Tag Archives: climate change

Oil prices rose 55% in 2021, the most since 2009, while natural gas prices rose 47%, the most since 2016, Focus on Fracking, RJS Oil prices rose for a second week after the initial Omicron selloff, as oil traders and most everyone else have become convinced that Omicron poses little risk to oil demand . . . after rising 4.3% to $73.79 a barrel last week on trouble in Libya, a big drawdown on US crude supplies, and on a refinery explosion in...

—We study history in order to better understand what is going on now, to be better able to look into the future. — The Great Depression was a manifestation of the utter and complete failure of capitalism. Social Security, unemployment, and Welfare were implicit admissions of this failure. Capitalism had spectacularly failed to provide for labor, therefore capitalism should have borne the cost of Social Security and Welfare. The capitalists,...

Disposable time as a common-pool resource IX — Disposable time as a model for environmental governance Not only could disposable time be regarded as a common-pool resource similar to other common-pool resources, but it could stand as the single most far-reaching and democratically vital model of a common-pool resource. Donald Stabile alluded to something in this vein when he noted that, “Human labor is also the primary constituent of the society...

More Partsanization Of The Environment  The Environmental Protection Agency was founded during the presidency of Republican Richard Nixon, if perhaps with some lack of enthusiasm. The first national cap and trade (or “tradable emissions permits”) system, for SO2, was instituted during the presidency of Republican George H.W. Bush. In 2008, Republican John McCain had an alternative plan to that proposed by Democrat Barack Obama for dealing with...

Cheap trips to the lakes We are experiencing climate change with a vengeance in British Columbia. For the past four summers, we have had horrific wildfires that send smoke all the way from the interior to the west coast of Vancouver Island. Last summer, we had a record-breaking “heat dome” that killed over 600 people and, after registering all-time heat records for several days, the town of Lytton burned to the ground.  Currently, our third...

Lekha Chakraborty(Professor, NIPFP, and Member of Governing Board, International Institute of Public Finance, Munich) Climate change is about risks and uncertainty. How well the monetary policy stance can incorporate such risks and uncertainties is questioned by many economists. There is a broad consensus among economists that fiscal policy is capable of dealing with the climate crisis but monetary policy is not, due to the latter’s lack of tools. It is widely acknowledged that public...

Lekha Chakraborty(Professor, NIPFP, and Member of Governing Board, International Institute of Public Finance, Munich) Climate change is about risks and uncertainty. How well the monetary policy stance can incorporate such risks and uncertainties is questioned by many economists. There is a broad consensus among economists that fiscal policy is capable of dealing with the climate crisis but monetary policy is not, due to the latter’s lack of tools. It is widely acknowledged that public...

This is the uncut version of the final chapter of my book, "The Case for People's Quantitative Easing". It was written May/June 2018, so is slightly out of date (though I have updated it in places). But I believe its conclusions are right. So I am publishing it now to coincide with COP 26. I've also included an updated version of the original postcript of the book, which seems to me to be very relevant now - not least because the first part of the Dune epic has just been released! There is...

Please! Please! Spare us the charade. No more denials. No more tear-jerking stories about job loss. We know that you fossils are not dumb. That what you fossils really want is to be bought out. With $Trillions of reserves on the block, who can blame you? Buying you out might be best. Certainly better than continuing to burn your products. Better yet, we use the money to develop carbon-free alternatives. Considering that the fossil’s reserves...

“Regenerative Agriculture Certification,” Michael Smith, Farmer and Economist Dear Regenerative Certification team, It is a pleasure to submit and share what Foxglove Grove has been working toward since our initial business plan and due diligence exploration phase going back to 2015. As of 2020 we have taken 2018 proof of concept, turned it into an uncertified organic farm and 501c3 educational establishment. We are in Central Texas among acres...