Climate Deal Postponed
Unfortunately, this article is blocked unless you subscribe to the Wall Street Journal, but the preview for it pretty much gives away the point. With lackluster results in regard to the Copenhangen summit, apparently the environmentalists are waiting until 2011 before trying to persuade the world to adopt their environmentally-friendly policy ideas. I think the whole idea of adopting policy to reduce “greenhouse gasses” and the like is unnecessary and ultimately dangerous to the state of our economy. Aside from generally making many types of businesses much more inefficient and expensive, other unintended side-effects could take place. Smaller businesses may find it harder to compete (similar to how Sarbanes-Oxley significantly lowered the number of businesses going public since its creation because of the higher costs associated with compliance), and of course personal freedoms will be stepped upon. Though I don't have any specific data to cite, I couldn't see this kind of legislation helping, in any way, the state of our economy.