Texas Is a Rich State in a Rich Country, and Look What Happened
A A few months back, because I really know how to live, I spent a night reading “The Green Swan: Central banking and financial stability in the age of climate change.” The report, released in January 2020 by the Bank for International Settlements, argued that central banks, concerned as they are with the stability of prices and financial systems, were negligent if they ignored climate change. The economies we know are inseparable from the long climatic peace in which they were built. But that peace is ending. There are no stable prices in a burning world. This is one of those papers ...
Source: aawsat.com