Ben Bernanke actually said...

If you give it away to the industries but prices still reflect the cost of the permit, then it is basically money being given to the industries.

Bernanke explains the economic impact of giving away permits to industries.

06/02/2009

More Ben Bernanke Quotes

the Nation was on course for a cataclysm that could have rivaled or surpassed the Great Depression.

The payoff to early childhood programs can be especially high.

So, it's not trivial. That would wipe out all the job gains from last month.

It sounds like the conclusion of your argument is that taxes should be zero and I would not argue that.