WhatFinger

Climatologists could certainly benefit from improving their forecasts, but they aren't likely to learn how from economists.

Climate Crisis Was Too Good To Waste



What climatologists are learning from economists is how to increase their importance by promoting a theory that gives politicians more power. Economists have shown that this can be accomplished with the flimsiest of evidence.

Economists began gaining in importance after World War II when they started rallying around a 1930s theory developed by John Maynard Keynes. The theory explained how politicians could prevent, or reverse, economic downturns by running budget deficits, and prevent, or halt, inflation by running budget surpluses. Claiming budget deficits during World War II ended the Great Depression, economists convinced politicians to establish the Council of Economic Advisers in 1946 to give economic advice to the president. More...

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