The cap-and-trade carbon rationing proposal just introduced in Congress aims to address the problem of man-made global warming. Proponents claim that it will also "create jobs by spurring investment in renewables and efficiency." Not so, says Science Correspondent Ronald Bailey. The cap-and-trade scheme functions like a tax, which even the head of President Obama's Council of Economic Advisors says will reduce economc growth. And reduced economic growth means fewer jobs, not more.
GET REASON MAGAZINE
Get Reason's print or digital edition before it’s posted online
- Video Game Nation: How gaming is making America freer – and more fun.
- Matt Welch: How the left turned against free speech.
- Nothing Left to Cut? Congress can’t live within their means.
- And much more.