Warning Signs: Nutty Professors and Nutty New Taxes

Alan S. Binder is a professor of economics and public affairs at Princeton University and a former vice chairman of the Federal Reserve. All of which might explain why the nation is broke and why “intellectuals” like Binder are responsible for some of the most stupid ideas ever imposed on citizens who lack their credentials.

In the January 31st edition of The Wall Street Journal, Binder had a commentary titled, “The Carbon Tax Miracle Cure.” It is a masterpiece of ignorance.