Tuesday, April 14, 2009

Random Musing #1

In the hopes of delivering on my promise of being a Gnawsome randomist thinker, I am unveiling a new section of BBL. It is called 'Random Musing' and will contain some random thoughts that pop into my head from time to time. I post them for your review and criticism.

(1) Is it me, or does the concept of 'carbon off-sets'/Cap & Trade seem nothing more than a revisit of the medieval Catholic concept of Indulgence? For those who are too lazy to click the link, an Indulgence is when a person pays the church X dollars for the absolution of certain sins. More serious sins, of course, cost more than 'venial' sins.

1 comment:

  1. Seems to me, the problem with indulgences was the difficulty in contract enforcement on the back end. Shouldn't be the same problem with carbon off-sets.


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