Guest essay by Eric Worrall
According to The Atlantic, Biden didn’t cause inflation by dumping crazy amounts of money into the economy, the inflation occurred because climate change prevented the economy from responding the way it was supposed to.
The World Isn’t Ready for Climate-Change-Driven Inflation
Extreme weather and energy uncertainty are already sending prices soaring.
Over the past year, U.S. consumer prices have risen 7 percent, their fastest rate in nearly four decades, frustrating households and tanking President Joe Biden’s approval rating. And no wonder. High inflation corrodes the basic machinery of the economy, unsettling consumers, troubling companies, and preventing everyone from making sturdy plans for the future.
Now, Biden is not a king, nor does he have an alchemist on staff. But some economists believe that he accidentally did something similar last year when he passed a $1.9 trillion relief bill into an economy still constrained by the pandemic. Flush with $1,400 stimulus checks but stuck at home, consumer spending on durable goods surged. But where was all that stuff supposed to come from? America’s overeager excess of dollars leapt into the world, chasing goos from factories shut down by the Delta variant and ports clogged with shipping containers.
But it also went chasing after … scarce lumber from Canadian forests. Some of the biggest causes of today’s inflation do not seem related to the sudden surfeit of dollars. The surge in dollars can’t explain why gas prices are so high or why coffee prices are spiking. Something else is going on.
For years, scientists and economists have warned that climate change could cause massive shortages of major commodities, such as wine, chocolate, and cereals. Financial regulators have cautioned against a “disorderly transition,” in which the world commits only haphazardly to leaving fossil fuels, so it does not invest enough in their zero-carbon replacements. In an economy as prosperous and powerful as America’s, those problems are likely to show up—at least at first—not as empty grocery shelves or bankrupt gas stations but as price increases.
That phenomenon, long hypothesized, may be starting to actually arrive. Over the past year, unprecedented weather disasters have caused the price of key commodities to spike, and a volatile oil-and-gas market has allowed Russia and Saudi Arabia to exert geopolitical force.
…Read more: https://www.theatlantic.com/science/archive/2022/02/greenflation-prices-inflation-climate-change-coffee-lumber/621456/
Obviously the solution is for President Biden to keep shutting down pipelines and mining leases and dump even more money into the economy, until the supply chain magically heals itself and inflation eases.
We are peaking as a species.
It would seem our skulls simply cannot cope with the rate of inflating brain cells.
It was an evolutionary paradigm shift: thinking migrated from the grey brain cells to the bone cells of the skull.
You know, after the brain drain, the skull took over.
Not necessarily…The Idiocratic Pontificating Prognosticators are simply attempting to form their Idiocricy
would that be the Idiocratic Pontificating Prognosticator Cabal?
We are past the peak. The Apollo program and the Moon landings were the peak. Since then, it’s been downhill.
Not for all of us. Although the parasitic drag is causing issues.
I like what you are saying! I want us back to the Moon and past.
You did not understand right the trend line, Pauleta: can’t you see that little downward hook at the end? It means that we are already in the descendeing slope after the peak!
This is a mass intelligence test for Atlantic readers. Not sure about the outcomes for that group.
Does anybody really read the Atlantic? I tried to find this clown’s bio but he doesn’t seem to want anybody to know what his credentials are.
That’s because he’s a complete retard…
At least you had something nice to say about him. Yo momma done taught you good, Milo.
BA (music) North Western U. Does work for CNN as well. One would have to begin as a tard and repeat it over and over to make it complete. I wouldn’t think climate is his area of expertise, and as biased as he is, journalism might not be his thing either.
A lot of the Lefties I know think economics is just “common sense”, and their Liberal arts degrees are more than enough to enable them to pontificate knowledgeably on such matters.
Cuz they read it in the Grauniad. Or Paul “Hack” Krugman recently opined on the subject.
I’ve found some insightful, fact-driven reporting in the Atlantic. Plus drivel like this and articles that still claim all the Russia gate allegations are really true.
“The Atlantic” hires the best writers that Deep State money can buy.
