The central
fact of Congress's new cap-and-trade bill, the American Clean
Technology and Security Act, is that it will increase the price
of energy. In an attempt to ward off voter displeasure over
higher energy prices brought about by carbon rationing, the
denizens of Capitol Hill have tacked on a number of policy
obfuscations designed mask the increases. As Science Correspondent
Ronald Bailey explains, this means that energy prices will be even
higher than they would otherwise be. Welcome to the wonderful
looking-glass world of cap-and-trade politics!
Reason Magazine
New at Reason: Ron Bailey on Congressional Cap-and-Trade Deceit
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