Bill Bonner, "What if They're Wrong?"

"What if They're Wrong?"

On climate... on inflation... on the economy...

 on how best to run YOUR life?

by Bill Bonner

Poitou, France - "Yesterday, Massachusetts signed onto the Great Transition crusade. The Washington Post: "Described as a “landmark bill,” the Massachusetts climate legislation notably includes a provision - the first of its kind for the state - that would allow 10 municipalities to legally ban fossil fuel infrastructure in new and major construction projects. With this policy, certain cities and towns in Massachusetts could soon join others across the country that have taken similar steps to change local building codes to block the use of fossil fuels, such as natural gas - meaning many people who want gas stoves or furnaces are probably out of luck in these places." What if they’re wrong? What if trying to change the earth’s climate is a wild goose chase?

The Pentagon was in the news yesterday too. In what ‘CovertAction’ calls the “Most Bloated Military Budget in History,” Democrats and Republicans joined hands to deliver defense contractors an $850 billion payday – a $45 billion increase. Supporters say the US needs to spend such huge amounts of money to counter the many threats they’ve managed to stir up – Russia, China… terrorists… gender inequality!

A Lifetime Setback: But what if they’re wrong? What if all that spending actually weakens the US economy… frightens foreigners… and causes potential enemies to ‘gun up’ themselves? Terrorists… Chinese… Russians – aren’t we pushing them to find new forms of money… new weapons… new friends?

What does it matter if you’re wrong? Marry the ‘wrong’ person, for example, and you might dread every breakfast. Making the wrong career choice, too, could be a lifetime setback.

In matters of public policy, the consequences of wrongness are directly proportional to the ambition of the undertaking. Generally, the grander the project, the greater the damage. Many public policies are just reflections of a consensus – drive on the right… don’t throw trash out the window – and do little damage. Otherwise, they are threats to life and property. They impose the fads of the ruling class upon everyone else and divert time and resources from what ‘the people’ actually want.

Does that make sense? We hope so; if not, we’d have to revise our entire weltanschauung. And now… you are faced with a choice. You can believe the ‘inflation has peaked’ narrative… for example. If it is true, the Fed can now ease off of its ‘tightening’… and soon return to doing what it does best – inflating."

- bonnerprivateresearch@substack.com

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"What if They're Wrong?" This is how they really think. 

- Jacques Attali, "Verbatem"

Sound familiar? Look around...