Scottish Economics Conference Glasgow: Economics of Debt (& Climate Change)

This keynote to the student-organized Scottish Economics Conference held in Glasgow in February 2019 covers the macroeconomics of private debt and credit, and in the final minutes, covers the absurdity of the "damage function" that Nordhaus uses to conclude that a 6 degree temperature rise--a level which last occurred during what's known as the "Permian Extinction" when about 80% of all then existing life forms went extincy--will cause a mere 8.5% fall in GDP.

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