Simon Johnson on Cap and Trade

Paul Solman: The third in this week’s series of conversations with economist Simon Johnson has to do with the cap and trade debate — whether cap and trade is a good idea, the feasibility of a carbon tax, and the political dynamics of the plan.

For more Business Desk coverage of the topic, see this post from last week, in which environmental economist Rob Stavins takes on Rep. Eric Massa of New York and his reasons for voting against the recent House cap and trade bill.