This is exactly why I pulled the plug on the MSM/corporate media years ago. Reading anything in these magazines is a mentally agonizing experience.
“Their every truth is not quite true. Their two is not the real two, their four not the real four; so that every word they say chagrins us, and we know not where to begin to set them right.” ~ Ralph Waldo Emerson, Self Reliance
Global warming IF it does exist is inflating both hydrosphere and the atmosphere, therefore it is correct as long as climate change is warming, and vice versa, global cooling causes deflation. In 1980s while there was a bit of cooling, Japanese economy suffered severe deflation from which it never properly recovered. /sc
Putting this out there for anyone to use in Trump’s 2024 campaign:
“Under the Democrats*, in less than 2 years, the $1.00 Store became the $1.25 Store.”
*(“the Big Guy” is a cipher — irrelevant; gruesomely amusing, but irrelevant)
“It’s the economy, stupid.” Heh, heh, heh.
The best thing about the $1.25 store it put more coins back in play, so maybe no shortage and we can delay the digital currency, let’s pray, that would be the point of no return. Gee let me record paying my lawn kid the 20.00 big brother needs to know
At least there is some good news over at CNN today. Reality finally got its pants on again.
Jeff Zucker resigns from CNN over consensual relationship with key lieutenant – CNN
That excuse flunks the smell test. NOBODY resigns because of CONSENSUAL sex.
Depends how it it rated 🙂
Ha! But, yeah, nobody resigns over a little casual sex, you have to also have tanking ratings.
Tanking?!? Zucker was fracking ratings to squeeze out the last 8 people watching CNN.
Kamala is the prime example of using “consensual” sex to advance one’s career. I’m sure Zucker’s paramour is entirely qualified for her exhalated position.
He was supposed to disclose any relationships with co-workers, especially those that work under him.
Or that work on top of him.
Nobody is forced out over consensual sex as long as things are going well.
And by all measures, things aren’t going well at CNN. Their entire programming lineup is based on Trump Derangement Syndrome. The only people who talk more about Trump than the Donald himself are the unbalanced members of the media. The public by-and-large, could hardly care less. Ratings are in the toilet and scandals at CNN are common fodder at Fox News and elsewhere. Changes have to be made.
It does pass with the woke crowd! When are these folks going to realize that hanging out with the woke crowd from the Ivy League is fraught with danger and start hanging with ordinary folks so they can learn what the proles know?
NOBODY resigns because of CONSENSUAL sex.
In follow-up news, Chris Cuomo’s lawyer sent some sort of “information retention” demand to preserve emails between Zucker, the mistress, and Andrew Cuomo.
Who knows what that’s about…
Yet Clinton got away with poking a powerless but hopeful intern. Then again, Zucker is truly ugly while Clinton only looks (and is) sleazy.
Bill Clinton will bite you if you don’t cooperate.
Had only Monica bitten.
Over the past year, unprecedented weather disasters have caused the price of key commodities to spike,
That cleverly phrased bit of ‘information’ has happened somewhere, every year. Those are local effects caused by weather and local economics, not a global temperature spike. Worldwide temperatures are barely moving, and are lower now than they were five years ago.
Cool it with the hysterics.
Not only that but the world keeps right on setting harvest records. When is climate change going to actually bite and cause less food for the world? 30 years from now?
When access to fossil fuels and the fertilisers relying on fossil fuels are regulated/taxed out of existence. It has already happened in Sri Lanka:
Well, that didn’t work.
Fortunately they can buy rice and grains on the international market, even if they have to borrow money and get aid money to do it to feed their people. The Greens want to bring that to the entire world. That is why they must be stopped.
whenever the next glaciation kicks in……….
the descent to NH glaciation looks fast on the geological time scale but is so slow on the human time scale that no one would notice the fitfull starts and stops for a millennium or more.
When the climate is negatively affected by Cold Fusion
it’ll always be 30 years in the future, like fusion reactors
That happened just today on the front page of MSN UK
A breathless MSN story warned about ice and snow coming to the UK inside the next 2 or 3 days amidst ‘severe weather warnings’ issued by the Met Office.
