Bob has a friendly discussion/debate with Karl Smith. First Bob pushes Karl to clarify the conditions under which government deficit spending could, even in theory, help a depressed economy. Then they switch to the economics of climate change, and Bob’s view that the case for a carbon tax is much weaker than most economists admit.

Mentioned in the Episode and Other Links of Interest:

• Karl Smith’s article archive at Bloomberg.
• Karl’s twitter account.
• Bob and Karl’s live (online) debate.
• Bob’s (co-authored) Cato article critiquing a carbon tax.
• How you can contribute to the Bob Murphy Show.

The audio production for this episode was provided by Podsworth Media.