David King has the answer - central planning and more spending
Jun 16, 2012
Bishop Hill in Climate: MWP, Climate: Parliament, Economics

Former Government Chief Scientific Adviser Sir David King is interviewed in the Guardian. Here are some excerpts:

Record gold prices are an indication that investors are fleeing to safety because they do not feel governments are providing the necessary long-term regulatory frameworks or incentives to give them the confidence to invest in emerging new technologies.

The Treasury civil servants are heavily driven by traditional dogma that we do not support winners but let them emerge in the market place. This is one time when we can no longer let this philosophy dominate and that is a tremendous job to be done.

The scientific community felt very battered by the University of East Anglia climate revelations but they continue to beaver away showing predictions for the next 20 years ago are even worse than predicted and we are faced with a human existential crisis.

Given King's former willingness to mislead the public, it's hard to attach much credence to his views. What is a surprise is that any reputable newspaper should give such a man any column space.

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