WUWT
David Middleton
Back in 1980, the great libertarian economist, Julian Simon, and the prepetually wrong Malthusian biologist, Paul Erlich, entered into a little wager regarding population growth and resource scarcity. They decided on using the inflation-adjusted prices of five metals to decide the bet. Simon allowed Erlich to pick the five metals. If the 1990 prices were higher, Erlich would win. If they were lower, Simon would win. With the help of a fellow perpetually wrong Malthusian, John P. Holdren, Erlich selected chromium (Cr), copper (Cu), Nickel (Ni), tin (Sn) an
d tungsten (W). Julian Simon won the bet. However, a couple of years ago, economist Paul Kedroski suggested that had the time period of the bet extended to 2010, Erlich would have been the winner every year since 1991…
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About Standard Climate

Interested in all things about the Planet.
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