Excellent NY Times op-ed piece by the ever-brilliant Paul Krugman on efforts to discredit the US Waxman-Markey cap & trade bill in the run up to Copenhagen.
Arguments against have moved from global-warming denial to economic catastrophe (it's worth noting that this was the same argument vested interests had against the abolition of slavery nearly two and a half centuries ago).
Krugman dismisses the economic arguments and says it has about the same credibility as climate change denial:
"So here’s the bottom line: The claim that climate legislation will kill the economy deserves the same disdain as the claim that global warming is a hoax. The truth about the economics of climate change is that it’s relatively easy being green."
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