Good Wells column on the choice voters face: a government that is fiscally responsible or one that takes climate action seriouslyhttps://twitter.com/InklessPWFeed/status/1184221729360678912 …
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Replying to @stphnmaher
Interest rates are at a historical low. It's kind of insane at this moment not to borrow money to ease a transition to post-carbon world.
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Replying to @HeerJeet @stphnmaher
I vote for fiscal restraint. Borrowing without limit ultimately destroys economies. We can’t use climate change as a reason to throw out good sense.
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We control almost none of the problem. We would be better off spending big to harden infrastructure and on adaptation. Things we will have to do anyway. We need a strong economy to face the future. There is a 100% chance throwing the economy under the bus will ruin us.
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Your grandchildren are going to be super grate as temperatures rise by 6 or 7 degrees, making human life on earth impossible but keeping Canada's debt-to-GDP ratio low.
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We should decarbonize on a realistic schedule that does not cripple us. That is what every other country will do. I am confident humanity can develop the tech to prevent doom and extract the excess carbon later. Better hope this is correct because it is now the baseline anyway.
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"develop the tech" at a later date is magical thinking.
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Yes, but so is expecting a majority to intentionally devalue their savings and/or accept dramatic lifestyle cuts or for billions, a 1st or 2nd world lifestyle at all. Some of the tech exists now, but it is expensive.
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What exactly is the point of having "savings" in the face of an existential threat? You are like a man who keeps stuffing his money under the mattress while the house is on fire.
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Good point.I see this as a risk to be mitigated rather than an imminent existential threat.The house might catch fire some day so I’m willing to spend moderately on insurance, fire proofing, addressing the threat. Debasing the money supply to force a big reset seems insane to me.
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