Cap & Trade v Tax (again)

In a comment last week KLR mentioned the Greg Mankiw axiom of carbon mitigation proposals:

Cap-and-trade = Carbon tax + Corporate welfare

Here is a short slideshow from Holmes Hummel**, a Stanford PhD. It gets to Mankiw's point and lays out the basics of the Cap and Trade proposals before Congress at the moment. It is a really great short intro.

** Here is a bio for Holmes Hummel. Would you look at the vest on that guy! What are the odds he's a LARPer?


Update: I should have mentioned that I got the link to the Slideshow from Grist.org.