The story itself was a re-write of and credited to something that was in one of today’s tabloids – possibly The Mirror?
The 2 forecasts I’d seen (Wundergound 10-day and BBC) had some rain for tomorrow night and temperatures rising through the week.
So I goes to the Met Office and perfectly No Severe Weather Warnings for the next 7 days
So not only had the tabloid paper completely invented the story, MSN had repeated it in their own breathless style without even checking its veracity.
why. what happened here. what is wrong with this world nowadays.
Because ‘something’ is Very Badly Wrong
It’s because you keep eating buckets full of sugar. Stop it.
What is the Atlantic going to say when Biden and his stupidity are gone and inflation goes back to normal? That the next president solved Climate Change, ended the Existential Threat?
Can’t wait to see that headline.
The Atlantic is just another leftwing propaganda organ.
They’ll ignore it and cover up the absence by inventing a new scandal.
Maybe Covid counts as a weather disaster?
Mr. Robinson Meyer‘s suggestions need more support than speculation. The Biden Administration has been making itself run around in circles. Almost every policy he has implemented has contributed to inflation- Cash payments to most people after the Admin. had already shut down the Keystone pipeline, nearly collapsing the economy with lockdowns, then no lockdowns, that back to lock downs, restricting air travel then using it to sprinkle hundreds of illegal immigrants around the country with money following them.
Neither Mr. Meyer nor Mr. Biden have understood that erratic behavior promotes stability in the economy.
If only there was a field of study dedicated to understanding this phenomenon.
I know! I know! (jumping up and down with excitement)
It’s obviously music ’cause Mr. Meyer’s degree is in music.
For whatever reason, Dunning Kruger comes to mind. I wonder why.
It is a well-known scientific fact that ‘Climate Change’ causes all known adverse events on Earth and possibly beyond Earth too.
Hmmm… Didn’t we lose contact with two rovers on Mars?
We know there is CO2 on Mars. Hmmm ….
You’re right, Gunga Din. Things that make you go hmmmmm…
One might ask, where was Mikey Mann when all this was going on, eh?
Maybe we could send Mann to investigate?
Talk about jumping the shark….
“The surge in dollars can’t explain why gas prices are so high or why coffee prices are spiking. Something else is going on”
Gas prices are high because Biden shut down Keystone and halted leasing on so much federal land. Coffee prices are spiking because of Biden’s supply chain crises. It’s only the west coast shipping ports that are causing shortages. Container ships rerouted to Savannah don’t see to be having any trouble getting unloaded.
It is Biden’s policies that are at fault, they are the root cause. Climate change has nothing to do with it!
These are not ‘Biden’s policies.’
Biden reads and/or signs what is before him and is rewarded with a pudding cup.
There’s no ‘there’ there anymore when it comes to Biden.
Biden is the Alzheimer’s patsy. When it all goes to hell in a handbasket, he’ll be blamed and take the fall, all while asking, “Can I have my pudding cup now?”
Biden was genuinely despicable when he had all his marbles. Now it’s despicable what is being done to him when the only marbles he has left is shooter and a couple of cat’s eyes.
The statement that “Gas prices are high because Biden shut down Keystone and halted leasing on so much federal land” just doesn’t make sense when you look at the timing. In 2021 when Biden stopped the Keystone XL pipeline only 8% of it had been completed (since 2017 when construction started) so even if Biden had done nothing the pipeline would still be under construction. Similarly it takes a lot longer than one year to go from buying a lease to producing gas. Thus Biden’s policies have not yet had time to influence oil output.
Shutting down the pipeline and halting leases would mean projections of future gas supplies being restricted. Hence the market reacts and prices go up. Economics not your strong point, is it?
Supply and demand?
Most of California’s problems are being caused by Gov. Newsome. Such as banning trucks with engines more than 10 or 12 years old. Which was about half the available trucks.
