from Armstrong Economics:
A few people have written to say I have a closed mind with respect to the impact humans can have on the environment. I dare say flip the coin – you are assuming we have the capacity to alter the planet as if we were God. I have investigated this very carefully. Like markets, yes you can manipulate them within the trend, but you cannot change a bear market into a bull market at will. The same is true for the global environment.
We can poison a local area, dump garbage in the river, and we can even meltdown nuclear power plants. However, this is like cutting your finger – it is not cutting your head off and you will survive. We cannot look at local pollution which is nasty and can make the air hard to breath in an industrial city.
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