Cap-and-trade was thought of in academia as a good idea decades ago but the two students who devised the original concept. which left-wing politicians today have implemented, no longer believe in their original theories.
A University of Wisconsin graduate student in the 1960s had an idea to cap pollutants. Today Thomas Crocker says he is skeptical that cap-and-trade is the most effective way to regulate carbon emissions.
It appears now that the purpose of cap-and-trade is primarily to raise taxes and give bureaucrats more power to control our entire industrial output.
Cap-and-trade also has created an industry that has become very profitable for those promoting faulty science.
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