Capitalism v. Environmentalism

Don Boudreaux, an economist, argues that to doing nothing is the best policy for global warming.

As David, biodiversivist, Deltroid, and Think Progress point out, this argument has a lot of screws loose. (Think Progress also has up a great picture of Boudroux, who looks truly insane. He is also, by sheerest chance, on the staff of the Cato Institute, which according to a book by two University of Colorado law school scholars "receives most of its financial support from entrepreneurs, securities and commodities traders, and corporations such as oil and gas companies, Federal Express, and Philip Morris that abhor government regulation.")

But just for a moment let’s ignore the whiff of prostitution, not to mention the alarming changes that global warming will work on features of life on earth (including climate, drought, floods, forest insect pests, hurricanes, species extinctions) and other aspects of life on earth.

Let’s focus on the politics of the claim.

Please read more at Gristmill. But first ask yourself: Would you buy a used car from this man? Not to mention an economic policy with potentially disastrous effects…

Don_boudreaux

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