The Federal Reserve and Climate Change?

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AUGUST 31, 2021

NY Times: How Should the Fed Deal With Climate Change?

A study suggested the Federal Reserve could help fight climate change by excelling at its primary job: maintaining a strong economy.

There is so much “fail” — based on so many flawed assumptions –to unpack in this propaganda piece pooped out by Slimes “Senior Economics Correspondent,” Neil Irwin. The ignorance and contorted anti-logic on display here are astonishing, really — all the more so when we consider the “prestige” attached to whatever appears in the pages of “the paper of record.”

Hazmat suits and hip waders on, boys and girls. Let’s clean up some of this juvenile journalist’s fallacious fecal matter.

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Irwin’s illogical idiocies will scramble the brains of unsuspecting readers. He badly needs a course in Greco-Roman logic.

Irwin: The climate crisis is at high risk of becoming an economic crisis. 
Analysis: Notice how the lie of the “Climate Con” is always casually stated as an established foundational truth upon which other theories (and endless “studies”) can to be built upon. In sales, this is known as “assumptive selling” — or, in logic, Existential Fallacy.

Irwin: That is an increasingly widespread view ….
Analysis: “Widespread view” — Arguing to Popular Fallacy.

Irwin: … among leading economic thinkers …
Analysis: “leading thinkers” — Arguing to Authority Fallacy.

Irwin: — that a range of economic and financial problems could result from a warming planet and humanity’s efforts to deal with it.
Analysis: Half wrong // half right. It is ONLY the proposed “solutions” to the non-existent “crisis” that will cause economic problems.

Irwin: What should the United States’ economist-in-chief do about it? 
Analysis: Putting aside the fact that man-made “Climate Change”  is a HOAX — How would the Federal Reserve System possibly fight such a phenomenon?

Irwin: That question has taken new urgency as President Biden weighs whether to reappoint Jerome Powell to another term leading the Federal Reserve or choose someone else. 
Analysis: We’re not sure if the Trump-appointed Anglo, Jerome Powell is a closet “White Hat” or not, but we have noticed that “the usual suspects” aren’t too crazy about him — like they were for his nearly half-century long string of predecessors — Janet YellenBen BernankeAlan GreenslimePaul Volcker(here) and Arthur Burns

Irwin: Climate activists and others on the left have argued that Mr. Powell should be replaced by someone with stronger credentials as a climate hawk. Demonstrators backing this cause were planning to protest at an annual Fed symposium.
Analysis: Communist scum protesting Powell and demanding he not get another term? Yep… He’s gotta be a “White Hat” — or at least not a total villain.

Irwin: Among other things, they want the Fed to use its regulatory powers to throttle the flow of bank lending to carbon-producing industries. 
Analysis: Wow! The “climate activists” (who work for the Cabal) want to fight “Climate Change”  — by using the banking system to deny financing to “polluters.” Now that is some scary Communist shit right there.

Irwin: At the same time, some Republicans are assailing the Fed for mere research efforts involving climate.
Analysis: So, in addition to counterfeiting, loan sharking and market rigging — the Fed’s new role is “researching climate?”

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Powell’s true loyalties remain a mystery — but his appointment by Trump broke a long string of Jewish Chairmen running the Fed, and his refusal to to go along with green lending standards is also a hopeful sign.
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Communist street scum with professional banners call for the removal of Powell for his lack of “leadership” on “Climate Change.”
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Paul “Father of the Fed” Warburg
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Irwin: It is clear there would be a huge outcry on the right if a new Fed chair were to take an activist stance in trying to limit the availability of capital in energy-extraction businesses.
Analysis: The old Republican’t Party of the Bush Clan, Paul Ryan, John McStain, Mitt Romney et al, would have let it pass. But Irwin’s right. The new Trump Party would never permit such a policy.

Irwin: So far, Mr. Powell and other leaders at the central bank have taken a middle ground. They’ve committed to studying the ways global warming will affect the economy, but not trying to manage how loans are allocated
Analysis: It appears that Powell is telling the Warmist Mafia what it wants to hear, but will not give them what they actually want. Good enough.

Irwin: Arguably, one of the more important things the Fed can do to help fight climate change is to excel at its primary job: maintaining a stable, strong economy.
Analysis: What??? I’m confused. How would a “stable and strong economy” prevent “Climate Change ? Wouldn’t more economic activity generate more of the dreaded plant food known as CO2?

Irwin: Consider some surprising public opinion data.  Since 1989, Gallup has polled Americans about whether climate change worried them personally.
Analysis: To digress a bit — the push-pull art of “public opinion polling” involves the deliberate surround-sound saturation of the normie mind with false propaganda about this or that subject — followed by periodic measurements (polls) of the effectiveness of all that repeated lying.

Irwin: The peak was in April 2000, when the share of people worried about the climate was … (very high). That was also one of the best months for the U.S. economy, with unemployment a mere 3.8 percent. …. Climate worry in the survey hit a low in 2010 and 2011, in the aftermath of the global financial crisis … Using a broader range of evidence from both the United States and Europe, two political scientists at the University of Connecticut, Lyle Scruggs and Salil Benegal, found that a decline in climate concern in that period was driven by worse economic conditions, which increased worry about more immediate issues.
Analysis: So, the distinguished (and surely well-funded) “political scientists” needed a “study” to figure out that when times are hard, suddenly fearful or unemployed people have more pressing concerns to worry about than bullshit “Climate Change ?”  — Brilliant! Who’d have ever thunk it?!

Irwin: It raises a dispiriting possibility: As the planet gets hotter, it could make it harder to keep the economy on an even keel. But the worse the economy performs, the more toxic and dysfunctional climate politics may become.
Analysis: In short, the demented freak is worried that the economic damage caused by “Climate Change”will make it harder to further damage the economy with the needed “solutions” to “Climate Change .” But if the historically, notoriously and deliberately destructive Federal Reserve can “do its job” and give us a strong economy (ha ha ha ha ha) — then we can ruin the good times by selling the public on the painful and expensive policies desired by “climate activists.”

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We’ve said it before and shall say it again and again and again — one couldn’t write better satire than what the “elite” journalists and academics of “The West” regularly put out as news and  “science.”

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Will the Fed go green? Not under Powell’s watch, it seems.
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Skruggs
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Benegal

Academic ass-clowns: the Connecticut comedy duo of Skruggs & Benegal made the shocking discovery that jobs matter more to people than “Climate Change.” 

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“So you guys are telling me that the only way to destroy the economy is to save it first?”

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