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Our Nobel Prize Moron
By Alan Caruba
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16 May 09 – (Excerpts) - I know you’re thinking the title refers to Al Gore, but no, it belongs to Paul Krugman, an economist best known as a New York Times columnist, and winner in 2008 of the Nobel Memorial Prize in Economic Science. He is widely regarded as an expert in international economics and has very impressive curriculum vitae. By all the standards of our times, the man is a genius.

Krugman may know about economics, otherwise known as the “dismal science” because I suspect the capacity to be very wrong is equal to or greater than the chance of getting things right. Most certainly, his May 15 column, based on a trip to China demonstrated he knows nothing about meteorology, climatology, the science of the Earth’s atmosphere.

The Nobel Prize winner demonstrated what a moron he is when he strayed into the usual discredited blather associated with “global warming.” He spouts the nonsense about greenhouse gas emissions like some Red Guard reading from Chairman Mao’s Little Red Book.

“The scientific consensus on prospect for global warming,” wrote Klugman, “has become much more pessimistic over the last few years.”

In March I attended the 2nd annual Climate Change Conference sponsored by The Heartland Institute. It was wall-to-wall seminars by climatologists and others demonstrating why carbon dioxide in particular plays no role whatever in determining the Earth’s climate trends and never did.

But for Klugman, like Al Gore, facts are of no value when writing about global warming.

The Earth has been cooling for the past ten years and, given the low activity of the Sun, the primary determinant of the Earth’s climate and temperature, solar scientists and others are predicting we could be on the cusp of a new little ice age or worse---a full-scale ice age that will render civilization’s short rise moot as nations find themselves buried under miles of ice for the next 100,000 years until the next interglacial period. It is, quite simply, colder everywhere.

Krugman’s main criticism of China …“In January, China announced that it plans to continue its reliance on coal as its main energy source and that to feed its economic growth it will increase coal production 30 percent by 2015.” Good for China! I wish that the United States would permit, nay encourage, coal-fired plants to provide the electricity we will need by 2015 and beyond.

The opposite, however, is happening in the United States which has elected a President who’s on record saying he’d prefer to “bankrupt” any company that dared to build a coal-fired plant. Meanwhile, coal is the source of just over 50 percent of all the electricity we currently use!

If the U.S. continues to refuse to permit more coal-fired plants and continues to delay the building of more nuclear plants, we will not have the energy the economy needs to grow and Americans will begin to experience blackouts and brownouts like the banana republic we shall surely become.

Krugman was annoyed that the Chinese, more than a billion of them, seem to believe they have as much right to a lifestyle similar to ours, most of which was built on the availability of cheap energy and remains dependent on its affordability.  If Congress passes the insane”cap and trade” emissions legislation, it will crash the nation’s economy. And they know it!

“The burden should fall,” wrote Krugman, “on those foreign consumers instead, that shoppers who buy Chinese products should pay a “carbon tariff” that reflects the emissions associated with these goods’ production.

Great! That’s just what we need with China, a trade war! 

If this is the best a Nobel Prize winning economist has to offer then the process of destroying our economy is already under way. Lesser mortals will instantly identify his remedies as idiotic.

Alan Caruba writes a daily blog at http://factsnotfantasy.blogspot.com and a weekly commentary at http://www.anxietycenter.com, the website of The National Anxiety Center.

  

 

 

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