More on pricing carbon

So the week started with a speech by the President and ended with an apology to BP. It felt like the Twilight Zone. But after all the hoopla, it still looks as if the Senate has no interest in putting a price on carbon. I've written about the need to do so here and here. One more time can't hurt. This is another great primer on what it means to charge for something that has, to date, been free. I'm not a fan of his analogy about capping how many miles you can drive, but that's just a personal preference. Better to stick with the open bar reference.