Buttle's World

29 June, 2009

So Much for So Little

Filed under: Posts — clgood @ 15:30

What’s the potential benefit of what Tom McClintock calls “the biggest economic mistake since the days of Herbert Hoover?

Not much. A few tenths of a degree. But there’s a lot at risk.

The problem is that we’re putting a global economy with present value of $2,000 trillion at risk to go after less than $4 trillion of expected present value of benefit. The desire to regulate the global economy to avoid the risk of catastrophic climate change is not a one-sided bet.

Anybody outside California is asked to ponder this: Do you really want the whole country going the way this state is going?

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