2022/08/22
By Paul Krugman
Three and a half years ago, an open letter that more than 3,600 economists eventually signed declared that “climate change is a serious problem calling for immediate national action.” The signatories included 15 former chairs of the Council of Economic Advisers, more than half of whom served under Republican presidents — a display of bipartisanship that contrasts sharply with the lock-step opposition of Republicans in Congress to the national action we’re finally taking in the form of the Inflation Reduction Act (which, despite its name, is mainly a climate bill) that President Biden is expected to sign today.