The Costs of Carbon Legislation
• Mises InstituteNobel laureate Paul Krugman has challenged critics of the government's intentions to regulate carbon dioxide emissions, and he has even specifically endorsed the pending Waxman-Markey bill which includes a "cap-and-trade" program. According to Krugman, the costs of such legislation are no big deal, and in exchange we avert catastrophe. So why all the criticism?
