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	<title>Comments on: The intellectual bankruptcy of the Cato Institute</title>
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	<link>http://climateprogress.org/2008/10/28/the-intellectual-bankruptcy-of-the-cato-institute/</link>
	<description>The Latest on Climate Science, Solutions, and Politics</description>
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		<title>By: Rick C</title>
		<link>http://climateprogress.org/2008/10/28/the-intellectual-bankruptcy-of-the-cato-institute/#comment-21209</link>
		<dc:creator>Rick C</dc:creator>
		<pubDate>Thu, 30 Oct 2008 21:29:16 +0000</pubDate>
		<guid isPermaLink="false">http://climateprogress.org/2008/10/28/the-intellectual-bankruptcy-of-the-cato-institute/#comment-21209</guid>
		<description>So when will Cato&#039;s Alan Greenspan moment occur? Hopefully well before we begin the immediate transition to lower our carbon dioxide output.</description>
		<content:encoded><![CDATA[<p>So when will Cato&#8217;s Alan Greenspan moment occur? Hopefully well before we begin the immediate transition to lower our carbon dioxide output.</p>
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		<title>By: Ronald</title>
		<link>http://climateprogress.org/2008/10/28/the-intellectual-bankruptcy-of-the-cato-institute/#comment-21163</link>
		<dc:creator>Ronald</dc:creator>
		<pubDate>Wed, 29 Oct 2008 14:12:33 +0000</pubDate>
		<guid isPermaLink="false">http://climateprogress.org/2008/10/28/the-intellectual-bankruptcy-of-the-cato-institute/#comment-21163</guid>
		<description>The previous post should have said &#039;undesirable temperatures,&#039; not desirable temperatures.

[&lt;em&gt;JR:  Are you sure about that?&lt;/em&gt;]</description>
		<content:encoded><![CDATA[<p>The previous post should have said &#8216;undesirable temperatures,&#8217; not desirable temperatures.</p>
<p>[<em>JR:  Are you sure about that?</em>]</p>
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		<title>By: Ronald</title>
		<link>http://climateprogress.org/2008/10/28/the-intellectual-bankruptcy-of-the-cato-institute/#comment-21162</link>
		<dc:creator>Ronald</dc:creator>
		<pubDate>Wed, 29 Oct 2008 14:06:18 +0000</pubDate>
		<guid isPermaLink="false">http://climateprogress.org/2008/10/28/the-intellectual-bankruptcy-of-the-cato-institute/#comment-21162</guid>
		<description>So the government had policies in the past that meant that more carbon fuels were used for energy.    That does not change the realities of today, that global warming from more greenhouse gases in the atmosphere is going to change our climate to warmer and not to desireable temperatures.    If the government policies led to more carbon fuel use, then it would be even more of respondsibility that they do something about it to make up for their bad choice.   You do not get to say, see government is bad and then think you made an important point.  You still have not fixed the larger problem of global warming.

Some might argue that carbon taxes are the way to go.    I guess that is what is meant when someone writes they are all for &#039;internalizing the costs of CO2 in the price of fossil fuels.&#039;   Does that mean you are then going to work to have a carbon tax so we can internalize those costs?   I&#039;m guessing probably not.    Most only want to win debating points and if you found something that may seem easier than what the other debater advocated, you thought you made your point.   But then work towards getting a tax on carbon.   Not so easy.  

Idealogy and practicality.    We can be idealogical in our view of the world, but what is it that will actually solve the problem is what we have to ask ourselves.    Doing the things that govenments can do relatively quickly such as renewable energy mandates is something that can do some good.   Putting a carbon tax on carbon fuels would do some good to, but it is harder to do.   We are at the point of &#039;all of the above,&#039; we need to do most things that we reasonably can do.

Recently former federal Reserve Chairman Alan Greenspan was testifying in Congress and said that this financial crisis changed his view of the world.   Some of his philosophy was at least partly libertarian as I have read.    He didn&#039;t foresee that bankers would not have enough self interest to do the right thing as far as risk.    Well, I could have told him he should just go to an all you can eat food buffet and watch all the overweight people, they also aren&#039;t doing what they should as far as risk.

This global warming problem should change our world view just as Greenspan changed his world view about the financial crisis.    This is not where we can become idealogical about what we have to do, we need to be practical and have a more all of the above type attitude to solving this problem.   If its a stronger building code for more insulation, do that.   If its higher vehicle fuel standards, do that.   If it&#039;s spending some money to get batteries and battery vehicles built, do that.    If it&#039;s to get renewables built, do that.    Can we do to much or the wrong thing and have pushback, certainly, let&#039;s be smart about what we try to do, but we still have to do more than we are doing now.

