Hi Folks,

The "command-and-control" vs. market-based regulation debate rages on! The Bush admistration is in favor of cap-and-trade methods, but old regulations require expensive emissions control equipment. The courts have sometimes ruled in favor of Bush's plans, and recently against them. Here's a Wall Street Journal article that outlines the debate.

JC
http://online.wsj.com/article_print/SB114308122241005963.html