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What would you define as a market trading a good that has no real value behind it? The fact that they will be viewed as an asset with some form of government backing (somewhat like Fannie/Freddie securities) will up the value for some business. Once this market slows, or the carbon credit system is repealed, the entire system will collapse as people suddenly realize they are holding securities that are effectively worthless, or worth much less than they thought. (I.E. a repeat of the housing debacle)
What would you define as a market trading a good that has no real value behind it? The fact that they will be viewed as an asset with some form of government backing (somewhat like Fannie/Freddie securities) will up the value for some business.
Once this market slows, or the carbon credit system is repealed, the entire system will collapse as people suddenly realize they are holding securities that are effectively worthless, or worth much less than they thought. (I.E. a repeat of the housing debacle)
