Is Climate Finance the Next Bubble?
—Arvind Subramanian on Project Syndicate
This is really very simple: Finance makes money when it blows up bubbles, and when the bubbles burst, it's their customers, and not them, who pay the price.
This is why I oppose things like cap and trade: High finance spoils everything that it touches.
As I frequently note, "There is nothing that the finance industry cannot ruin."
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A member of the Democratic wing of the Democratic party, and a fan of Bernie who thinks Neoliberal (DLC/New Dem) trickle down conomics sucks.Mechanical Engineer with a background in defense, electronics packaging, medical & food equipment, transportation, and manufacturing.
In my spare time (Hah!), I am the developer of the Firefox addon, bbCode for Web Extensions (bbCodeWebEx).
I have two cats, a black cat, and a gray and white long hair cat, who keep me on my toes. (Because he keeps attacking my feet)
I am a Jew and a Zionist, who is married to a woman with exquisitely bad taste in men, and I have two remarkable children with her.
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