Economist Sir Nicholas Stern resigned his post as second permanent secretary of the British treasury department amid widespread and continued criticism of his highly publicized and controversial report released last fall that claimed global warming will virtually destroy the global economy.
Many respected economists have refuted Stern’s basic assumptions, claiming that Stern “cherry-picked” statistics to fit those assumptions.
Is Stern an alarmist or a realist? A report released by the Heartland Institute thinks Stern is clearly an alarmist.
Still, one must be concerned of the economic consequences of environmental collapse, mustn’t one? Oops! Is the alarmist in me showing?