{"id":252046,"date":"2023-04-10T10:09:14","date_gmt":"2023-04-10T08:09:14","guid":{"rendered":"https:\/\/climatescience.press\/?p=252046"},"modified":"2023-04-10T10:09:16","modified_gmt":"2023-04-10T08:09:16","slug":"bidens-gift-to-the-climate-movement-a-deep-economic-recession","status":"publish","type":"post","link":"https:\/\/climatescience.press\/?p=252046","title":{"rendered":"Biden\u2019s Gift to the Climate Movement \u2013 A Deep Economic Recession?"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" width=\"723\" height=\"542\" data-attachment-id=\"252051\" data-permalink=\"https:\/\/climatescience.press\/?attachment_id=252051\" data-orig-file=\"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/04\/060bf8966e08a3.image_.jpg?fit=1200%2C900&amp;ssl=1\" data-orig-size=\"1200,900\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"060bf8966e08a3.image_\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/04\/060bf8966e08a3.image_.jpg?fit=723%2C542&amp;ssl=1\" src=\"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/04\/060bf8966e08a3.image_.jpg?resize=723%2C542&#038;ssl=1\" alt=\"\" class=\"wp-image-252051\" srcset=\"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/04\/060bf8966e08a3.image_.jpg?resize=1024%2C768&amp;ssl=1 1024w, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/04\/060bf8966e08a3.image_.jpg?resize=300%2C225&amp;ssl=1 300w, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/04\/060bf8966e08a3.image_.jpg?resize=768%2C576&amp;ssl=1 768w, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/04\/060bf8966e08a3.image_.jpg?resize=800%2C600&amp;ssl=1 800w, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/04\/060bf8966e08a3.image_.jpg?resize=400%2C300&amp;ssl=1 400w, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/04\/060bf8966e08a3.image_.jpg?resize=200%2C150&amp;ssl=1 200w, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/04\/060bf8966e08a3.image_.jpg?w=1200&amp;ssl=1 1200w\" sizes=\"auto, (max-width: 723px) 100vw, 723px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"http:\/\/Watts Up With That?\">Watts Up With That?<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Essay by Eric Worrall<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" width=\"723\" height=\"450\" data-attachment-id=\"252048\" data-permalink=\"https:\/\/climatescience.press\/?attachment_id=252048\" data-orig-file=\"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/04\/0Biden-private-jet-2.webp?fit=877%2C546&amp;ssl=1\" data-orig-size=\"877,546\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"0Biden-private-jet-2\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/04\/0Biden-private-jet-2.webp?fit=723%2C450&amp;ssl=1\" src=\"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/04\/0Biden-private-jet-2.webp?resize=723%2C450&#038;ssl=1\" alt=\"\" class=\"wp-image-252048\" srcset=\"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/04\/0Biden-private-jet-2.webp?w=877&amp;ssl=1 877w, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/04\/0Biden-private-jet-2.webp?resize=300%2C187&amp;ssl=1 300w, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/04\/0Biden-private-jet-2.webp?resize=768%2C478&amp;ssl=1 768w\" sizes=\"auto, (max-width: 723px) 100vw, 723px\" \/><\/figure>\n\n\n\n<p class=\"has-text-align-center wp-block-paragraph\">President Biden, image modified.\u00a0<a href=\"https:\/\/commons.wikimedia.org\/wiki\/File:Joe_Biden_January_2019.jpg\">AFGE<\/a>,\u00a0<a href=\"https:\/\/creativecommons.org\/licenses\/by\/2.0\">CC BY 2.0<\/a>, via Wikimedia Commons<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">h\/t&nbsp;<a rel=\"noreferrer noopener\" href=\"https:\/\/wattsupwiththat.com\/2023\/04\/08\/boston-university-forgive-third-world-debt-to-advance-climate-goals\/#comment-3705851\" target=\"_blank\">ResourceGuy<\/a>&nbsp;\u2013 As key economic indicators redline, greens who believe&nbsp;<a rel=\"noreferrer noopener\" href=\"https:\/\/wattsupwiththat.com\/2023\/03\/05\/degrowth-communism-green-communism-whose-explicit-goal-is-destroying-the-economy\/\" target=\"_blank\">the key to addressing climate change is economic \u201cdegrowth\u201d<\/a>&nbsp;might be about to get their wish.