http://blog.nema.org/blogs/currents/archive/2009/07/02/time-to-relax.aspxSince I am in long-weekend mode already, and don&#39;t want to interrupt the reverie by pointing out that firm signs of economic recovery remain elusive, I thought I&#39;d direct readers to some interesting takes on two important policy issues: cap-andenCommunityServer 2008.5 (Debug Build: 30929.2835)http://blog.nema.org/blogs/currents/archive/2009/07/02/time-to-relax.aspx#11327Thu, 02 Jul 2009 17:53:49 GMT1447dd18-a85e-48e6-bb73-6fd9ba4b7540:11327Lynne<p>Brian,</p> <p>Thanks for the link! I would just add that while I believe that emissions trading honors the underlying problem, which is ill-defined property rights, I do not believe that this Congress or this piece of legislation are capable of producing an institutional design to deliver on that potential.</p> <p>Enjoy your long weekend!</p> <div style="clear:both;"></div><img src="http://blog.nema.org/aggbug.aspx?PostID=11327" width="1" height="1">