WRITTEN BY DAVID BARKER ON NOV 3, 2022. POSTED IN LATEST NEWS
Economic Growth, Bad Science, And Climate Extremism
“Follow the science,” we are told, especially the junk science that climate alarmists invent. I recently debunked a piece of junk climate science whose alarmism was featured in the Wall Street Journal, Bloomberg, CNN, CBS, and elsewhere.
This particular junk science was produced by the Federal Reserve. [bold, links added]
Fed officials claimed that warming will cut economic growth by a third, but my simple statistical analysis showed their results were within the margin of error and that minor improvements and new data flip their results!
Mainstream economics shows that warming will have minor economic effects compared to the economic growth we expect over the next century. That is a problem for the climate lobby, which unfortunately includes the Fed.
https://climatechangedispatch.com/economic-growth-bad-science-and-climate-extremism/
