The Hill reports:
hristine Lagarde, managing director of the International Monetary Fund, on Tuesday echoed Secretary of State John Kerry’s warning about the need for a concerted global effort to combat climate change.
Lagarde discussed climate change woes with World Bank Group President Jim Yong Kim during the joint event. Both agreed climate change must be high on the priority list for all nations, emphasizing the need for developing countries to invest in sustainable resources.
“Economic instability results from the environmental damages effected by climate change,” Lagarde said at an “Economic Case for Climate Change Action” event at World Bank headquarters in Washington.
Gee, does economic instability happen when spring gives way to summer, summer to fall, fall to winter, then winter back to spring? This is real climate change. It is interesting how all these good sounding organizations have all ended up being fronts for socialists. Not too surprising once you have read, Disinformation: Former Spy Chief Reveals Secret Strategies for Undermining Freedom, Attacking Religion, and Promoting Terrorism”, by former head of the Romanian intelligence service, Lt. Gen. Ion Mihai Pacepa.
Economic instability comes from a number of sources. Economic hardship stems primarily from bad governance. Economic liberty is both a practical good and a moral imperative because it has done more to relieve suffering than all the charity ever gifted to anyone.
The IMF was once about the idea of development and freedom. I hope we can see that again. If not, shutter the agency. It does far more to sustain poverty, and even create new poverty, than to relieve poverty.