Global Warming and the Supply Side of the Housing Bubble
Environmental activists have blamed every conceivable ill in society on global warming – from the spread of disease to increased risks of forest fires to environmental despoliation and the retreat of glaciers.
Yet there is one massive and ever-present problem that environmentalists have not yet tied to global warming: the global financial meltdown, which has threatened the world economy much the way supposedly melting polar ice is supposedly shrinking polar bear habitats. This is one crisis, however, that might actually be directly tied to global warming.
This is the largely untold story of the ongoing economic crisis. It’s not nearly as far-fetched as it sounds.
We’ve all been reading about the main causes of the economy…