We have created in America a permanent political class that has powerful incentives to remain in office and grow government. Protected from accountability by gerrymandered districts and financial support from special interests, its members at times actually defy their constituents, as they did on the illegal immigration issue in 2007 and the mortgage bailout bill in 2008. It's time to hold our politicians to account.
Friday, March 19, 2010
Europe's post-scandal carbon market is sleepy
“Dead” is a word that might describe trading on this exchange.
Maybe it has something to do with the members of the advisory board? On it we find Ed Begley Jr., Joe Kennedy II, and Dr. Rajenda Pachauri. With a team like that, how could it fail? The real problem with carbon credits is that there’s nothing tangible to trade. It’s all spun from thin air, literally. At least if you trade pork bellies, corn, wheat, or even orange juice, there’s something tangible that will eventually be delivered somewhere – Anthony

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