Read The Discount Rate Mismatch This is very enlightening post by Statsguy, a frequent guest contributor to the Baseline Scenario, that explains why we are at a critical point in economic history. The entire system is so far in debt that there is no painless way to get out of it. What would you be [...]
Posts Tagged ‘climate change’
The Discount Rate Mismatch Or How We Learned To Love Debt
Posted in Bonfire of the Vanities, Uncategorized, tagged climate change, debt, end of days, quantum physicis on April 19, 2010 | 1 Comment »
The End of the World As We Know It Could Be In Our Lifetime…
Posted in Bonfire of the Vanities, tagged Apocalypse, catastrophe, climate change, end of days, Krugman, Nobel on April 12, 2010 | Leave a Comment »
But more probably it will be during our childrens’. A much commented on NY Times Magazine piece by Paul Krugman neatly sums up the climate change debate and the choices available to humanity to make the best out of an arguably horrible state of affairs. Notice how this Nobel Laureate sincerely uses words such as [...]
