Great Myths of the Great Depressionn

Lawrence W. Reed discusses the latest edition of his primer, "Great Myths of the Great Depression." Recorded at the annual Austrian Scholars Conference, Ludwig von Mises Institute, 12 March 2009.

Again Mr. President, that is not true

During the electionn, the President Elect made the following statement: "Few challenges facing America and the world are more urgent than combating climate change. The science is beyond dispute, and the facts are clear." On Monday, the CATO Institute ran a full page in in the New York Times that contained the following statement, and signed by many top climate change scientists: (To see the full page add, click here.)

With all due respect Mr. President, that is not true.

"We, the undersigned scientists, maintain that the case for alarm regarding climate change is grossly overstated. Surface temperature changes over the past century have been episodic and modest and there has been no net global warming for over a decade now. After controlling for population growth and property values, there has been no increase in damages from severe weather-related events. The computer models forecasting rapid temperature change abjectly fail to explain recent climate behavior. Mr. President, your characterization of the scientific facts regarding climate change and the degree of certainty informing the scientific debate is simply incorrect."