Can any of you explain what "Cap and Trade" actually means?

JasonK

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And I don't mean editorial explanations like "It means killing jobs" or "Socialist Nazism". I'm looking for an objective description of what a Cap and Trade policy would do.

I see lots of people throwing the phrase around a lot these days, but I suspect none of them know what they are actually talking about when the say it.

So let's see who really knows there stuff. What does Cap and Trade actually do?
*their stuff

Please excuse the grammar/usage error.
 
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