Comments on: The End of Cap and Trade? http://dmarron.com/2010/07/12/the-end-of-cap-and-trade/ Musings on Economics, Finance, and Life Thu, 17 May 2012 17:30:23 +0000 hourly 1 http://wordpress.com/ By: Walt French http://dmarron.com/2010/07/12/the-end-of-cap-and-trade/#comment-3714 Thu, 15 Jul 2010 03:51:06 +0000 http://dmarron.com/?p=3478#comment-3714 @William J McKibbin says, “The US should table this issue for a few years, and at least until Afghanistan, Iraq, the Gulf of Mexico, and the Wall Street restructuring are resolved…”

I suppose we’re supposed to be thrilled that in any foreseeable time frame, we’ll have completely solved the above, and not somehow managed to blunder into more of the same.

Suddenly, a feeling of mortality passes over me: I’m having a hard time imagining that I will live that long. Alternatively, @WJMcK may have a magic wand that suspends all externalities and allows those Americans, Chinese, Russians and Germans to keep enjoying the benefits of burning those fossil fuels, while others in this world enjoy the exhaust gases.

Let’s not wait a few decades before you wave it: if you want to claim incomplete markets are a better form of economic structure, OK; otherwise let’s enjoy the fruits of conservatives’ shibboleths.

]]> By: William J McKibbin http://dmarron.com/2010/07/12/the-end-of-cap-and-trade/#comment-3710 Tue, 13 Jul 2010 05:11:43 +0000 http://dmarron.com/?p=3478#comment-3710 The US is dealing with financial chaos, ecological catastrophes, and an ongoing war with terrorists overseas — how can the US have a fair and frank debate about cap and trade until those matters are resolved? The US regulatory agenda is too full already. The US should table this issue for a few years, and at least until Afghanistan, Iraq, the Gulf of Mexico, and the Wall Street restructuring are resolved…

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