Dems, Media Push New Study Linking Climate Change To Inflation, But Economists Aren’t Buying It
Inflation Slowing Down, But Price Of Groceries Remain Higher Than Pre Pandemic Levels
NICK POPE
CONTRIBUTOR
March 27, 2024
Liberals are touting a new study linking climate change and inflation, but economists say that the real causes are more likely to be massive government interventions in the economy purporting to save the climate.
The study, authored by four European researchers and published in the scientific journal Communications: Earth and Environment on March 21, argues that “temperature increases cause nonlinear, persistent increases in food and headline inflation,” according to its text. While corporate media outlets, climate activists and Democrats have boosted the study’s findings, the forces related to climate change that are likely to drive persistent inflation are massive government taxation, spending and regulation pushed by policymakers to fight climate change, according to economists who spoke with the Daily Caller News Foundation.
Climate activists, including Climate Power — which is spending $80 million to support President Joe Biden in 2024 — have touted the study’s findings, while outlets including The Associated Press, ABC News, Axios, The Los Angeles Times and The Hill have also pushed the study since its release. Democrats on the Senate Budget Committee also promoted the study on X, formerly Twitter, stating thats its findings demonstrate another way “that climate change is raising costs for families and threatening our entire economy.”
https://dailycaller.com/2024/03/27/new-study-climateflation-economists-disagree/