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Munger on cap and trade: Almost demented

Berkshire Hathaway Vice Chairman Charlie Munger tells CNBC’s Becky Quick why a carbon cap and trade system won’t work.

I absolutely agree with Mr. Munger. My rantings on cap and trade (or carbon trading) are almost constant on this site.

I also agree with Senator Gregg that we need to get 100 nuclear plants online as quickly as possible. Nuclear has problems but it is the best and most clean way to generate the amounts of energy that the United States needs.

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