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Dr. Skousen discusses global warming as well as how the United States has reduced its levels of air pollution over the past several decades.

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THE TRUTH ABOUT GLOBAL WARMING: REAL THREAT OR HYSTERIA?

Dr. Skousen discusses global warming as well as how the United States has reduced its levels of air pollution over the past several decades.

??Global climate change is a serious problem calling for immediate national action.? — Janet Yellen and other top economists

I received an urgent letter last month from Janet Yellen, the former Fed chair, asking me to join with other top economists, including 27 Nobel Prize winners, to sign a statement calling for a carbon tax to be imposed on American business and consumers to both counter a ??well-known market failure? and to create a ??low-carbon future.?

I was surprised to see the letter had been signed by several market-friendly economists such as Glenn Hubbard, Greg Mankiw and Alan Greenspan. Did those three also drink the purple Kool-Aid?

First of all, air pollution is not really an example of market failure. Instead, it is a sign of the government’s failure to enforce property rights.

Second, air pollution is not a serious problem any longer in the United States and other industrial nations thanks to catalytic converters and other anti-pollution devices.

If you look at various charts of pollution in the United States, it has undergone a sharp decline over the past 50 years, as reflected by this chart that I show all my students. Before I show the chart to the class, I ask them, ??How many of you think that air pollution has gotten worse in Southern California?? Usually, about a third of the hands go up. Then I show them this chart:

https://www.esrl.noaa.gov/csd/news/2012/119_0809.html

 

Click here to read more.

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Written By

Mark Skousen is a college professor, prolific author and world-renowned speaker. He??s made his unique sense of market and investment trends known and respected in the financial world. With a Ph.D. in economics and a focus on the principles of free-market capitalism and ??Austrian? economics, Mark Skousen has often gone contrary to the crowd in his investment choices and economic predictions ?? and has often been proved right.

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archive

THE TRUTH ABOUT GLOBAL WARMING: REAL THREAT OR HYSTERIA?

“Global climate change is a serious problem calling for immediate national action.” — Janet Yellen and other top economists

I received an urgent letter last month from Janet Yellen, the former Fed chair, asking me to join with other top economists, including 27 Nobel Prize winners, to sign a statement calling for a carbon tax to be imposed on American business and consumers to both counter a “well-known market failure” and to create a “low-carbon future.”

I was surprised to see the letter had been signed by several market-friendly economists such as Glenn Hubbard, Greg Mankiw and Alan Greenspan. Did those three also drink the purple Kool-Aid?

First of all, air pollution is not really an example of market failure. Instead, it is a sign of the government’s failure to enforce property rights.

Second, air pollution is not a serious problem any longer in the United States and other industrial nations thanks to catalytic converters and other anti-pollution devices.

If you look at various charts of pollution in the United States, it has undergone a sharp decline over the past 50 years, as reflected by this chart that I show all my students. Before I show the chart to the class, I ask them, “How many of you think that air pollution has gotten worse in Southern California?” Usually, about a third of the hands go up. Then I show them this chart:

https://www.esrl.noaa.gov/csd/news/2012/119_0809.html

 

Click here to read more.

Newsletter Signup.

Sign up to the Human Events newsletter

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Twitter free speech activist Lindsay Shepherd Twitter free speech activist Lindsay Shepherd

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