We took a righteous stab this morning at explaining the basics of how a cap-and-trade program like the one being considered in congress might be used to limit global warming and carbon emissions. Or, say, limit the use of the word dude.
Internally, there was much debate here about what movie clip to use. Our producer Jacob Ganz emailed : "Dude, you can totally tax a turtle."
And let me point out, it's not just economists debating whether a carbon tax or a cap-and-trade approach would be better. I just got this press release from the dudes at the National Pork Producer's Council, titled "Cap And Trade Preferable To Carbon Tax." A quote:
"We are already losing money today for every pig sold, and any additional costs will simply drive us deeper and more firmly into the hole."
categories: Fun With Economics