Former Federal Reserve Chairman Paul Volcker Calls US "Delinquent" On Climate Change
by John Laumer, Philadelphia on 02. 8.07
As reported in the International Herald Tribute, Paul Volcker, speaking to American Chamber of Commerce in Egypt, said "the argument that taxes on oil or carbon emissions, for example, would ruin an economy was "fundamentally false." "First of all, I don't think (such a step) is going to have that much of an impact on the economy overall. Second of all, if you don't do it, you can be sure that the economy will go down the drain in the next 30 years," " Mr. Volker commented that the US needed to show some leadership on the issue. Note: Paul Volcker was Fed Chair under United States Presidents Jimmy Carter and Ronald Reagan. Image credit: The UN.
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What are we gonna do when all these grand old guys have passed from the scene? Cronkite, Volker, Arlen Specter, they're all standing up and talking out like they're 20-somethings. Maybe it was World War II and the Depression. That generation didn't take any crap.
When boomers stand up for their ideals, they just don't convey any sense that they're RIGHT, that they've had a full spectrum of human experiences.