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Paul Krugman - Bush Vs. Obama

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Published on Sep 3, 2011

Have you read the reviews on Krugman's new book yet? http://www.amazon.com/gp/product/B004...

A lot of people have done some serious work trying to figure this stuff out. Carbon would need to be significantly higher than it is now. The market is very flexible. The same thing happened with acid rain. Current estimates are that ten years from now, maybe a third of a percentage will have been lost from the GDP. It just isn't a big deal.

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