Word: capping
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...government can determine the overall cap however it wants to and then it can leave it up to the representative democracy to fight over the pieces of the pie,” he said...
...cap-and-trade system is the most practical, cost-effective way for the government to limit carbon emissions, according to a paper recently published by Harvard Kennedy School Professor Robert N. Stavins and University of Manchester Economics Professor Robert W. Hahn...
Their paper concluded that Congress is more likely to pass a cap-and-trade system—in which the government puts a cap on the amount of a pollutant that can be emitted—than a carbon tax, because the cap-and-trade system exhibits the “independence property”—the theoretical and actual ability of a system to keep costs low and environmental performance high...
Stavins said in a recent interview with The Crimson that a cap-and-trade system would be more efficient and less controversial than a carbon tax because limiting the total amount of carbon that corporations emit does not require an equal distribution of pollution limits. He explained that while a carbon tax would be superior in theory, a cap-and-trade system would be more practical when political realities are taken into account...
...down question of an independent consumer agency, a fairly simple issue even for nonexperts. But reasonable reformers can and do disagree about how much power to give the Federal Reserve, how to wind down failing banks without bailouts, how to regulate "systemic risk," whether to cap the size of banks, whether to allow banks to own hedge funds or play the markets with their own cash, whether to preempt stricter state banking regulations, and countless other disputes over leverage and liquidity restrictions, payday lenders, securitization, industrial loan corporations, derivatives end users, mortgage underwriting and other arcane issues that probably...