Walter Williams on Cap and Trade

Nicolas Loris /

Here’s what I wrote in last year’s column titled “Global Warming Rope-a-Dope” (12/24/2008): “Once laws are written, they are very difficult, if not impossible, to repeal. If a time would ever come when the permafrost returns to northern U.S., as far south as New Jersey as it once did, it’s not inconceivable that Congress, caught in the grip of the global warming zealots, would keep all the laws on the books they wrote in the name of fighting global warming. Personally, I would not put it past them to write more.” On June 28, 2009, the House of Representatives, by a narrow margin (219-212), passed the Waxman-Markey bill. The so-called “cap and trade” bill has been sold as a system for cutting greenhouse gas emissions in the struggle against global warming. There’s a full-court press on the U.S. Senate to pass its version of “cap and trade.”