Thursday, July 4, 2013
Penny Wise, Trillions Foolish
Richard Nordhaus is an esteemed economist from Yale. He also happens to be a true believer when it comes to man-made global warming...AND THESE ARE HIS NUMBERS. According to Mr. Nordhaus, the Stern proposal would reduce the damage from global warming by $13 trillion at a cost of $27 trillion, and the Gore proposal would reduce the damage of global warming by $12 trillion at a cost of $34 trillion......................................................................................Yes, Mr. Nordhaus does have his own proposal and I'm willing to consider it (this, though I still firmly believe that only about a third - at most - of the .8 of a degree Celsius rise in temperature over the past 150 years is due to man caused CO2) but I really tend to agree more here with fellows like Lomborg and Monckton who say that it will invariably be far les expensive to adapt to global warming (by building better levies, not building as much in hurricane areas, etc.) than it ever will be to prevent it (any attempts at the latter quite feasibly destroying the world economy).
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Your post is great argument in favor of severely limiting the power of the rulers to steal money from the ruled (and the ruled's descendants).
The adaptation you suggest is a much better alternative, and only needs to be done if anything happens.
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