Friday, December 22, 2006

Green wave breaking -- Stern & Brown

The great green wave is breaking on the unquenchable fires of civilization. Brit economic guru Stern says climate change will do more damage than both world wars, with the depression thrown in for fun. Brit budget chief Brown responds with proposed 10 pound tax on airfares. Measure for measure, this measures the force of climate hype in Britain. Elsewhere, nothing happens.

David Wojick
Pest nonsense editor


Blogger Kennedy Maize said...

Part of the irony: Stern was recently fired because Brown wasn't going to do the stuff Stern felt necessary to save the planet.
The Stern paper also got a pretty solid pounding from several academic economists, charging that he used an unreasonable discount rate in order to jump up the numbers.

December 22, 2006  
Blogger The Washington Pest said...

With a discount rate of 0.1% per annum Stern was precisely preposterous. A rare gift that.

December 22, 2006  

Post a Comment

Subscribe to Post Comments [Atom]

<< Home