Heard from an old friend with a new idea:
“Global warming is much more of a threat than I thought. I’m embarrassed that I dismissed it for so long without any evidence. Apparently, there is much less dispute in the scientific community on this subject than we thought. Very few real scientists doubt that the climate is changing…and that the changes are at least in part caused by man. And from what I hear, since it is a problem caused by man, it is also something that we can fix at relatively little cost – or, at least that part of it caused by mankind.
“Not that I’m sure of any of this. Maybe the whole thing is wrong. I don’t know. But then, I don’t know if my warehouse is going to burn down either. And I still buy insurance. From what I’ve heard, the cost of insuring the world against the worst effects of climate change – if the theory is correct – is relatively low. Of course, the world doesn’t work as a business…or a household. But if I were running the world…and I were treating it as a business, I’d buy the insurance. Even it fit turned out to be untrue, I’d still think it was a good buy.”
for The Daily Reckoning Australia