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by rayiner
2399 days ago
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Economists can be pretty damn good at estimating the effect of things on the economy: https://www.cbpp.org/blog/cbo-correctly-predicted-historic-c... > Meanwhile CBO’s 2010 premium projections were remarkably accurate: within 1 percent of actual average 2017 marketplace premiums. Note that economists aren't running climate models. IPCC climate scientists are running models projecting what will happen (e.g. crop yields will decline by 20%.) IPCC economists are then putting a dollar value on those effects. (If crop yields decline by 20%, what will be the hit on the economy?) |
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