This Nobel-Prizewinning Professor Knows Less About Economics than Donald Trump

Reuters

Some economically-illiterate moron just hijacked Joseph Stiglitz’s email, submitted a really embarrassing article on the economics of Trump’s departure from the Paris Agreement, and actually got it published under his name.

Well that’s the charitable explanation for the execrable piece published today under the title, “Trump and the Truth About Climate Change.

It begins:

Under President Donald Trump’s leadership, the United States took another major step toward establishing itself as a rogue state on June 1, when it withdrew from the Paris climate agreement. For years, Trump has indulged the strange conspiracy theory that, as he put it in 2012, “The concept of global warming was created by and for the Chinese in order to make US manufacturing non-competitive.” But this was not the reason Trump advanced for withdrawing the US from the Paris accord. Rather, the agreement, he alleged, was bad for the US and implicitly unfair to it.

While fairness, like beauty, is in the eye of the beholder, Trump’s claim is difficult to justify. On the contrary, the Paris accord is very good for America, and it is the US that continues to impose an unfair burden on others.

Clearly only a sub-literate political activist could have written such hysterical, tendentious, reality-denying drivel.

But if I’m wrong and it really is the work of yer actual Professor Joseph Stiglitz then I think it’s time the Nobel academy asked for the return of the prize they gave him for economics in 2001. I’m not an economics major myself, let alone a feted, Nobel prizewinning professor at Columbia University, but even I can see his line of argument is nonsense.

Where it really falls down is when Stiglitz attempts to make the claim that the Paris Agreement was good for America.

In fact, far more jobs are being created in solar panel installation than are being lost in coal. More generally, moving to a green economy would increase US income today and economic growth in the future. In this, as in so many things, Trump is hopelessly mired in the past.

Truly it is astonishing to read a Nobel-prize-winning economist make such an obviously specious point.

Yes, it’s true – as Paul Homewood notes – that the “solar now bigger than coal” has become a popular meme circulated ad nauseam by climate alarmists and green activists — and celebrated by the credulous:

Read the rest at Breitbart.

Top Physicist and Leading Republicans Urge Trump to Quit Paris Climate Agreement

paris
ALAIN JOCARD/AFP/Getty

Should Donald Trump hamstring the U.S. economy, rip off the consumer, despoil the landscape, give succour to America’s enemies and promote junk science – all in order to keep a “seat at the table” with people who despise him and think he’s an idiot?

To some people – including several senior members of the Trump administration – the answer isn’t immediately obvious. Which is why this week both a leading U.S. scientist and a number of top Senate Republicans have had to urge the president to see sense and ignore the siren voices urging him to stay in the UN’s Paris climate agreement.

The 20 top Republicans, led by Majority Leader Mitch McConnell, R-Ky., have signed a letter warning the president that remaining in Paris “would subject the United States to significant litigation risk that could up-end your administration’s ability to fulfill its goal of rescinding the Clean Power Plan.”

Meanwhile, the distinguished physicist Will Happer – long mooted as a possible Science Advisor in the Trump administration – has argued that staying in Paris will not only be pointless but will be a betrayal of Trump’s election promise to voters that he would pull out.

Climate policy, however, poses a grave threat. Yes, those who engineered the Paris Agreement will be upset if the United States withdraws. Withdrawal will also outrage the many who profit from climate alarmism. But remaining in the Paris Agreement will not sit well with many of those who voted for Mr. Trump in part because of his campaign promises to withdraw from the agreement. These voters rightly perceived that the agreement would benefit a privileged international elite, at the expense of the common people of the United States and of the rest of the world.

You might think that such interventions ought to be unnecessary. President Trump is, after all, an avowed climate skeptic who has already taken several important steps towards tackling the Green Blob, most recently by promising to eliminate “nearly $1.6 billion in international programs aimed at promoting green energy and fighting global warming.”

Among the targets on his hit list: the United Nations’ Green Climate Fund (GCF), which hands out money for programs to adapt or mitigate global warming; the Clean Technology Fund and the Strategic Climate Fund – saving $239 million; and the Global Climate Change Initiative, saving U.S. taxpayers $362 million.

But Trump is still wavering over the Paris climate agreement, which senior members of his administration, including Jared Kushner, daughter Ivanka, and Secretary of State Rex Tillerson are urging him not to quit.

Anyone puzzled by the fact that the former CEO of Exxon is supporting an agreement totally opposed to the company’s business model and shareholder interests really needs to read this eye-opening piece by Steve Milloy.

Read the rest at Breitbart.