For a variety of reasons, rich countries are more easily able to cut per capita carbon emissions. These include both better access to cleaner energy sources and the fact it is more politically feasible to cut emissions in a rich country than in a poor country. In poor and middle-income countries, voters and residents tend to live closer to subsistence levels and the cost of cutting emissions could be the difference between a steady food supply and malnutrition. It could mean a real cut to the availability of reliable medical services.

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On Monday, celebrity climate activist Greta Thunberg delivered a speech to the UN Climate Action summit in New York. Thunberg demanded drastic cuts in carbon emissions of more than 50 percent over the next ten years.

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Politics is divisive, hateful, and counterproductive. The Fed is clueless and out of control. Our universities teach hatred of liberty and civilization. And the media inflames it all.