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one of the things I've seen you tell me
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what you think about this something that
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I've seen that actually shocks me that I
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was interested in watching over the last
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five or six years I wondered what would
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happen when the left the progressives
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ran into a conundrum and the conundrum
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is quite straightforward if you pursue
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carbon pricing and you make energy more
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expensive then you hurt the poor and I
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don't think you just hurt them in fact I
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know you don't you just don't hurt them
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I heard a man two days ago who fed 350
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million people in the course of his life
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um heading the un's largest relief
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agency make the claim quite
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straightforwardly that that
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misappropriation on the part of
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interventionist governments increased
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the rate of absolute privation
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dramatically in in the world over the
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last four or five years and not and that
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has happened not least because of carbon
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pricing not just carbon pricing but the
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insistence that carbon per se is an
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externality that we should control now
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Germany's paid a radical price for that
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for example so their power is now about
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five times as expensive as it could be
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and they pollute more per unit of power
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than they did 10 years ago before they
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introduced these policies that were
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hypothetically there to account for
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externality and the externality was
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carbon dioxide I don't think that's a
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computable externality and I don't think
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there's any evidence whatsoever that
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it's actually an externality that we
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should be warping the economic system to
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ameliorate if the cost of that and it
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will be will be an increase in absolute
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privation among the world's poor so and
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here's a here's an additional argument
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on that front with regards to
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externalities you get that wrong and
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here's something you could get right
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instead if you amarate absolute poverty
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among the world's 1 billion billion
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poorest they take a longer view of the
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future and that means they become
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environmentally aware and so the fastest
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route to a sustainable Planet could well
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be the remediation of absolute poverty
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and the best route to that is cheap
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energy and we're interfering with the
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development of cheap energy by meddling
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with the hypothetically detrimental
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externality of carbon dioxide and
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so it's it's I think this is a complete
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bloody travesty by the way we are
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putting the lives of hundreds of
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millions of people directly at risk
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right now to hypothetically save people
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in the future depending on the accuracy
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of our projection 100 years out and
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these these interventionists these
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people who are remediating externalities
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they actually believe that they can
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calculate an economic projection one
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century out that's utterly delusional so
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okay so just as a to be clear the first
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thing I was just giv an example of how
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you can use like a government
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intervention to make a free market track
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something which which is what C and
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trade or like carbon taxes would do um I
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wasn't necessarily speaking to the
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strength of that individual thing but
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thing to focus on Focus externality we
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can focus on that as well so um the
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first thing uh this going to sound mean
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uh but I'm you know I'm very realistic
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uh there needs to be a better argument
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than just it disproportionately impacts
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the poor that's always classic leftist
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argument it might be but right but it's
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the same argument you made to justify
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your swing to the left at the beginning
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of our discussion you said that you were
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looking at economic inequalities that
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disproportionately affected the poor so
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I can't see why and I'm not trying to be
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mean about this either I can't see why
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you could base your argument that it was
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moral it was morally appropriate for you
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to swing to the left from your previous
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position because you saw
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disproportionate effects on the poor and
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I can't use that argument in the
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situation that I'm presenting it right
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now well because it depends on if we
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think it's a condition that ought to be
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remedied or not for instance if I walk
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you know around and I see homeless
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people and I'm like man this is really
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sad we ought to spend more home money on
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homeless people because it seems like
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they're disproportionately affected by
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their living conditions and then
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somebody says oh well do you think we
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should still lock up you know rapists
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and murderers aren't they
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disproportionately poor I'd probably say
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well yeah we probably should go well
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isn't that hypocritical well no I think
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that rapist and murderers should
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probably be in jail but we can also help
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the homeless at the same time I think
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that just helping the poor isn't an
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argument like a blank check to do every
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possible thing to satisfy poor people
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it's going to depend from
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issue because the poor everyone who's
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poor is not a victim some people who are
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poor are Psychopathic perpetrators sure
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and it's very useful to distinguish them
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but I was making a much more specific
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argument my argument was that the
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fastest way out of absolute privation
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for the world's bottom billion people is
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through cheap energy yeah I I understand
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what you're saying there so just work my
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way towards that um yeah I just want to
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say that just because something targets
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supp poort is not necessarily an
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argument against it another depends on
