Green Money

Janet Yellen wants to waste more money:

Treasury Secretary Janet Yellen said on Saturday that the global transition to a low-carbon economy requires $3 trillion in new capital each year through 2050, far above current annual financing, but that filling the gap is the biggest economic opportunity of the 21st century. It is the biggest economic opportunity… just ask Al Gore who went from a failed presidential candidate to a tycoon. Lefty special interests are tearing apart the nation’s economy and profiting massively from political scams like DEI and global warming. None of this is creating actual value. It’s manufacturing a crisis and then making money from solutions to a crisis that does not exist. The crisis, as usual, is the crisis, and the solution is to stop falling for it. Or we can spend infinite amounts of money to make lefty special interests even richer and the government even bigger. “Neglecting to address climate change and the loss of nature and biodiversity is not just bad environmental policy. It is bad economic policy,” Yellen said in a speech after attending a G20 finance leaders meeting on Thursday and Friday in Rio de Janeiro.

So is making environmentalists richer at the expense of regular folks...