August 13, 2009. The economists who invented cap and trade think its not likely the right choice for controlling global emissions. The one who's still living, Thomas Crocker, who invented it in the sixties, thinks a carbon tax would work better. WSJ story

"You cap and you trade [to] pay for investments in energy independence." No, actually, that's the reason for "tax and spend." We need some of that, but a capping is the most regressive tax.

Cap and trade's a way to hide a carbon tax. Instead they should listen to James Hansen, and refund the revenues equally per person. That works almost for free. It's too tricky to explain right here, but it's in my book: Carbonomics: How to Fix the Climate and Charge It to OPEC. $15 on Amazon, or click that link and get the PDF for free.

February 6, 2009.  Speaker Pelosi is promising to pass a cap-and-trade, climate bill this year. But James Hansen, the top climate-change scientist for 20 years, is saying that such a bill "will practically guarantee disastrous climate change." Read more on the controversy here: Cap-and-Trade Secrets