Solving the global warming problem is the main thing and we need an all of the above, do what works approach.</description>
		<content:encoded><![CDATA[<p>So the government had policies in the past that meant that more carbon fuels were used for energy.    That does not change the realities of today, that global warming from more greenhouse gases in the atmosphere is going to change our climate to warmer and not to desireable temperatures.    If the government policies led to more carbon fuel use, then it would be even more of respondsibility that they do something about it to make up for their bad choice.   You do not get to say, see government is bad and then think you made an important point.  You still have not fixed the larger problem of global warming.</p>
<p>Some might argue that carbon taxes are the way to go.    I guess that is what is meant when someone writes they are all for &#8216;internalizing the costs of CO2 in the price of fossil fuels.&#8217;   Does that mean you are then going to work to have a carbon tax so we can internalize those costs?   I&#8217;m guessing probably not.    Most only want to win debating points and if you found something that may seem easier than what the other debater advocated, you thought you made your point.   But then work towards getting a tax on carbon.   Not so easy.  </p>
<p>Idealogy and practicality.    We can be idealogical in our view of the world, but what is it that will actually solve the problem is what we have to ask ourselves.    Doing the things that govenments can do relatively quickly such as renewable energy mandates is something that can do some good.   Putting a carbon tax on carbon fuels would do some good to, but it is harder to do.   We are at the point of &#8216;all of the above,&#8217; we need to do most things that we reasonably can do.</p>
<p>Recently former federal Reserve Chairman Alan Greenspan was testifying in Congress and said that this financial crisis changed his view of the world.   Some of his philosophy was at least partly libertarian as I have read.    He didn&#8217;t foresee that bankers would not have enough self interest to do the right thing as far as risk.    Well, I could have told him he should just go to an all you can eat food buffet and watch all the overweight people, they also aren&#8217;t doing what they should as far as risk.</p>
<p>This global warming problem should change our world view just as Greenspan changed his world view about the financial crisis.    This is not where we can become idealogical about what we have to do, we need to be practical and have a more all of the above type attitude to solving this problem.   If its a stronger building code for more insulation, do that.   If its higher vehicle fuel standards, do that.   If it&#8217;s spending some money to get batteries and battery vehicles built, do that.    If it&#8217;s to get renewables built, do that.    Can we do to much or the wrong thing and have pushback, certainly, let&#8217;s be smart about what we try to do, but we still have to do more than we are doing now.</p>
<p>Solving the global warming problem is the main thing and we need an all of the above, do what works approach.</p>
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		<title>By: JCH</title>
		<link>http://climateprogress.org/2008/10/28/the-intellectual-bankruptcy-of-the-cato-institute/#comment-21159</link>
		<dc:creator>JCH</dc:creator>
		<pubDate>Wed, 29 Oct 2008 12:17:01 +0000</pubDate>
		<guid isPermaLink="false">http://climateprogress.org/2008/10/28/the-intellectual-bankruptcy-of-the-cato-institute/#comment-21159</guid>
		<description>I&#039;m in the oil business and I have thought for years that the more socialist governments are much better poised to deal with the looming problems for oil.  In our system, delusion is just too darn cheap to come by.</description>
		<content:encoded><![CDATA[<p>I&#8217;m in the oil business and I have thought for years that the more socialist governments are much better poised to deal with the looming problems for oil.  In our system, delusion is just too darn cheap to come by.</p>
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		<title>By: llewelly</title>
		<link>http://climateprogress.org/2008/10/28/the-intellectual-bankruptcy-of-the-cato-institute/#comment-21149</link>
		<dc:creator>llewelly</dc:creator>
		<pubDate>Wed, 29 Oct 2008 00:06:46 +0000</pubDate>
		<guid isPermaLink="false">http://climateprogress.org/2008/10/28/the-intellectual-bankruptcy-of-the-cato-institute/#comment-21149</guid>
		<description>NCF, the current financial crisis is a direct result of the re-appeal of the Glass-Steagull acts, and other deregulation of the finance industry. Without that deregulation, neither the enormous leveraging nor the merging of investment and deposit banks would have been legal. Nor would it have been so easy to sign up high-risk borrowers for mortgages and other loans. There would have been little or no bubble, and little or no crash.

