- one percent doctrine
- global climate change might have some yucky side effects
- Bush "un-signed" Kyoto
- p (global warming is real, in Bush administration's eyes) < 0.01
Seriously guys, this is a serious problem... or it isn't. Is Waxman-Markey (cap-and-trade carbon permits bill) a serious response?
Bonus question: does it matter if the permits are initially given away or sold, provided that they can be re-sold in either case? EMH + Coase says no, right? Or do one or more fail to apply in super-regulated "markets" like energy?
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