The Carbon Racket

Lawrence Solomon at the National Post exposes the folly and risks of emission trading systems (aka carbon cap and trade) that politicians with a "green" ideological persuasion are about to cram down our throats:

"Think we have learned our lesson about creating artificial securities, divorced from the real world and highly leveraged, so volatile and inscrutable as to be capable of sending markets into even worse hells, and entire economies into real depressions?

Think again.