“Over the past year, unprecedented weather disasters have caused …”
On a planet that’s four billion years old, nothing is unprecedented. Even the asteroid hit that wiped out the dinosaurs was ‘precedented’ by the one that formed the moon.
But anymore, The Atlantic is no less reliable than the AGU’s Geophysical Research Letters.
Sorry. Can only click the upvote once.
“But anymore, The Atlantic is no less reliable than the AGU’s Geophysical Research Letters.”
The climate change corruption goes deep.
A Farming Insider Has Warned Me That The Coming Food Shortages Are Going To Be FAR WORSE Than We Are Being Told
“Things for 2022 are interesting (and scary). Input costs for things like fertilizer, liquid nitrogen and seeds are like triple and quadruple the old prices. It will not be profitable to plant this year. Let me repeat, the economics will NOT work.”
So inflation literally starves to death – who wudda thunk?
I doubt you should be taking economic advise from people who write books like this:
You pay attention to wallies like Al Gore and Greta Thunderbuns, so I think we can park your opinions in the bin.
Says the guy who takes climate advice from skepticalscience.com.
Exactly what experience do you have with farming and ranching?
Do you have any experience in the determination of farm economics of what to plant and how much?
We are going to be in the same shape that farmers were in with the oil crises in the 70’s. It will behoove them to build more and more on the farm storage so they can keep grain to sell on spot markets . The result is higher and higher prices throughout the food chain.
How much would ending our ethanol mandates help?
For gas prices not much. For corn prices, a huge amount.
Yes, I was thinking of food prices.
OK, I’ll explain it. We’ve had no quantifiable global warming for 6-7 years and until very recently no inflation (with the Fed actually trying to jump-start inflation until recently) It’s just another example of the magic molecule.
This is junk science driving junk economics.
“A volatile oil-and-gas market has allowed Russia and Saudi Arabia to exert geopolitical force“. Gee, I wonder what could cause volatile markets in oil and gas. It couldn’t be government intervention. So it must be climate change.
You coulda warned us/ I had to wipe the dripping sarcasm off my screen, Trying to Play Nice.
“It couldn’t be government intervention. So it must be climate change.”
You nailed it. Joe should have left Trump’s policies in place and gone fishing and we would all be a lot better off.
At least Uncle Joe won’t swear at him in public. Sucking up might even get him a job in the administration alongside all the other content providers from MSM and other outlets that got jobs after the election.
…. notably MSNBC
He only swears at reporters these days.
Remember that the Atlantic is now owned by Laurene Powell Jobs, Steve Jobs widow. And she is as nutty California as they come. So of course the Atlantic now ignores cancelled pipelines, cancelled ANWAR and Gulf oil leases, and massive spending (all by Let’s go Brandon) to blame climate change.
I can also prove CO2 newly causes inflation, because since Biden stole the 2020 election both have gone up. No /s needed. Just Mannian climate logic minus ‘Mike’s Nature trick’.
“Remember that the Atlantic is now owned by Laurene Powell Jobs, Steve Jobs widow. And she is as nutty California as they come.”
I think her and Kamala are good friends. I wonder if that had anything to do with Biden picking Kamala as vice president?
Laurene throws a *lot* of money around in radical leftwing circles. She has a lot of influence because of it. She is a female, American, George Soros type. She has her fingers in a lot of things. Most of which are detrimental to our Republic remaining ours.
There are many factors. The “solutions” or attempts to stop “Climate Change” have have anything to do with the increased cost of transportation, energy for all home-business-production consumers.
OH! And letting crime run rampant on the Left coast and it’s major ports and rail systems and California only allowing “union trucks” to haul cargo from the docks.
None of that has anything to do with Biden and Left-wingnut policies.
CO2 from fossil fuels, the magic molecule, has caused it all. /SARC
“Extreme weather and energy uncertainty are already sending prices soaring.”
Any “energy uncertainty” is likely caused by the idiotic use of wind and solar.
Going by the phone calls from wine suppliers in Australia, there is no shortage of wine in Australia and prices steady or lower than 2019.
