07 July 2009

From Today's New York Times

To the Editor:

In “Betraying the Planet” (column, June 29), Paul Krugman asserts that those of us who oppose government regulation to deal with climate change are committing “treason against the planet.” I think Mr. Krugman is committing treason against reasoned debate.

One of the most compelling arguments against climate-change regulation is not that global warming isn’t occurring but, rather, that the dangers of further regulation far outweigh its likely benefits. Government regulation is inevitably a political animal; it’s never guided purely, or even largely, by disinterested science.

Is it treasonous to worry about the influence of interest groups on regulation? Is it treasonous to fear that centralizing more power in Washington will result in unforeseen negative consequences? Is it treasonous to believe that the threat to our well-being posed by further constraints upon markets is worse than the threat posed by higher temperatures?

Donald J. Boudreaux
Fairfax, Va., June 29, 2009
The writer is chairman of the economics department at George Mason University.