The report in which parts of the article is based
https://profstevekeen.substack.com/p/loading-the-dice-against-pension
This reminds me of the scene where Dr. Strange starts talking about the benefits of nuclear winter
These ducks are going to get us all killed. They don’t seem to understand there are a lot of totally unpredictable and uncontrollable runaway effects we won’t be able to stop.
We can see good danged methane bubbles in ice
Peat bogs will dump their carbon and methane once they melt too
The ocean is already dying. Our farms are already struggling
Pssh, fishing? Farming? That’s only like, 5% of gdp
/s
LOL Love that GDP!
Reminds me of a joke…
Two economists were walking through the woods talking about capital when, to make a point, the first economist points to a pile of bear crap and says, “I’ll give you $1,000 to eat that pile of crap.”
“Make it $5,000 and you got a deal.”
The second economist feeling the cost benefit was in his favor ate the crap. And the first one agreed $5,000 would be paid.
A little further down the path they happened upon another pile of bear crap. The second economist offered to pay $5,000 if the first economist ate this pile.
The deal was made and the pile was eaten.
A few minutes later the first economist paused and said, “Hey… we’re exactly where we were financially at the start of this walk but we both went through the pain of downing bear crap. What was the point?”
The second economist said, “Don’t be ridiculous! We just grew the GDP by $10,000!”
OMG Love this joke!
It’s worth noting in this context that the Nobel memorial prize for economy is not a Nobel prize. Alfred Nobel did not regard economists as proper scientists either.
