Wednesday, November 19, 2008

I was in line with Keynes!

I am flabbergasted to know that my Imagestreamed suggestion for handling a controlled reduction of carbon dioxide emissions, the set up of an international environmental fund (EMF, based on IMF) was very much like the original proposal from Keynes back in 1944 for a world stabilization fund.

Unfortunately, his ideas were not accepted and the IMF and World Bank were set up instead.

My idea was to tax countries who overshoot emissions targets. His idea was to charge interest on the amount the country was in trade imbalance.

The principle of countries' being taxed on target overshoots is a good one, and could be used for trade balance and carbon dioxide emissions.

It just goes to show the power of imagestreaming, this was an area I was completely green in!

No comments:

Add to Technorati Favorites