“A Blast of Winter,” said the London tabloids of this past week’s weather. It was so cold in London on Monday we stopped believing in Global Warming. But, now that it is warm again, why not?
Besides, now it’s official US Government policy. America’s president is on the front page of today’s International Herald Tribune, saying he takes the issue very seriously and promises to cut America’s carbon dioxide emissions.
We don’t know much about global warming. Then again, if we only wrote about subjects we had thoroughly mastered, Markets and Money would be mercifully short. But judging from the historical record, the earth tends to heat up from time to time. About the time of Christ, the Romans brought grape vines to Britain – and made wine. By the time the next invaders arrived, 1,000 years later, they were still at it (or at it again…we’re not sure). The Domesday Book reports that there were 50 commercial vintners in Britain at the time of Norman Conquest. The Little Ice Age during the medieval era killed off the grapes and turned Britons into a nation of beer drinkers, claims Dennis Avery, as reported in Grant’s Interest Rate Observer. But now, the earth seems to be warming, and British wines are making a comeback.
Is it because of human activity? Can human activity be altered to stop it? At what cost? Would it be worth doing? Thank god, George W. Bush knows the answers to these questions.
The U.S. president may not be an expert on climate change either, but he’s cunning. By attaching his credibility to the Global Warming hypothesis yesterday, he probably aims to discredit the idea completely. Sly dog!
Markets and Money
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