Ghost of Milton Friedman Materializes in Chicago, Endorses a Price on Carbon

[The Huffington Post ]...Steve Cicala, who is an assistant professor at the U of C's Harris School of Public Policy, then brings us into the logic of Friedman's conclusion with a hypothetical. Let's pretend, he says, that he owns a steel mill that sells its product for $100 a ton. And let's further pretend that co-panelist Michael Greenstone, who is the U of C's Milton Friedman Professor of Economics, lives downwind from his mill. Read more