tag:blogger.com,1999:blog-582368152716771238.post5243771041165359433..comments2024-03-29T07:18:14.271-05:00Comments on The Grumpy Economist: Testimony on financial regulation and climate changeJohn H. Cochranehttp://www.blogger.com/profile/04842601651429471525noreply@blogger.comBlogger20125tag:blogger.com,1999:blog-582368152716771238.post-89910502606554033742021-04-06T12:16:57.720-05:002021-04-06T12:16:57.720-05:00Is it true that few of the climate change alarmist...Is it true that few of the climate change alarmists were calling for winterizing the gas lines instead of building more wind and solar generation? "Climate change" means colder colds in some places, as well as hotter hots, and this should mean money is spent to reduce the costs of such outlier events.Tom Greyhttps://www.blogger.com/profile/15046612425809449502noreply@blogger.comtag:blogger.com,1999:blog-582368152716771238.post-2200022718092546422021-03-23T18:52:17.283-05:002021-03-23T18:52:17.283-05:00Good on you John for calling out this new fad by c...Good on you John for calling out this new fad by consensus. According to the Quincy Institute, US interventions in Western Asia have killed millions, dislocated 35 million people, destroyed economies, and infrastructure. Why not look at the carbon footprint of these pointless interventions, never won, badly defined, that have made up 80% of US interventions since the passing of the AUMF. This is what the cancellation of the AUMF now discussed in Congress might do for climate!Nancy Hammondhttps://www.blogger.com/profile/02254206433585567601noreply@blogger.comtag:blogger.com,1999:blog-582368152716771238.post-54114155607096214792021-03-22T15:37:48.105-05:002021-03-22T15:37:48.105-05:00the WSJ is a distant shadow of what it used to be ...the WSJ is a distant shadow of what it used to be Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-582368152716771238.post-58051089250258992002021-03-22T15:35:58.508-05:002021-03-22T15:35:58.508-05:00Great going prof. Cochrane.
You should go to Wash...Great going prof. Cochrane. <br />You should go to Washington more often and tell it the way it is. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-582368152716771238.post-23617664441455220802021-03-21T21:17:59.940-05:002021-03-21T21:17:59.940-05:00U.S. Sen. Sherrod Brown (D-OH), Chairman of the U....U.S. Sen. Sherrod Brown (D-OH), Chairman of the U.S. Senate Committee on Banking, Housing, and Urban Affairs.<br /><br />John Cochrane's testimony was not off topic. Sen. Brown was purposely casting a wide net to up the visibility of the committee's remit.<br /><br />Old Eagle Eyehttps://www.blogger.com/profile/05270080708077871311noreply@blogger.comtag:blogger.com,1999:blog-582368152716771238.post-62946398045661252702021-03-20T16:55:24.340-05:002021-03-20T16:55:24.340-05:00Cochrane: "Climate change is an important cha...Cochrane: "Climate change is an important challenge. But climate change poses no measurable risk to the financial system."<br /><br />Sherrod Brown: "Today, the Banking and Housing Committee is holding its first-ever hearing on the risk climate change poses to our economy."<br /><br />Of course, the financial system is but one component of the economy. You could have a discussion about one that is distinct from the other.<br /><br />Did the hearing's title mischaracterize the intent and scope of the hearing? Did Brown alter the agenda after the hearing was scheduled and its agenda and title were set? <br /><br />In summary, in addressing the financial system vs the economy, it appears that the senator and the professor were--to some degree--at cross purposes here.<br />JZhttps://www.blogger.com/profile/12994372644670111315noreply@blogger.comtag:blogger.com,1999:blog-582368152716771238.post-2756124385321502972021-03-19T16:36:57.527-05:002021-03-19T16:36:57.527-05:00Re-posted this at Judith Curry's Climate Etc. ...Re-posted this at Judith Curry's Climate Etc. If you don't go there, you might enjoy the latest blog on Climate adaptation sense. Part III: Dynamic Adaptation Policy Pathways.Michael Cunninghamhttps://www.blogger.com/profile/14933921928383382118noreply@blogger.comtag:blogger.com,1999:blog-582368152716771238.post-21164747719765593602021-03-19T15:48:56.010-05:002021-03-19T15:48:56.010-05:00As a Canadian financial advisor seeing a rapid ris...As a Canadian financial advisor seeing a rapid rise in supposed climate related risk disclosure and ESG oriented products highlighting global warming as an existential risk, I thank you for making such a strong public statement. Davehttps://www.blogger.com/profile/01885843918627422736noreply@blogger.comtag:blogger.com,1999:blog-582368152716771238.post-50407518256572248242021-03-19T14:27:28.672-05:002021-03-19T14:27:28.672-05:00The climate emergency clearly is a bubble. The int...The climate emergency clearly is a bubble. The interesting financial policy question is what the burst will bring? It is not (yet) big enough to bring a crisis, but the losses will be large. Who will bear them?David Wojicknoreply@blogger.comtag:blogger.com,1999:blog-582368152716771238.post-5365052935216649782021-03-19T13:33:09.035-05:002021-03-19T13:33:09.035-05:00If you read the Wall Street Journal today, your co...If you read the Wall Street Journal today, your comments have had exactly zero impact. Thanks for making them. I can't imagine being in the office of economists at the SEC ("DERA") and having to put up with the crap flowing from the attorneys.Customers Yachtshttps://www.blogger.com/profile/16138097396249967343noreply@blogger.comtag:blogger.com,1999:blog-582368152716771238.post-85169139702936392662021-03-19T11:25:57.705-05:002021-03-19T11:25:57.705-05:00Strong af! But unfortunately, democracy is a corru...Strong af! But unfortunately, democracy is a corrupt power system. There is absolutely nothing to do against the dictatorship of the majority...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-582368152716771238.post-10506372007191707792021-03-19T09:10:45.577-05:002021-03-19T09:10:45.577-05:00I suggest that you should compare the risks of dea...I suggest that you should compare the risks of death, injury or financial loss from terrorism to the risks from other causes: road traffic incidents, street violence, fire, disease etc. before doing that. Don't judge your level of risk from just newspaper headlines. Having you succumb to irrational fear is the intention of terrorism.<br />Tony from Londonhttps://www.blogger.com/profile/14091111805604477380noreply@blogger.comtag:blogger.com,1999:blog-582368152716771238.post-92107705539146285542021-03-18T21:44:54.833-05:002021-03-18T21:44:54.833-05:00From your speech given for Mt Pelerin at the Hoove...From your speech given for Mt Pelerin at the Hoover in January 2020; your blog 10/13/2020, "Understanding The Left," your testimony sees deeply into the strategy, tactics and objectives of the regulators and progressives. David Seltzernoreply@blogger.comtag:blogger.com,1999:blog-582368152716771238.post-57404792746556314032021-03-18T18:53:33.475-05:002021-03-18T18:53:33.475-05:00Agreed.
