1505063138

Art Laffer, American economist who first gained prominence during the Reagan administration as a member of Reagan's Economic Policy Advisory Board

agrees Carbon Tax
A carbon tax would attach the national security and environmental costs to carbon-based fuels like oil, causing the market to recognize the price of these negative externalities.
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Irwin Stelzer, Economist, journalist for Sunday Times (London), consultant

agrees Carbon Tax
No need to compromise on the one solution that almost every economist agrees would be a prudential, efficient way to reduce emissions—a carbon tax.
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Nouriel Roubini,

agrees Carbon Tax
It Is High Time for a Carbon Tax
Open uri20170908 4 1l5fjc4?1504901095

Robert Shapiro, Chairman of economic advisory firm Sonecon, IMF advisor, former U.S. Under Secretary of Commerce. Bl

agrees Carbon Tax
The risks of climate change continue to grow. Global, harmonized net carbon taxes could contain those risk s in an economically-efficient and politically-feasible way.
Open uri20170908 4 1kedbxt?1504900173

George Shultz, American economist, statesman, and businessman

agrees Carbon Tax
There has to be a way to level the playing field and cause those forms of energy to bear their true costs. That means putting a price on carbon.
Open uri20170908 4 13bbc7i?1504897543

Robert Reich, American political economist

agrees Carbon Tax
The single most important thing we can do -- the single solution -- is to put a price on carbon.
Open uri20170908 4 1tzjofo?1504897250

Richard Posner,

agrees Carbon Tax
Stiff taxes will put pressure on the energy industry to achieve technological breakthroughs (such as sequestration of carbon dioxide) that will greatly reduce the use of fossil fuels.
Open uri20170909 4 dojyyd?1504921256

Richard Thaler, Professor of Behavioral Science and Economics, faculty director

agrees Carbon Tax
Consider a recent poll of a panel of economists conducted by the University of Chicago Booth School of Business, where I teach… [Forty-one] economists in [a poll conducted by the] University of Chicago … were asked whether they agreed with this statement: ‘A tax on the carbon content of fuels would be a less expensive way to reduce carbon-dioxide emissions than would a collection of policies such ... See More
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Bruce Bartlett,

agrees Carbon Tax
Trump infrastructure and tax plans should include flood control and a carbon tax.
Open uri20170901 4 ylyiwi?1504262299

Heiner Flassbeck, Economist

disagrees Basic Income
(Pro UBI) argument is that, today, the technological evolution is destroying so many jobs that there is no longer any other choice than to decouple income from work. This argument is absurd for many reasons, but mainly because productivity nowadays is rising much slower than several decades ago. If, one day, productivity would increase substantially again, it will be both possible and necessary to... See More
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Jared Bernstein, Senior Fellow at the Center on Budget and Policy Priorities

disagrees Basic Income
Are the good, effective anti-poverty programs currently in place fully funded? I’m quite certain they’re not, and thus the question for progressives is what gets us the bigger inequality-and-poverty-reducing-bang-for-the-buck: a dollar to UBI, or a dollar to things like quality pre-school, the EITC and CTC (wage subsidies for low-income, working families), expanding Medicaid, SNAP (food stamps), a... See More
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MIchael Hudson, Economist. Research Professor of Economics at the University of Missouri, Kansas City.

disagrees Basic Income
The problem’s not only income, but what people have to spend it on. Paine didn’t talk about universal income, he talked about everybody should have the right to a place to live, a means of their own self-support. That’s independent from income. Once you economize and financialize it, you put in a distortion. You don’t want to give people income to buy what really should be public goods and servic... See More
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Paul De Grauwe, Economist. Professor in European Political Economy at the London School of Economics

disagrees Basic Income
A universal basic income that has the ambition to ban poverty from the world, is then immensely expensive. That doesn’t need to surprise you. To give the poor (a minority in society) a basic income, you have to also provide a basic income to the large majority that doesn’t need it. This leads to new problems. The working majority receives a basic income that stands loose from labor efforts, bu... See More
Open uri20170707 4 1fj7hfz?1499455572

Richard D. Wolff, Marxian economist. Professor of Economics Emeritus, University of Massachusetts, Amherst

disagrees Basic Income
UBI creates a new difference between those people who work and earn a living and those people who, for wathever reason, don't work but still earn a living. This is going to create two classes of people (...) and for me the big issue is why do that?. I like the idea of community building by not having people that are extremely wealthy or extremely poor, but I don't like this way of doing it, becau... See More
Open uri20170706 4 15fcvjw?1499369036

