Regular listeners to my podcast know that I’ve been explaining this to you for a long while already. Today, beautiful validation in a Wall Street Journal story you’ll enjoy.
Doomsday Climate Scenarios Are a Joke
One study says world GDP will drop 20% by 2100, but Iceland and Mongolia will be rich beyond imagining.
By Oren Cass
Debates over climate change are filled with dire estimates of its cost. This many trillions of dollars of damage, that large a share of gross domestic product destroyed, so-and-so many lives lost, etc. Where do such figures come from? Mostly from laughably bad economics.
This has nothing to do with the soundness of climate science. The games begin when economists get their hands on scientific projections and try…