Terence Corcoran: Capped, traded and scammed by fake markets - Full Comment

Not that we needed proof that the ideology of market mechanisms and carbon taxes as a cure to environmental problems is a total sham. We now have enough evidence to convict the perpetrators for first degree economic policy fraud. The evidence mounts around the world, but now mostly in the United States of America, where President Barack Obama and Democrats in Congress are on the brink of burying real markets in energy and automobiles under the biggest command-and-control economic experiments since the great totalitarian regimes of the 20th century.