"Cooler But Poorer"


Coyote's six month update on global warming

This is one of the better arguments I've seen.

The shorthand I use for my argument against intervention is "creating a cooler but poorer world".  In a nutshell, given current technology and likely government intervention approaches, slowing global warming almost certainly entails slowing world growth.  And while the true cost of warming is poorly understood, the true cost of reduced world economic growth is very well understood and is very high.  The real question, then, is do we understand global warming and its potential downsides enough to believe that curbing them outweighs the almost certain negative impact from a poorer world.

His nutshell nails it, but the whole article is worth your time.

Hat tip to Catallarchy.

— NeoWayland

Posted: Tue - January 3, 2006 at 04:59 AM  Tag


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