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Do you deny that the existence of a carbon credit exchange will be created from this bill?If you accept that, then what are those carbon credits based on exactly? There is no tangible asset behind them that gives them any real value, outside of the government making it so by penalizing companies for "polluting." That is simply the creation of another "bubble" from nothing, which will inevitably explode, hurting us all yet again. Green technology can come about, but it needs to come about due to market circumstances, not a government manipulation of the market. We all saw how that worked out with the housing crisis and the sub-prime debacle.
Do you deny that the existence of a carbon credit exchange will be created from this bill?
If you accept that, then what are those carbon credits based on exactly? There is no tangible asset behind them that gives them any real value, outside of the government making it so by penalizing companies for "polluting."
That is simply the creation of another "bubble" from nothing, which will inevitably explode, hurting us all yet again.
Green technology can come about, but it needs to come about due to market circumstances, not a government manipulation of the market. We all saw how that worked out with the housing crisis and the sub-prime debacle.
