Are economic models to be trusted in projecting climate legislation impacts?

David B

New member
All the deniers and skeptics claim that CO2 legislation will destroy the economy.

Who ever actually did the study, whose results filtered down through the appropriate denier channels resulting in a "polly want a cracker" parroting of the tag line, probably used an economic model to project these impacts.

Should we trust these projections since they were probably based on a model and as we all know models are never right? (sarcasm)

Since the alarmist theory of economic collapse is built on modeling alone and no empirical evidence should we just dismiss it? I mean, most economic models are stochastic and attempt to model non-linear, chaotic systems.

Or am I giving too much credit to the alarmist hysteria of economic collapse in assuming there is actual justification for the belief?
 
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