“There is no underlying economic theory and we have no empirical data by which to estimate the impacts on humans coming from even moderate (let alone large) increases in global temperatures. Thus when economists design computer simulations of the global climate and economy, going centuries into the future, they literally just make up relationships between hypothetical temperature increases and the corresponding percentage decrease in the global GDP. Then, in an excellent illustration of ‘groupthink,’ the creators of these made-up damage functions justify them by pointing to third-party summaries done of their own (made-up) damage functions.”
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
Related posts:
What’s the greatest deception of our time?
Why a pizza can’t fly
The Link Between High Tax Rates and Corruption
What I Learned About Life Interviewing 80 Highly Successful People
Voters Interviewed at Gun Point, Realize the Shocking Facts of Their Political Views
Doug Casey on Opting-Out
Three Cheers for the Red, White, and Blue
Should We Celebrate the American Revolution?
You Are an Anarchist. The Question Is How Often?
Aaron Swartz and Intellectual Property’s Bitter-Enders
Taking pills for unhappiness reinforces the idea that being sad is not human
Bauman’s Little Black Book of Buffoons
Jeffrey Tucker: How the Internet Saved Civilization
David Galland: Three Levels of Survival Skills
“Why I Set Up an Offshore Company”