(Note: Unlike Joe, I do not believe the &#039;bailout&#039; law helped anything. In fact - I suspect that its failure to restore those regulations, its &lt;a href=&quot;http://scienceblogs.com/dispatches/2008/10/so_much_for_transparency.php&quot; rel=&quot;nofollow&quot;&gt;de facto lack of transparency&lt;/a&gt;, its failure to require a writing down of the loans, and its failure to seek removal of executives who made decisions that contributed to the crisis - will make it a law that rewards bad decisions, and thus worsens the crisis. It is not an accident that &lt;a href=&quot;http://scienceblogs.com/catdynamics/2008/10/happy_times_are_here_again.php&quot; rel=&quot;nofollow&quot;&gt;all but one of the finance institutions so far receiving bailout dollars have already spent all or nearly all the money they received on bonuses&lt;/a&gt; for the same executives who helped caused the crisis.)
</description>
		<content:encoded><![CDATA[<p>NCF, the current financial crisis is a direct result of the re-appeal of the Glass-Steagull acts, and other deregulation of the finance industry. Without that deregulation, neither the enormous leveraging nor the merging of investment and deposit banks would have been legal. Nor would it have been so easy to sign up high-risk borrowers for mortgages and other loans. There would have been little or no bubble, and little or no crash.</p>
<p>(Note: Unlike Joe, I do not believe the &#8216;bailout&#8217; law helped anything. In fact &#8211; I suspect that its failure to restore those regulations, its <a href="http://scienceblogs.com/dispatches/2008/10/so_much_for_transparency.php" rel="nofollow">de facto lack of transparency</a>, its failure to require a writing down of the loans, and its failure to seek removal of executives who made decisions that contributed to the crisis &#8211; will make it a law that rewards bad decisions, and thus worsens the crisis. It is not an accident that <a href="http://scienceblogs.com/catdynamics/2008/10/happy_times_are_here_again.php" rel="nofollow">all but one of the finance institutions so far receiving bailout dollars have already spent all or nearly all the money they received on bonuses</a> for the same executives who helped caused the crisis.)</p>
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		<title>By: No Cato Fan</title>
		<link>http://climateprogress.org/2008/10/28/the-intellectual-bankruptcy-of-the-cato-institute/#comment-21142</link>
		<dc:creator>No Cato Fan</dc:creator>
		<pubDate>Tue, 28 Oct 2008 22:02:34 +0000</pubDate>
		<guid isPermaLink="false">http://climateprogress.org/2008/10/28/the-intellectual-bankruptcy-of-the-cato-institute/#comment-21142</guid>
		<description>So the Federal Reserve -- the central bank that holds a monopoly on the U.S. currency and held interest rates below the rate of inflation for years leading up to the housing bubble (and the earlier dot-com bubble), to the benefit of their investment bank buddies and to the detriment of everyone else -- is an example of the free market in action? And in what way are the government-backed corporations Fannie Mae and Freddie Mac, which -- despite Republican attempts to pass the blame off on to minorities -- primarily served the interests of Wall Street traders, to disastrous effect, an example of the &quot;free market&quot;? 

Here I was under the impression that the &quot;Progressive Era&quot; ended laissez faire in the United States, and that the New Deal, again, limited the supposed excesses of laissez faire and saved capitalism from itself. If so, then how can the last 8 years of the Bush administration -- which expanded the size of government more than any previous administration in history -- be an example of laissez faire in action? How, pray tell, is the doctrine of socializing the risks while privatizing the profits congruous with free market principles? (I&#039;d also point out that the government&#039;s own financial shenanigans -- like billions in taxpayer dollars that somehow manage to &quot;vanish&quot;, with zero accountability, every year -- would make Enron&#039;s former accountants blush.)

To say the criminals in the White House were ideologically committed to the free market is nonsense, and much too kind to a group of men and women who, in a just world, would be awaiting their trials at the Hague. The gang that brought us the Iraq war has no problem with government intervention in the marketplace so long as it benefits their corporate backers (see: interest rates, Federal Reserve &amp; nuclear subsidies, for starters). 

Whether one thinks a laissez-faire free market is the best system or not is beside the point. No doubt the Bush administration has cloaked its actions in the rhetoric of a free market (openly speaking of economic exploitation and the transfer of wealth from middle to the upper-class just isn&#039;t as politically attractive), the Republican Party has always been committed to corporatism -- rule by and for the corporate elite -- under the auspices of a &quot;market system.&quot;

As for climate change, hasn&#039;t it been the U.S. government burning all those fossil fuels in the Middle East -- consuming more energy than any other country or corporation in the world -- and subsidizing oil consumption by socializing security and transportation costs? Wasn&#039;t it the government that -- with the help of eminent domain -- kicked thousands of largely poor households off their land to build the interstate highway system, leading to the atomistic, car-dependent culture the U.S. has today? Hasn&#039;t it been government policy to enforce zoning rules that have discouraged mixed use development, leading to towns where the supermarket is 20 miles away from the residential areas?

