Pandemic Shows Why Climate Change Is Major Economic Risk, Says Europe’s Schnabel

By and Frank Siebelt | August 31, 2020

  • August 31, 2020 at 1:33 pm
    Craig Winston Cornell says:
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    I read this article twice trying to find the connection between Covid 19 and climate change. It still escapes me.

    Other ideas for future articles:

    “Covid 19 shows why Racism is a Major Economic Risk”
    “Covid 19 shows why Inequality is a Major Economic Risk” (I think this one has been done already)
    “Covid 19 shows why People Need to be Told What to Do with Their Lives”
    “Covid 19 shows why People Need to Eat More Vegetables”

    • September 1, 2020 at 8:35 am
      Rosenblatt says:
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      Article seems pretty clear the connection is because both issues have implications towards monetary policy even though the issues at first do not appear related to monetary policy. Not sure how you missed that if you read the article multiple times – I got it from the first few paragraphs on my first read.

      • September 1, 2020 at 1:28 pm
        Craig Winston Cornell says:
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        Don’t be a simpleton. Everything can be tied to monetary policy, especially for liberals, because government spending and interest rate decisions can impact everything.

        • September 1, 2020 at 2:49 pm
          Rosenblatt says:
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          The expert cited in the article is on the Board of the European Central Bank. PhD in Economics from University of Mannheim in Germany. Former Member of German Council of Economic Experts. Former Professor of Financial Economics, University of Mainz… … …

          It’s tied to money because of her background, not because of liberals.

          MAAAYBE she is a liberal. I don’t know. Do YOU know? How?

          If not, you just made this article political when it’s really got an international banking focus. Not everything comes back to liberals vs conservatives.

          • September 1, 2020 at 4:58 pm
            Craig Winston Cornell says:
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            Damn, you ARE a simpleton.

            The European Central Bank policy is – by definition – political. There isn’t some list of rules to use when making decisions in a central bank, which is why they can bemoan the “threat” of climate change when they are NOT climate scientists.

            They are just like our Federal Reserve, which just announced that they think interest rates can be low . . . forever. And if you don’t understand the political nature of that decision, well, I can’t help you.

          • September 2, 2020 at 9:47 am
            Rosenblatt says:
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            “There isn’t some list of rules to use when making decisions in a central bank”

            Are you kidding me with this argument?

            https://www.ecb.europa.eu/ecb/legal/html/index.en.html

            As an EU institution, the European Central Bank (ECB) operates under clearly defined rules which can be found in primary and secondary European Union law.

  • September 2, 2020 at 9:42 am
    Rosenblatt says:
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    A glitch in the system caused this to be posted twice.



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