The emergence of "catastrophe bonds" in recent decades suggests an interesting way that Climate Warriors could alleviate the presumed costs of climate change — assuming climate activists are willing to spend any of their own money on the problem.
For many years in London, firefighting was provided privately by insurance companies. Oddly enough, the Americans rejected this model for the far-more-politicized fire department model we know today.
The New Deal invigorated a bureaucratic state which had already done much to limit the entrepreneurial opportunities of Americans of all racial and economic backgrounds.
In the short term, a central bank can drive up stock prices by lowering the interest rate. In the longer term, it could sap the strength out of an economy.
