Just read Jeffrey Sachs’ takedown of Obama’s failure to secure anything substantial from the Copenhagen summit on climate change. And I can just imagine what Rahm Emanuel has to say about it.
In the meanwhile I’m midway through Lords of Finance — and I can’t help thinking that the fundamental problem that led to the Depression and World War II wasn’t the gold standard, it was the squabbling European states (not that the US did much to help). Don’t want to think what that implies for climate change.
Politics may be the art of the possible — but sometimes the possible just isn’t good enough.
Synthetic Assets 