Back in January we were told by a U.S. Congress member (and former bartender) that the biosphere on earth only had 12 years left to address global warming. Almost one year later, and nearly 10 percent of that doomsday countdown, and that forecast appears debatable.
Apart from some man-caused negligent fires in California and Australia, the weather has been basically tranquil with minimal destructive hurricanes, drought-induced starvation, conflict over dwindling agriculture acreage or other indications of predicted decline.
The financial markets must also be skeptical as long-term bonds and futures expectations are being purchased with minimal interest rates (aka risk). The real estate market of oceanside property continues to be vibrant and expensive, even for ex-presidents. University enrollment, job creation, medical research, manned space exploration, family formation, etc., all point to an abundant future beyond the year 2031. Perhaps the prediction was off by a couple of years — or decades, maybe even centuries.
People will continue to insulate their homes, buy more efficient appliances and cars, landscape with trees and recycle used material because it makes personal sense. What is irresponsible is fear-mongering the country in an effort to expand governmental reach into every aspect of our economic lives.
