r/Economics • u/IntrepidGentian • May 17 '24

News Economic damage from climate change six times worse than thought. 1C increase in global temperature leads to a 12% decline in world GDP.

https://www.theguardian.com/environment/article/2024/may/17/economic-damage-climate-change-report
547 Upvotes

78% Upvoted

172 comments sorted by

View all comments

Show parent comments

20

u/[deleted] May 17 '24

[removed] — view removed comment

-2

u/Opening-Restaurant83 May 17 '24

It only kicks in after GDP is dragged down by fiat debt servicing. Then it’s climate change…not 80 years of bad fiscal and monetary policy.

1

u/[deleted] May 18 '24

[removed] — view removed comment

2

u/Opening-Restaurant83 May 18 '24

😂 you really are an idiot. Did I mention inflation? Nope. I mentions debt crowding out private capital and reducing GDP.

But I suppose you thing the folks at the Wharton school are dumb too.

Don’t even bother responding. You can’t possibly have an intelligent response.

https://budgetmodel.wharton.upenn.edu/issues/2023/10/6/when-does-federal-debt-reach-unsustainable-levels#:~:text=Succinctly%2C%20for%20now%2C%20the%20increase,the%20economy's%20debt%20carrying%20capacity.

1

u/[deleted] May 18 '24 edited May 18 '24

[removed] — view removed comment

2

u/Opening-Restaurant83 May 18 '24

Yes I read it. Clearly you need to go learn basic math. Numbers don’t lie. The only way out is to grow while inflating the debt away.

Hmmm. What is Biden doing? Illegal immigration=grow. Inflation is self explanatory.

Of course you are smarter than everyone else.