Global warming and economics

From today's SMH, another good article on why the global wamring hysteria, in itself, is bad for the world.

Michael Duffy writes:

People often ask how I can be sceptical about the claim that global warming is the major threat of our time, requiring urgent and massive action. After all, many scientists believe it and I am not a scientist.

It's a good question, but I think I have a good answer. History shows that scientists are not always right. Sometimes they get caught up in the non-scientific enthusiasms of their time. History also shows that one of those enthusiasms, which crops up constantly, is a desire to believe in the approach of some kind of apocalypse.

Read more here

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