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Fri Jan 24, 2020, 04:07 PM

Mnuchin vs. Greta on climate change: What economists think

U.S. Treasury Secretary Steven Mnuchin's dismissal of Greta Thunberg's views on climate change because the teenage activist hasn't studied economics belies this: Numerous top economists largely agree with Thunberg, from a 2018 recipient of the Nobel Memorial Prize in Economics to the chief economist at Goldman Sachs, Mnuchin's former employer.

Nobel laureate William Nordhaus, a 77-year-old professor of economics at Mnuchin's alma mater, Yale University, is widely considered the "father of climate change economics" and has long argued that the economic benefits of reducing climate-harming emissions outweigh the costs. Nordhaus has shied away from mandating that companies abandon fossil fuels, but he has called on governments around the world to impose a global tax on carbon emissions as the most effective economic weapon to beat back climate change.

Speaking at the at the World Economic Forum in Davos, Switzerland, the 17-year-old Thunberg on Tuesday called on companies and governments to halt divest from fossil fuels, as well as "immediately end all fossil fuel subsidies."

Mnuchin, also in Davos, brushed off Thunberg's comments as uninformed when asked what divestment would do to the U.S. economy. "Is she the chief economist, or who is she? I'm confused," he said. "It's a joke. After she goes and studies economics in college she can come back and explain that to us."

Mnuchin needn't wait that long. Last week Goldman Sachs published a detailed research report saying that more policies to fight climate change would in the long-run boost not hurt the global economy. The lead author of the report, which largely sides with Thunberg's thinking, was the firm's chief economist, Jan Hatzius.

https://www.msn.com/en-us/money/markets/mnuchin-vs-greta-on-climate-change-what-economists-think/ar-BBZgByp?ocid=hplocalnews

In other words Mnuchin is a fucking idiot but then look who he works for.

4 replies, 365 views

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Reply Mnuchin vs. Greta on climate change: What economists think (Original post)
Yo_Mama_Been_Loggin Jan 24 OP
Frustratedlady Jan 24 #1
Yo_Mama_Been_Loggin Jan 24 #3
Frustratedlady Jan 24 #4
TheBlackAdder Jan 24 #2

Response to Yo_Mama_Been_Loggin (Original post)

Fri Jan 24, 2020, 04:17 PM

1. Well, check out who his daddy is and what he bought for over $90M...

The apple doesn't fall too far from the tree.

Who Is Robert Mnuchin? - Steven Mnuchin's Dad Bought Jeff ...
https://www.townandcountrymag.com/.../a27505787/robert-mnuchin-jeff-koons-rabbit-sculpture
May 17, 2019 Robert Mnuchin bought Jeff Koons' "Rabbit" sculpture at a Christie's auction this week for a record breaking $91.1 million. Get to know the man, who is the father of Trump's treasury secretary ..

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Response to Frustratedlady (Reply #1)

Fri Jan 24, 2020, 04:20 PM

3. Seriously?



Thing looks like a blow up toy.

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Response to Yo_Mama_Been_Loggin (Reply #3)

Fri Jan 24, 2020, 04:26 PM

4. I think it's stainless steel.

Instead of being laughed at by the public, as he was, perhaps he could have donated the money to put some food in the bellies of children who go to bed hungry. But, then, that wouldn't have been as much fun as outbidding another wealthy person with money to waste.

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Response to Yo_Mama_Been_Loggin (Original post)

Fri Jan 24, 2020, 04:19 PM

2. Come on, we all know that Trump ONLY hires THE BEST! 😂

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