Go to National Review Online to read the entire article:
Public policy is all about trade-offs. Economists understand this better than politicians because voters want to have their cake and eat it too, and politicians think whatever is popular must also be true.
Economists understand that if we put a chicken in every pot, it might cost us an aircraft carrier or a hospital. We can build a hospital, but it might come at the expense of a little patch of forest. We can protect a wetland, but that will make a new school more expensive.
You get it already. But in the history of trade-offs, never has there been a better one than trading a tiny amount of global warming for a massive amount of global prosperity.
Earth got about 0.7 degrees Celsius warmer in the 20th century while it increased its GDP by 1,800 percent, by one estimate....
- Kathy: Hey I have your button on my blog but .do I need to re-do it since you have new one?? I am tniyrg and my husband is tniyrg and we cant get it to work?? It wont let us copy it??? HELP!! I wanna participate .. thanks AMY
Posted by: Fahmi | November 29, 2012 at 12:25 PM