Randall Wray, Professor of Economics at U. Missouri–Kansas City, Senior Scholar at Levy Economics Institute

disagrees Basic Income
I do not support sending a BIG check to everyone. It is a devaluation of the currency, as prices rise so that the BIG payment essentially becomes the entry price to the marketplace. So we will need to target the BIG to those who do not (or cannot) work. Yes there’s some stigma. But, first we implement Employer of Last Resort so that anyone who is ready and willing to work has a job in the Job Gua... See More
Open uri20170705 4 19hiccd?1499254185

Pavlina R. Tcherneva, Economist. Chair of the Department of Economics at the Levy Economics Institute, Bard College, NY

disagrees Basic Income
There is almost a ‘neoclassical market equilibrating assumption’ behind most BIG analysis that says: “as long as people have cash, the market will magically provide the goods for them, allow them to acquire assets, provide them with the freedom to do what they please, etc. etc.” If the market hasn’t solved these problems now, why would it do so just because people get cash? All structures that ma... See More
Open uri20170607 4 uymgbk?1496817266

Guy Standing, University of London Professor, co-founder of the Basic Income Earth Network (BIEN)

agrees Basic Income
It is very much the belief of us who favour a basic income that 99 per cent of people want to improve their lives. If you do not have basic security you cannot be rational
Open uri20170515 4 nq8k7z?1494876493

Thomas Piketty,

disagrees Basic Income
I have difficulty in understanding those who insist on wishing to pay a basic income of 500 Euros per month to those earning a salary of 2000 Euros, and then deduct the same sum by raising their taxes deducted at source.
Open uri20170303 4 1ucpmc3?1488526980

Bryan Caplan, GMU econ professor, blogger, author

disagrees Basic Income
The Universal Basic Income is indeed worse than the status quo. In fact, all the fundamental criticisms of the welfare state apply with even greater force.
Open uri20170129 4 zdd4qs?1485688448

Martin Ravallion, Economist

agrees Basic Income
A basic-income guarantee would dominate net workfare earnings in terms of the impact on poverty for a given budgetary outlay.
Open uri20170129 4 1usuax2?1485688447

Ailsa McKay, Feminist Economist

agrees Basic Income
A Citizens Basic Income (CBI) would ensure that the financial gains from paid work were always positive and would provide a more secure base for individuals to opt in and out of the labour market, thus promoting greater flexibility with respect to individual life choices.
Open uri20170328 4 1c61wcm?1490732928

Lord Robert Skidelsky, Economist

agrees Basic Income
An unconditional basic income would make part-time work a possibility for many who now have to work full-time at minimum wages; it would also start to give all workers the same choice as to how much to work, and under what conditions, as is now possessed by owners of substantial capital.
Open uri20170129 4 bgkm3s?1485688420

Philippe Van Parijs, Professor at the Faculty of Economic, Social and Political Sciences of the University of Louvain

agrees Basic Income
Basic Income: a simple and powerful idea for the twenty-first century
Open uri20170129 4 1t4ks57?1485688404

Jeremy Rifkin, American Economic and Social Theorist, Author, Political Advisor

agrees Basic Income
Basic income is not a utopia. It's a practical business plan for the next step of the human journey
Open uri20170129 4 1gwzuvm?1485688346

Pranab Bardhan, Berkeley Economics Professor

agrees Basic Income
India should consider replacing inefficient subsidies with a basic monthly income for all citizens
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Joseph Stiglitz, Nobel laureate economist based at Columbia University

disagrees Basic Income
You want your government to think more carefully about targeting programmes that help those in need, rather than universal. That’s a trade-off given the budget constraints on the public sector
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Tyler Cowen, Professor of Economics, George Mason University & author of Average is Over

disagrees Basic Income
"Let’s send a check to everyone" is an appealing idea, but I've come around to the view that doing so would do more harm than good. [...] It eventually would choke off immigration to the U.S. Voters don't like sending money to immigrants.
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Jean-Yves Duclos, Minister of Families, Children and Social Development in Canada

agrees Basic Income
I think it’s the principles behind the idea [of a guaranteed income] that matter. These principles are greater simplicity for the government, greater transparency on the part of families and greater equity for everyone
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