Issues / Democracy & Governance

The coming years will undoubtedly witness intensive negotiations on global warming as concerns mount and the quantitative approach under the Kyoto Protocol makes little difference. As policy makers search for more effective and efficient ways to slow the trends, they should consider the fact that harmonized environmental taxes on carbon are powerful tools for coordinating policies and slowing climate change.
It is customary early in the New Year to recommend good books to read. And the "Tao Te Ching" should be at the top of President Bush's list. Careening from crisis to crisis with approval ratings drooping, the president should consider the opening lines of chapter 80. "If a country is governed wisely, its inhabitants will be content."
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