Nordhaus assures us in his DICE model that growth continues like a cruising Cadillac on the California coast with an occasional pothole. But the reality is rainstorms, mudslides, earthquakes, and other drivers on the road.

Christopher Ketcham, in When Idiot Savants Do Climate Economics How an elite clique of math-addled economists hijacked climate policy, The Intercept, Oct. 28.

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• Source: https://www.carbontax.org/blog/2023/10/29/nordhaus-assures-us-in-his-dice-model-that-growth-continues-like-a-cruising-cadillac-on-the-california-coast-with-an-occasional-pothole-but-the-reality-is-rainstorms-mudslides-earthquakes-and-othe/