WSJ letter #2 to the editor
Posted by Barbara on June 07, 2008 at 03:12:55:

June 6th -- a letter from a CFA in NH in response to the Cap and Trade editorial:

"The economic principle of "externalities" offers solid justification for taxes on oil and other fossil fuels, but the pseudo-free-market gibberish known as cap and trade is nothing more than a tax masquerading as a market. This is a "market" in which the government controls both the supply and the demand. It hasn't worked in Europe, where the regulators have been giving out credits like candy to keep the business community quiet; and the U.S. government's track record suggests that our outcome would be far worse."