Monday, January 14, 2013

Bummer: Warmist Matthew Yglesias imagines a world where trace amounts of CO2 cause "a much lower real standard of living"

Climate chaos—there's a business upside.
An arms race of physical investment versus rising sea levels will be associated with plenty of economic output and plenty of business opportunities but with a much lower real standard of living than a world in which the ocean stays put and those resources can be put to some other use.

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