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IPFS News Link • Climate Change

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

08-17-2009 • Washington Blog

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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