The Greatest Self-imposed Constraint in the History of Humanity
We need to rethink money supply to address climate change.
Houston, we have a problem. It seems our planet is heating up, and we are either unwilling or unable to pay for the changes that need to happen to address this climate change. The consensus in the scientific community is that we are approaching a point of no return where any effort to reverse or mitigate climate change will be ineffective. This exact point in time is unknown, but conservative estimates suggest that within three decades we will have crossed the threshold. There have been ongoing discussions in the political and academic arenas about carbon taxes. It is clear that carbon taxes would be an effective mechanism for curbing carbon emissions. However, even 350.org’s Bill McKibben has publicly recognized the need for additional measures, most recently in a featured article on Yale Environment 360. It is starting to become apparent that the money supply may be the single greatest self-imposed constraint in the history of humanity. Below are the eight questions we should be asking right now.
1. What is the cost of addressing climate change? This is an easy question to answer assuming you know the method being used to address climate change. If we want to start by converting to 100% clean energy, we can…
