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Economists Who Invented Cap-And-Trade Say It Won’t Work for Global Warming

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Washington’s Blog
Tuesday, August 18, 2009

I have repeatedly argued that – no wonder what you think about climate change – carbon trading (a type of cap-and-trade scheme) is a scam.

Now, according to the Wall Street Journal, the economists who invented the entire cap-and-trade concept say it probably won’t work in regards to climate change.

Whatever you think about global warming, carbon trading is a scam which will only create a new profit-making machine and speculative bubble for Goldman Sachs, JP Morgan and the rest of the boys who caused the financial crisis.

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This article was posted: Tuesday, August 18, 2009 at 4:07 am





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