Today’s Calamity: Cap and Trade Destroys Jobs and Destroys Wealth
Nicolas Loris /
When it comes to cap and trade, Secretary of Energy Steven Chu says it’s an economic stimulus. President Obama says it’s a jobs bill. Is it either?
Reporters asked Chu if he though the green movement would generate the townhall pushback the health care debate and he responded, “I don’t think so…maybe I’m optimistic, but there’s very little debate” that a new green energy economy will bring economic prosperity.
George Mason economist Russ Roberts offers his own facetious response to Chu:
“That’s right. It’s a free lunch! There’s no trade-off between cleaner air and economic growth.”