The other story of interest we noted was in the Australian Financial Review under the headline "Market key to climate change."
Interesting, we thought, which 'crazy' capitalist pig has suggested such a thing.
Now, as we may have mentioned previously, science wasn't one of your correspondent's strong points at school, so our ability to say that climate change is fact or fiction is somewhat limited.
Unfortunately, the wise guy spouting the idea of the market being involved in climate change is an economist and professor at the Australian National University in Canberra, Ross Garnaut.
Actually, that isn't the unfortunate bit, the unfortunate part of it is because he is heading an enquiry formed by Kevin from Brisbane, Steve from Melbourne, Morris from Sydney, Mike from Adelaide, Peter also from Brisbane, and Alan from Perth.
Chances are that John from Canberra will be compelled to rubbish anything that Professor Garnaut says, even if it is a free market based solution to what is yet an unproven problem.
Of course, if climate change is a hoax then we have nothing to worry about.
Kris Sayce
The Daily Reckoning Australia
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About the Author
Kris Sayce began his financial career in the City of London as a broker specializing in small cap stocks listed on London's Alternative Investment Market (AIM). At one of Australia's leading wealth management firms, Kris was a fully accredited adviser in Shares, Options and Warrants, and Foreign Exchange. Kris was instrumental in helping to establish the Australian version of the Daily Reckoning e-newsletter in 2005. In late 2006, he joined the Melbourne team of the leading CFD provider in Australia.
