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Tragically, policymakers have thrown horrendous amounts of taxpayer money needed for other purposes at solving an unsubstantiated emergency. It is scandalous that so many climate scientists who fully knew that Al Gore had no basis for his irresponsible claims stood mute.
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The economic repercussions of a stock market crash depend less on the severity of the crash itself than on the response of economic policymakers, particularly central bankers.
A Crash Course for Central Bankers, Foreign Policy (September/October 2000) -
We shouldn't limit the idea of 'policy recommendations' to regulators. On the Internet, all of us are, in a sense, policymakers.
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