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.
Reason Magazine
New at Reason: Ron Bailey on the Cap-and-Trade Jobs Delusion
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