Projections courtesy of US Federal Reserve

While the Federal Reserve research department has always been known for being conflict-free in its analysis of the economy, one cannot say the same of Al Gore. He’s created what my predecessor would call irrational exuberance around the idea that global warming is bad. He’s now poised to cash in on it by joining famed VC firm Kleiner Perkins (where he’ll donate a small salary but keep a big cut of the profits) and is moving his other investment firm, Generation Investment Management (how many investment firms can one man be associated with?), to a luxury “green” office building.

Vilifying global warming is green to Al because it puts money in his pocket, but it fools economic morons and takes green out of the US economy.

Global warming, like globalization, is good for the economy, and therefore humanity:

• Rising water levels will force people to move, build new houses and spend more.
• The struggling airline industry will be boosted by the increased amount of travel as people flee disaster zones.
• Consumer spending will rise as there’s less concern about long-term savings.
• Inflation will be curbed as excess US dollars are burned in wild fires.

Al Gore has his hand in the monetary cookie jar, and he is essentially taking food out of the mouths of Americans. Please ignore washed up politicians and visit our new Economic
Research & Data Web Site.