And hasn&#039;t the government been subsidizing corn ethanol -- while imposing tariffs on the more environmentally friendly Brazilian sugar ethanol -- in the name of promoting &quot;energy independence&quot; and fighting climate change for years? What makes you think that the election of Barack Obama will all of a sudden end decades of ill-considered and counterproductive policies? Are we to assume the fossil fuel and nuclear industries -- and their legions of high-paid lobbyists -- are merely to disappear?

(And before I get the juvenile &quot;denier&quot; or &quot;delayer&quot; label, I&#039;m of the opinion that climate change illustrates the &quot;tragedy of the commons&quot;, and would be all for internalizing the costs of emitting CO2 in the price of fossil fuels.)

I&#039;d suggest examining your own rigid, ideological commitment to the state as the be-all and end-all of human development before drafting another typically condescending post attacking people like Jim Hansen for not sharing your unrelenting faith in the power and majesty of the U.S. government and in the ability of omnipotent technocrats such as yourself to determine how every penny in energy-sector investments should be spent.</description>
		<content:encoded><![CDATA[<p>So the Federal Reserve &#8212; the central bank that holds a monopoly on the U.S. currency and held interest rates below the rate of inflation for years leading up to the housing bubble (and the earlier dot-com bubble), to the benefit of their investment bank buddies and to the detriment of everyone else &#8212; is an example of the free market in action? And in what way are the government-backed corporations Fannie Mae and Freddie Mac, which &#8212; despite Republican attempts to pass the blame off on to minorities &#8212; primarily served the interests of Wall Street traders, to disastrous effect, an example of the &#8220;free market&#8221;? </p>
<p>Here I was under the impression that the &#8220;Progressive Era&#8221; ended laissez faire in the United States, and that the New Deal, again, limited the supposed excesses of laissez faire and saved capitalism from itself. If so, then how can the last 8 years of the Bush administration &#8212; which expanded the size of government more than any previous administration in history &#8212; be an example of laissez faire in action? How, pray tell, is the doctrine of socializing the risks while privatizing the profits congruous with free market principles? (I&#8217;d also point out that the government&#8217;s own financial shenanigans &#8212; like billions in taxpayer dollars that somehow manage to &#8220;vanish&#8221;, with zero accountability, every year &#8212; would make Enron&#8217;s former accountants blush.)</p>
<p>To say the criminals in the White House were ideologically committed to the free market is nonsense, and much too kind to a group of men and women who, in a just world, would be awaiting their trials at the Hague. The gang that brought us the Iraq war has no problem with government intervention in the marketplace so long as it benefits their corporate backers (see: interest rates, Federal Reserve &amp; nuclear subsidies, for starters). </p>
<p>Whether one thinks a laissez-faire free market is the best system or not is beside the point. No doubt the Bush administration has cloaked its actions in the rhetoric of a free market (openly speaking of economic exploitation and the transfer of wealth from middle to the upper-class just isn&#8217;t as politically attractive), the Republican Party has always been committed to corporatism &#8212; rule by and for the corporate elite &#8212; under the auspices of a &#8220;market system.&#8221;</p>
<p>As for climate change, hasn&#8217;t it been the U.S. government burning all those fossil fuels in the Middle East &#8212; consuming more energy than any other country or corporation in the world &#8212; and subsidizing oil consumption by socializing security and transportation costs? Wasn&#8217;t it the government that &#8212; with the help of eminent domain &#8212; kicked thousands of largely poor households off their land to build the interstate highway system, leading to the atomistic, car-dependent culture the U.S. has today? Hasn&#8217;t it been government policy to enforce zoning rules that have discouraged mixed use development, leading to towns where the supermarket is 20 miles away from the residential areas?</p>
<p>And hasn&#8217;t the government been subsidizing corn ethanol &#8212; while imposing tariffs on the more environmentally friendly Brazilian sugar ethanol &#8212; in the name of promoting &#8220;energy independence&#8221; and fighting climate change for years? What makes you think that the election of Barack Obama will all of a sudden end decades of ill-considered and counterproductive policies? Are we to assume the fossil fuel and nuclear industries &#8212; and their legions of high-paid lobbyists &#8212; are merely to disappear?</p>
<p>(And before I get the juvenile &#8220;denier&#8221; or &#8220;delayer&#8221; label, I&#8217;m of the opinion that climate change illustrates the &#8220;tragedy of the commons&#8221;, and would be all for internalizing the costs of emitting CO2 in the price of fossil fuels.)</p>
<p>I&#8217;d suggest examining your own rigid, ideological commitment to the state as the be-all and end-all of human development before drafting another typically condescending post attacking people like Jim Hansen for not sharing your unrelenting faith in the power and majesty of the U.S. government and in the ability of omnipotent technocrats such as yourself to determine how every penny in energy-sector investments should be spent.</p>
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