Is the threat of speculation a reason to shun cap and trade? - Paul Krugman Blog - NYTimes.com

Is the threat of speculation a reason to shun cap and trade? - Paul Krugman Blog - NYTimes.com: "But there’s also, it seems, growing opposition to cap-and-trade from people who should be on the side of progress — but whose reaction is basically “Eek! Markets!Wall Street! Speculation! Bad!”

We don’t need this.

So let me talk a bit about why this reaction is 99% wrong, and bad for the planet."