Long-Term Problems

Arnold Kling attempts a tour de force into the issue of climate change, and does a creditable Job. I even went so far as to read parts of the ISPM, understanding less than desired, but retaining the surety that Consensus over Global Warming is empirically impossible. Here is where I have difficulty with the Issue: Almost all Corrective programs for an effect which might not realistically exist, cost an exorbitant Price, and an actual Marginal alteration to current releases(said remission likely to equal less than 5% of current emissions). I am of the belief that We are all going to die anyway, so Who cares what is the Cause? I, as an efficient Economics thinker, will opt for the least Cost, highest Profit exit from the Earth.

I agree with Greg Mankiw on this One, but with a very hypocritical Viewpoint of ‘Thank God’. Economists express a real tendency to advocate models, instead of practical political and social programs for the betterment of society. It does no good to a Society to promote economic policies which force major segments of the labor force to retire from the labor rolls because they lack an unattainable expertise, or due to the fact they must endure an unsustainable Wage which will not pay for their Living Expenses. Economists have lost enthusiasm for a Full Employment Economy, and have hidden this distaste with statistical models which dismiss forced labor retirement from Sight. They never discuss the lack of financial resources and failure of natural talent, which precludes labor involvement in the new Economy (full participation requiring a real adjusted I.Q. of around 130, when normal labor intelligence is still around an adjusted 110). They will not comment that geographic occupations (which must be performed locally) can absorb only about 70% of this labor force. The disenfranchisement of the Remainder of the labor force remains an economic failure, though Economists are loath to admit it.

Here is another Post on the Conflicts in Climate data. As a previous farmer, I would claim that adverse climate and weather will be canceled by Planting reaction, and different methods of cultivation and irrigation. Farmers do not surrender to Profit-Loss easily, and are buoyed by a Market system which rewards correct agricultural decisions. I am bothered by much of the climate data currently outstanding, but not seriously worried; We will have to alter Our dedication to Fossil Fuels due to shrinking resources, long before We suffocate in Our own discharges. It is too fine a Day, and too early in the Year, to worry about climate nonsense today. Happy New Year. lgl