Irrespective of the wine situation in Australia, there will no Net Zero this century. However any attempt to make Net Zero relies literally on MASSIVE amounts of fossil fuels and a vast array of other extracted minerals. Limiting exploitation of mineral resources means any tilt at Net Zero is hobbled before it starts.
USA is living a year ahead of itself in terms of what it owes the rest of the world. USD is losing its gloss as the world currency. The commodities that underpin the charge for Net Zero are being priced in CYN and trade transactions already occurring in CYN crypto.
Here is one example with the most modern of metals:
Look closely at its unit pricing.
Trump was headed in the right direction. Covid and then Biden reversed that good work. USA is now in steep decline.
USA national debt yesterday made news because it has reached US$30 trillion. That is up under the *Biden administration from the US$27.7 trillion when OrangeManBad left office about 53 weeks ago.
Stupidity at this level takes years of hard work. Congratulations, Mr. Meyer.
Out of curiosity, why isn’t this labeled as “misinformation” and censored? I did not know that the Magic Molecule causes trillions of dollars to be pumped aimlessly into the market in the pursuit of consumption without corresponding production.
“massive shortages of major commodities, such as wine, chocolate, and cereals.”
Fair enough re cereals, but since when has chocolate been a major commodity?
Chocolate is a major commodity in my house. 🙂
And there have been shortages of chocolate in my area, although I did manage to replenish my supply in the last few days.
Misinformation is defined as anything that goes against the left wing agenda.
So, a climate that has been slowly warming since the end of the 19th century has suddenly kicked into gear and caused a year’s worth of inflation.
So, a climate that has been slowly warming since the end of the 19th century has suddenly kicked into gear and caused this year’s inflation.
You can say that again.
I see what you’ve done there!
Serves me right for trying to post comments while I’m on the Underground. Mobile connections in tunnels is never wonderful…
“The Atlantic: Forget President Biden”
If only we could.
” Climate Change is Causing Inflation ”
Of course it is! Everyone knows that warm climate is a Wall Street speculator!
You people at the Atlantic are goofy and out of touch. What happen to this esteemed periodical? I remember when the Atlantic had respect and was truthful. These days the Atlantic cow-tows to the extreme progressive set. Have a clue for you, Socialism, Identity politics and Communism DO NOT WORK. Try to start telling the truth again.
Bad political policies are what cause inflation.
The Climate of the Earth has nothing to do with it.
It’s obvious the virus pandemic and mandates didn’t work so, it’s on to climate change and airbrushing failed leadership.
There’s a school of thought that posits government spending cannot cause inflation. While I’m not sure what kind of thinking goes into believing such nonsense, it’s actually a very mainstream belief. For people who believe in such magical thinking, something else must be causing inflation.
I imagine it goes somewhat like this: Hmmm, what can be causing inflation? Climate change causes everything, ergo, inflation must be caused by climate change. Viola! Problem solved.
Look up Paul Krugman for your edification.
Or every economic advisor working in Washington DC.
Robinson Meyer certainly holds no advanced degrees or research credits. He seems to be yeet another garden-variety leftist name-dropping propagandist. He has no ResearchGate.com profile, nor does he have any entries in any other academic database I can find.
The author has no idea
to change to a new system you need to have a functional specification of what the system is to achieve
Then you need to have a description on how you will deliver this system
then you will deliver it
Currently all the net zero hot air fails on all aspects
anybody who has ever delivered a project knows that you need to go through multiple stages of defining the project
developing the required documents (Engineering Design)
sourcing the equipment and materials (Procurement)
building the system (Construction)
Then starting it up (Commissioning)
with the net zero zealots you shut down your energy system and oh on we can’t develop the engineering – no energy
we can mine and transform the raw materials – no energy
we can’t build the system – no energy
Well one thing is for sure – no supply chain – no food – no humans –
Net zero achieved all humans dead
BA in Music.
Sure, he knows what he’s talking about. (rolleyes)
After reading the article, I cannot believe the atlantic published this garbage. It’s beyond stupid.