The economics of Waxman-Markey

An insightful (if decidedly partisan) op-ed by Paul Krugman in Friday’s New York Times focuses on the Waxman-Markey climate change bill that was approved in the House but has stalled – due in no small part due to the debate over health care reform – in the Senate. Krugman points out that there are two kinds of people opposed to climate change legislation: those dwindling numbers who don’t believe climate change...

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