Posted on 04/08/2009 9:55:04 AM PDT by cdchik123
In 1980, (John)Holdren, (Paul)Ehrlich and Stanford colleague John Harte picked a basket of five commodities—chrome, copper, nickel, tin and tungsten—that they were sure were going to rise in price as they became increasingly scarce. They drew up a futures contract obligating (economist Julian)Simon to sell Holdren, Ehrlich and Harte the same quantities of five metals that could be purchased for $1,000 10 years later at 1980 prices.
If the combined prices rose above $1,000, Simon would pay the difference. If they fell below $1,000, Ehrlich would pay Simon. Ehrlich mailed Simon a check for $576.07 in October 1990. Simply put, the combined real prices of the metals selected by Holdren and his colleagues fell by more than 50% during the 1980s, confirming cornucopian claims that the supply of resources over time becomes more abundant, not scarcer.
http://www.forbes.com/2009/02/03/holdren-obama-science-opinions-contributors_0203_ronald_bailey.html
Meanwhile, it’s almost mid-april and its unusually COLD outside....
What a guy! Zero’s gonna contaminate the atmosphere with more particulate (ice would work) and take credit for the cooling trend of the last decade that would otherwise contradict GW. That’s a politician.
Well, if Obama is certifiably insane, he can reasonably be considered incapacitated, and thus removed from office. Of course, then we get Pres. Biden, but now Biden will have many sources willing to let him plagairize their work,
Total fruitcake!
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