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Saturday, March 2, 2019

The economics of climate chamge is meaningless wild guesses of coming bad news -- just like the "climate change cult" itself !

US economists, as a group
have never predicted 
a US recession.

Not even once.

That doesn't stop them from 
wild guessing about the costs
of climate change !

Even economists who specialize 
in climate change, fail to take 
the scientific debate seriously. 

They are told the science is settled,
and believe it without questions,
as if science is ever settled,
and told future global warming 
will be very bad news,
even though warming in the past
20,000 years was all good news !





In his book, 
William Nordhaus, 
the Sterling Professor 
of Economics 
at Yale University, 
wrote:
" ... the basic findings 
of expert panels 
around the world 
are the same: 
  The processes 
underlying projections 
of climate change 
are established science; 
the climate is changing 
unusually rapidly, and the 
earth is warming.” 
Nordhaus, W.  
"The Climate Casino: 
Risk, Uncertainty, 
and Economics 
for a Warming World."
2013, page 296 
New Haven, CT: 
Yale University Press.

Nordhaus doesn't know most people
writing the summaries for policymakers 
of the IPCC reports, are not scientists.

Nordhaus doesn't know the IPCC
bases it's predictions on models
that, on average, predict triple
the global warming that 
actually happens.

Nordhaus doesn't know 
the average temperature 
has barely changed since 2003,
in spite of lots of CO2 emissions.


Nordhaus repeats the IPCC’s claim 
that its computer models can't account 
for rising temperatures without 
a major role for CO2.

That's complete nonsense !

There was a warming period 
from 1910 to 1940, that had about 
two thirds of the warming from 
1975 to 2003:

(1)
No one blamed the earlier warming 
on CO2, it was natural climate change,

(2)
And no one can prove the later warming 
was caused only by CO2, 
or was too large to have natural causes 
( recall that 
natural warming 
melted glaciers 
that covered 
most of Canada 
20,000 years ago ! )




Economists have broken 
what has been called 
Ray Hyman’s 
Categorical Directive: 
 “Before we try 
to explain something, 
we should be sure 
it actually happened”!

The environmental benefits 
of a modest global warming
since 1880 have never been
recognized by climate zealots.





Extensive literature exists 
describing how 
interest groups 
have repeatedly 
exaggerated 
environmental threats 
to promote their 
financial interests 
and ideological agendas. 

Going back to the 1960's,
no past forecasts of 
serious environmental harm 
from human activity 
have been correct.

100% wrong !

Economists have 
had nothing to offer 
on the subject of
real climate science,
other than adding wrong 
numbers to the wrong 
long-term climate forecasts.