TAP talks to economist Matthew Kahn about the promise of California’s fledgling cap-and-trade system — and the campaign to undo it:

How do you sell the idea of California being a guinea pig?

Personally, I take pride in that. A society needs first movers. In a world of uncertainty, we need somebody to be the risk taker. And whether you’re a hero or a sucker is sort of in the eyes of the beholder. And I view us as a hero here.

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