Re: Hot World, Cold Cash
You responded only to part of my post. You didn't deal effectively with the possibility of green technology offsets to the economic hampering posed by cap-and-trade. If cap-and-trade limits certain modes of corporate practice and opens up room for entrepreneurship in other areas - the economic come-from-behind theory - it doesn't seem at all clear that economic slowdown would be as significant as you believe. There is a great deal of uncertainty in this, but no more, I think, than in your hypothesis.