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how hard it targets them and it depends
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on whether Mass starvation is the
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outcome the outcome is important that I
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agree with so for instance like a syntax
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tax outcome will be
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masturation I'm get okay syntaxes on
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like cigarettes and alcohol are always
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going to disproportionately impact the
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the poor or even sugar we might say
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right but just because that
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disproportionately impacts the poor is
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that a good thing or a bad thing these
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are probably the people that suffer the
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most from those particular
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afflictions so that is immed verus
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delayed issue too right because the
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reason I mean obesity isn't immediate I
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think Al me the reason for the tax is is
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to stop people from P pursuing a certain
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form of short-term gratification at the
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cost of their longer term wellbe correct
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and that that that exact same idea if
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you believe climate models or if you
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believe that we're heading in a certain
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direction uh in terms of climate the
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overall warming of the planet would be
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the same argument you would make for
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climate change only if you believe that
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you could model Economic Development 100
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years into the future well we're not
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trying to model we're we're more
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concerned with modeling climate
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development Economic Development equally
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no well okay tell tell me how I'm wrong
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I don't believe that because what I see
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happening is two things we have climate
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models that
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Financial experts thought we were in the
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clear while these experts anticipated
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rate Cuts inflation in the United States
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is still a significant economic concern
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think about it the US is in the hole by
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$34 trillion and yet we keep printing
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money which pushes the prices you pay
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every day even higher so you can bury
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your head in the sand or you can do
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something about it diversify a portion
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of your savings into gold with Birch
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gold group gold is your hedge against
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inflation and Birch gold makes it easy
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to own they'll help you convert your
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existing Ira or 401K into a tax
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sheltered Ira in gold and you won't pay
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a penny out of pocket make gold part of
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your savings strategy and buy it from
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Birch gold they've been the exclusive
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gold partner of the daily wire for over
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7 years now literally helping thousands
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of our listeners and they can help you
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too text Jordan to 9898 98 and get your
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free info kit on gold then talk to a
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precious metal specialist about
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protecting your savings from persistent
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inflation with gold text Jordan to 98
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now I don't believe that because what I
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see happening is two things we have
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climate models that purport to explain
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what's going to happen over a century on
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the climate side but we have economic
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models layered right on top of those
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that claim that there's going to be
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various forms of disaster for human
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beings economically as a consequence of
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that climate change and so that's like
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two towers of Babel stacked on top of
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one another and so because if if people
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were just saying oh the climate's going
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to change there'd be no moral impetus in
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that it's the climate's going to change
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and that's going to be disastrous for
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the biosphere and for Humanity but
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that's an economic argument as well as a
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climate-based argument it's it's both
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but the the worst the worst projections
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of what would happen if the climate took
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a disastrous turn are worse than the
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worst projections of what is our planet
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going to look like economically if we
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hardcore police you know why would you
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okay but I don't understand the
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distinction between
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well the argument would be that whatever
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pain and suffering poor people might
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endure right now because of a move
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towards green energy that pain and
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suffering is going to be short-term and
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far less than the long-term pain and
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suffering right but that's dependent on
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the Integrity of the economic models and
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the E and and the climate models as well
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right exactly but that but in exactly
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the Stacked manner that I described and
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like there's nobody in 1890 who could
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have predicted what was going to
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happened in 1990 economically not not a
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bit not a bit and and if we think we can
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predict like 50 years out now with the
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current rate of technology and calculate
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the potential impact of climate change
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on economic flourishing for human beings
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were diluted no one can do that and then
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and so and it's worse so imagine that as
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you do that and you project outward your
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margin of error increases that's
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absolutely definitely the case and at
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some point you're certainly on the
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climate side the margin of error gets
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rapidly to the point where it subsumes
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any estimate of the degree to which the
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climate is going to transform and that
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happens even more rapidly on the
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economic side potentially but right now
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I think right now this is a disagreement
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on the fact of the matter though not the
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philosophy of what we're talking about
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in terms of controlling externalities if
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we think I'm so I'm curious let's say
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that we think we can accurately predict
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the climate and the economic impact and
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we think that the climate impact would
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be far worse if we don't account for
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that both in terms of human conditions I
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don't believe any of those presumptions
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I think but then if you don't but I mean
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like obviously if I agreed with that
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that factual analysis I would probably