By the way, you should also be frightened...Agreed.<br /><br />By the way, you should also be frightened to death by domestic terrorism.Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.comtag:blogger.com,1999:blog-582368152716771238.post-39128903772581261262021-03-18T15:45:41.661-05:002021-03-18T15:45:41.661-05:00Yeah, the Green New Deal will be off [Federal Gove...Yeah, the Green New Deal will be off [Federal Government]budget!Frank https://www.blogger.com/profile/00272351675231621678noreply@blogger.comtag:blogger.com,1999:blog-582368152716771238.post-25644115114219730972021-03-18T15:43:51.709-05:002021-03-18T15:43:51.709-05:00"That climate may cause a sudden, unexpected ..."That climate may cause a sudden, unexpected and enormous economic effect, in the next decade, which could endanger the financial system, is an even more fantastic fantasy." Quite agree.<br /><br />I've been trying to get that point across to a variety of incompetent do-gooders writing for economic think tanks and similar for about a year now, and to little avail. <br /><br /> Ralph Musgravehttps://www.blogger.com/profile/09443857766263185665noreply@blogger.comtag:blogger.com,1999:blog-582368152716771238.post-30117117945749745842021-03-18T15:23:26.387-05:002021-03-18T15:23:26.387-05:00Very interesting testimony. To what extent are we ...Very interesting testimony. To what extent are we really completely certain about which places are most vulnerable and what the risks might be? Maybe we know about sea-level rise and where hurricanes hit, but there are a lot of unknowns. Just compare what people were writing 10 years ago to what we are experiencing now... <br /> <br />I also agree about the distinction between climate change and weather risk, but isn't it true that we expect weather risks to worsen with climate change? If we have hypothetically have a large negative aggregate economic shock related to climate change, we would also expect that any weather event in that state of the world to be worse. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-582368152716771238.post-90042133175119420892021-03-18T14:38:57.365-05:002021-03-18T14:38:57.365-05:00Made my day, you did. Good on you!Made my day, you did. Good on you!Old Eagle Eyehttps://www.blogger.com/profile/05270080708077871311noreply@blogger.comtag:blogger.com,1999:blog-582368152716771238.post-40619123984182884322021-03-18T14:35:11.653-05:002021-03-18T14:35:11.653-05:00"Biden’s ‘BackDoor’ Climate Plan--Emails reve..."Biden’s ‘BackDoor’ Climate Plan--Emails reveal the strategy behind the new regulation to come." Wall Street Journal editorial in today's paper (3/18/2021) reveals the state of mind that has seized the Biden administration: The proposal is to have the EPA regulate ozone in order to drive hydrocarbon fuel use to zero. The editorial outlines how this will be effected.<br /><br />https://www.wsj.com/articles/bidens-backdoor-climate-plan-11616020338?mod=opinion_lead_pos1Old Eagle Eyehttps://www.blogger.com/profile/05270080708077871311noreply@blogger.comtag:blogger.com,1999:blog-582368152716771238.post-62214242181474476342021-03-18T14:01:07.283-05:002021-03-18T14:01:07.283-05:00A lot of people seem to have trouble dissociating ...A lot of people seem to have trouble dissociating disagreements about means from disagreements about ends. I like free speech, but that doesn't mean I personally endorse what everyone do with it. I just don't want governments hunting people down for thought crime, nor do I want large businesses to collude to manipulate public discourse world wide. This isn't the same as agreeing with every disgusting antisemitic rant you can find on alternative social media platforms -- or among social justice circles on regular social media platforms, for that matter.<br /><br />The same dynamic happened to you here. "Oh. You disagree with our preferred policies?" gets quickly followed by a more or less polite version of "So what you're saying is you are a conspiracy theorist who disbelieve in climate change?" I'm half surprised the discussion did not devolve into an opportunity to call your views racist somehow. To some people, what they want and what the government should do is one and the same thing.Stéphane Surprenanthttps://www.blogger.com/profile/12323914156735134263noreply@blogger.com