Raymond Richman - Jesse Richman - Howard Richman
Richmans' Trade and Taxes Blog
The Man-Made-Trillion-Dollar-Climate Warming Hoax
Man-Made-Trillion-Dollar-Climate Warming Hoax
The following items are excerpted from two recent articles on climate change that the media and pundits alike ignored. Indeed, Pundits like Paul Krugman and US leaders like Sen.Lindsay Graham are making a push to force Pres. Trump to change his position and to enact curbs on the use of fossil fuels. Almost all of the Democratic candidates for president take the same position. Countries around the world have already spent hundreds of billions of dollars to promote wind and solar sources of energy and continue to subsidizes electric vehicles making hundreds of millionaires.
The source of the first is RT.com. Published 12 and 13 Jul, 2019
A new study conducted by a Finnish research team has found little evidence to support the idea of man-made climate change. The results of the study were soon corroborated by researchers in Japan. ...
The Delusional Wall Street Journal
Trump Derangement Syndrome has not only affected Democrats. It has also affected some of those on Wall Street who oppose Trump's trade-balancing agenda. On Thursday, the Wall Street Journal (A Navarro Recession?) suggested that Monday’s stock market slide heralded a recession which they blamed on White House Trade Advisor Dr. Peter Navarro's unreasonable stance on China. But later that day the stock market rose, for the third day in a row, erasing Monday's slide.
In the same editorial they claimed that China had stopped manipulating its currency in 2014. But a few days earlier the Chinese government had forced the yuan through the 7 yuan per dollar barrier, and on Monday (August 5) Secretary of Treasury Steven Mnuchin determined that they were a currency manipulator. Meanwhile the price of gold has been surging, probably because China has been accumulating gold as a byproduct of its currency manipulations.
Mnuchin's declaration showed off yet another delusion in the Wall Street Journal editorial, that Navarro is somehow isolated within the administration. To the contrary, the President has put together an economic team that is working very well together. Treasury Secretary Mnuchin wasn't the only one to act this week. On Tuesday (August 6) Commerce Secretary Wilbur Ross slapped a 230% countervailing duty on two Chinese cabinet makers.
In the words of Sundance at the Conservative Treehouse, President Trump has put together "an incredible team, delivering astonishing results." In fact, the U.S. economy is now in the midst of our longest period of expansion ever, largely due to three of Trump's actions:
Because Navarro has been in the WSJ crossfires this week, he has been interviewed frequently. Unfortunately, his interviewers have tended to interrupt him constantly. Here's the rare interview in which he was given a chance to lay out the administration's reasonable goals in its negotiations with China:...
Journal of Economic Literature:
Atlantic Economic Journal: