19 July 2014

Paul Krugman: A Delusional Search for Reasonable Republicans

Hank Paulson, the former Treasury secretary, wrote a very sad op-ed about climate change in The New York Times recently. We must act, he declared, in the same way we acted to contain the financial crisis.

It's a dubious analogy: the crisis in 2008 was fast-moving, and people like Mr. Paulson could credibly warn that unless the United States took action, the whole world economy would fall apart in a matter of days. Meanwhile, climate change is slow but inexorable, with enormous momentum; by the time it becomes undeniable that there's a crisis, it will be too late to avoid catastrophe.

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