Rogoff's advice to the future president

There is no doubt that there are many other symbolic gestures a new president can make, but a carbon tax would cut to the heart of what’s wrong with America’s place in the world today—politically, economically, and socially. Let’s not kid ourselves: Taxing gas and other carbon emissions will be wildly unpopular among American voters, at least at first. Many will say it is a political nonstarter. But that is precisely why children everywhere will be so grateful that a courageous American president will have finally put the United States back on its proper fiscal—and moral—track.

-What America Must Do: Step on the Gas