Global Cooling Costs Too Much

NRO ^ | 9 Feb 07 | Jonah Goldberg

[rellimpank]

There are no solutions in the realm of the politically possible.

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. How much of that 0.7 degrees can be laid at the feet of that 1,800 percent is unknowable, but let’s stipulate that all of the warming was the result of our prosperity and that this warming is in fact indisputably bad (which is hardly obvious).

That’s still an amazing bargain. Life expectancies in the United States increased from about 47 years to about 77 years. Literacy, medicine, leisure and even, in many respects, the environment have improved mightily over the course of the 20th century, at least in the prosperous West.

[earglasses]

If you like sushi, you'll love this: da plankton feeds da fishes. So, cheaper sushi...cod liver oil, too.