Bob Murphy joins the show to discuss his work on the economics of climate change. He explains that even according to the science cited by the UN and the Obama administration, the economic costs of the proposed plans to slow down global warming would be wildly more expensive than the costs associated with the warming itself. The more reasonable plans, like a modest carbon tax, on the other hand, would allow for up to 3.5 degrees celsius of warming, which is much more than most of the scientists think is tolerable. Most activists don't want to address any of these economic questions because...
6/14/19 Bob Murphy on the Economics of Climate Change
read more
