Econbrowser

The yen is UP 7% in the last week.

I was starting to be converted into a Menzie-ista when the yen went under 97. Now that its over 102 again... not so much.

When the yen stays under 100 for some time, maybe, just maybe, I'll be impressed with the drop in the dollar.

With all the doom and gloom around here, shouldn't the yen be at a record? Not merely a level that it has seen in the recent past ('05)?

Ditto for the yuan. We're ONLY at a level we saw in '05?

That's not much of a collapse.

I feel the same way about the jobless claims number today. The highest since '05? Big deal.

Sorry, comment to wrong post!

From the IMF:

The costs of policies to address climate change can be contained by ensuring that
mitigation policies are well designed.

I suppose that you could say the same thing about Communism. Communism wasn't wrong, the Soviets just screwed up the implementation. It wasn't well designed.

How about, you know, applying some basic... economics? Opportunity costs and whatnot.

Ditto Buzzcut.

Yes, as long as they are well designed then, of course we can have our cake and eat it to.

I certainly hope the body of the report contains some more detailed analysis to support all the earth shattering conclusions in these three chapters. Think I'll pass on that read.

The first thing I noticed in the global warmism chapter was the broken window fallacy.

"Over the long term, carbon pricing should
help enhance economic growth, as it would create incentives for people and businesses to
innovate and shift to using more efficient, low-emissions products and technologies."

I guess it makes sense to label carbon taxes as carbon pricing but, who sets the price?

The chapter 5 link seems to be incorrect, Menzie.

Charles: Thanks. Fixed now.