In response to:

Global Warmers and Stupidity Credits

Kenneth L. Wrote: Aug 09, 2012 7:10 AM
The incurable statists and anti-capitalists among us will not find this column persuasive. They'll simply look at it as evidence of more unconsionable, greedy behavior by corporations. You know, like outsourcing and shipping jobs overseas. More needs to be made of the fact that it is inevitable that this behavior will result from clumsy government policies because companies have to survive. If they don't maximize their profits and minimize their prices by doing everything possible in that effort they will go out of business. Nobody is going to buy anything (even Olympic uniforms) at twice the price they are available at Walmart, from China. Nobody. And it would not be good for anybody to do so.

I've never met a politician that is smarter than the free market.

Or a scientist.

Or an economist.

The problem with elitist "management" of "free" markets is the inevitable unintended consequences. Sometimes those consequences are accurately predicted by conservatives. Other times it takes turning the government micro-management loose on the free market to see what happens.

They quickly figured out that they could earn one carbon credit by eliminating one ton of carbon dioxide, but could earn more than 11,000 credits by simply destroying a ton of an obscure waste gas...

Sunday, May 19 | 05:26 AM ET
Sunday, May 19 | 05:26 AM ET
Sunday, May 19 | 05:26 AM ET
Sunday, May 19 | 05:26 AM ET