Comments: Otequay of the Ayday

Tyler Cowen has produced some amazing work on the morality of time. We are stealing wealth from future Earthlings when we impede growth.

This example is more direct, but one of my favorites was the assertion that climate rules would cost "only" 1% growth of GDP. I don't know what Einstein thought this up, but 1% sounds small. Yet you have stolen half the wealth of the person born in 72 years.

How do you fix this? You need to have these young people thing rationally and methodically. I can see that if they take a class from Tyler Cowen. From Nancy McLean? Not so much.

Posted by jk at July 21, 2017 10:15 AM

"One percent growth of GDP" does sound small, but since current annual GDP growth is two to three percent, it destroys roughly 50% of GDP growth. Is it just me, or does that sound large?

Posted by johngalt at July 21, 2017 10:59 AM

Well, if you're going to use math.....

Posted by jk at July 21, 2017 1:36 PM
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