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agree with you on the prescription here
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too right like none of the climate
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models were accurate couldn't accurately
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predict well they're not sufficiently
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accurate that's the first thing and SEC
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because they have a margin of error and
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it's a large margin of error they don't
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even model cloud coverage well that's a
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big problem they don't have the
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resolution they don't have nearly the
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resolution to produce the accuracy
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that's claimed by the climate apocalypse
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mongers not even saying that but we just
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got another one of the hottest years on
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record how many times are we going to
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have another hottest here on record how
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many times are we going to have an
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increase of carbon dioxide concentration
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in the atmosphere before we're finally
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like okay I don't know and the the
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reason I don't know is it because it
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depends the scientific answer to that
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question depends precisely on the time
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frame over which you evaluate the
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climate fluctuation and that's actually
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an intractable scientific problem so you
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might say well if you take the last 100
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years this variation looks pretty disal
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and I'd say well what what if you took
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the last 150,000 years or the last
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10,000 or the last 10 million you can't
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specify the damn time frame of analis
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the time frame is incredibly important
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that would be like saying look at your
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you know let's say somebody developed
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cancer and they didn't realize it and
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the person has lost you know 40 or 50
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pounds in in the past six months and
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like you you look very sickly and you're
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like okay well look at my weight
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fluctuation over the past 10 years say
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well it doesn't really matter what
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matters I'm saying the time frame isn't
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important saying that it is important
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saying I don't know how to specify it
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well you would probably specify with the
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beginning of the Industrial Age right
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because when that's when carbon dioxide
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which is a gas that is trapping uh more
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heat on the planet is that relevant to
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the time over which you compute the
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variability because it seems like as
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carbon dioxide has increased in the
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atmosphere the surface temperatures have
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risen at a rate that is a departure from
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what we'd expect over 150,000 year
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cycles of temperature variations on the
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planet no not with that time frame
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that's not the case absolutely the case
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no what do you mean you just flipped to
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150,000 year time span what I'm saying
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is that if if we expect to see a
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temperature do this in 150,000 year time
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span in 100 years time spend seeing it
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do this that's very worrying Michael
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man's hockey stick the one that's under
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attack right now in court by Major
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statistician who claimed that he
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falsified his data mean that Spike the
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I'm talking about the record
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temperatures that are declared that have
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been declared for like the past five
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years that have also increased with the
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uh with the concentration of parts per
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million of carbon dioxide of the
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atmosphere um I mean I'm not going to
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tell you that every model is perfect
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right now sure but right now we're like
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standing in traffic with our eyes close
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saying the car hasn't hit me yet so I
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don't think there's any coming I think
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it's pretty undeniable at this point
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that there is an impact on climate
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across the planet I I think that's
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highly deniable we have no idea what the
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impact is from we don't know where the
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carbon dioxide is from we can't measure
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the warming of the oceans we have
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terrible temperature records going back
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a 100 years almost all the terrestrial
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temperature uh uh uh detection sites
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were first put outside urban areas and
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then as right and then you have to Cor
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then you have to correct for the for the
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movement of the urban areas and then you
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introduce an error parameter that's
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larger than the purported increase in
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temperature that you're planning to
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measure this isn't data this is guess
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and there's something weird underneath
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it there's something weird that isn't
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oriented well towards human beings
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underneath it it has this guise of
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compassion oh we're going to save the
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poor in the future it's like that's what
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the bloody Communists said and they
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killed a lot of people doing it and
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we're walking down that same road now
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with this insistence that you know we're
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so compassionate that we care about the
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poor a 100 years from now and if we have
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to wipe out several hundred million of
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them now well that's a small price to
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pay for the future Utopia and we've
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heard that sort of thing before and the
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alternative to that is for is to stop
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having global level Elites plot out a
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utopian future or even an anti-
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dystopian future and that's exactly
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what's happening now with organizations
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like the wef and if this wasn't
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immediately impacting the poor in a
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devastating manner I wouldn't care about
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it that much but it is you know I
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watched over the course of The Last 5
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Years the estimates of the number of
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people who were in serious danger of
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food privation rise from about 100
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million to about 350 million that's a
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major price to pay for a little bit of
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what what would you say for for progress
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on the climate front that's so narrow it
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can't even be measured I don't think the
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increase in in hungry people on the in
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the planet is because of climate
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[Music]
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