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Ferdinand E. Banks'
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scfranklin94, what a beautiful observation!. Yes, the purpose of cap-and-trade is to rob the ratepayers. But I can understand the enthusiasm of the TV commentators and viewers for this scam. Turn to any elementary book on economics and its author will assure you that cap-and-trade is the way to go, which is why I told my students that anyone reading and repeating that nonsense was assured of a failing grade.
Nov 20 10:28 am
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All Comments by Ferdinand E. Banks »Cap-and-Trade Can Cut Emissions Without Major Economic Hit [View article]
What about the precious work of the Center for Energy and Environment at MIT? One of their bosses was at a conference on electric deregulation that I attended in Milan, and the only thing that saved him was his American passport. However where cap-and-trade is concerned I take no prisoners. Those MIT dunces have been richly rewarded with research grants to discover that cap-and-trade is scientifically sound, and...surprise...this is the conclusion they reached. And why have they received these research grants? Answer, because the big winners in this farce are the brokers and 'middlemen', and they sell cap-and-trade and to get others to sell it..