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p class=\"wp-block-paragraph\"><strong>US Bank Lending Slumps by Most on Record in Final Weeks of March<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Alex Tanzi<br>Sat, April 8, 2023 at 8:06 AM GMT+10\u00b7<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">(Bloomberg) \u2014 US bank lending contracted by the most on record in the last two weeks of March, indicating a tightening of credit conditions in the wake of several high-profile bank collapses that risks damaging the economy.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Most Read from Bloomberg<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-04-08\/a-1-5-trillion-wall-of-debt-is-looming-for-us-commercial-properties?utm_campaign=bn&amp;utm_medium=distro&amp;utm_source=yahooUS\" rel=\"noreferrer noopener\" target=\"_blank\">A $1.5 Trillion Wall of Debt is Looming for US Commercial Properties<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-04-07\/walmart-sues-capital-one-to-end-its-credit-card-partnership?utm_campaign=bn&amp;utm_medium=distro&amp;utm_source=yahooUS\" rel=\"noreferrer noopener\" target=\"_blank\">Walmart Sues Capital One to End Its Credit-Card Partnership<\/a><\/li>\n\n\n\n<li><a rel=\"noreferrer noopener\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-04-08\/flows-and-fundamentals-make-man-group-suspicious-of-stock-rally?utm_campaign=bn&amp;utm_medium=distro&amp;utm_source=yahooUS\" target=\"_blank\">Flows and Fundamentals Make Man Group Suspicious of Stock Rally<\/a><\/li>\n\n\n\n<li>\u2026<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">Commercial bank lending dropped nearly $105 billion in the two weeks ended March 29, the most in Federal Reserve data back to 1973. The more than $45 billion decrease in the latest week was primarily due to a a drop in loans by small banks.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The pullback in total lending in the last half of March was broad and included fewer real estate loans, as well as commercial and industrial loans.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Friday\u2019s report also showed commercial bank deposits dropped $64.7 billion in the latest week, marking the 10th-straight decrease that mainly reflected a decline at large firms.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The slide in lending follows the collapse of several firms including Silicon Valley Bank and Signature Bank.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u2026<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The banking crisis has made a recession more likely, according to JPMorgan Chase &amp; Co.\u2019s Jamie Dimon. The bank\u2019s chief executive officer said in an annual letter that the failures have \u201cprovoked lots of jitters in the market and will clearly cause some tightening of financial conditions as banks and other lenders become more conservative.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u2026Read more:&nbsp;<a href=\"https:\/\/finance.yahoo.com\/news\/us-bank-lending-slumps-most-210839551.html\">https:\/\/finance.yahoo.com\/news\/us-bank-lending-slumps-most-210839551.html<\/a><\/p>\n<\/blockquote>\n\n\n\n<p class=\"wp-block-paragraph\">Why am I talking up the risk of an imminent recession?<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">My concern is so much of what Biden has done to date has made things worse. As inflation rose, Biden passed the misnamed \u201c<a rel=\"noreferrer noopener\" href=\"https:\/\/en.wikipedia.org\/wiki\/Inflation_Reduction_Act_of_2022\" target=\"_blank\">Inflation Reduction Act<\/a>\u201c, pouring fuel on the inflation fire. The Biden administration remains committed to wrecking the USA\u2019s extractive industries, with&nbsp;<a rel=\"noreferrer noopener\" href=\"https:\/\/wattsupwiththat.com\/2023\/04\/05\/biden-epa-chief-wants-funding-to-hire-hundreds-of-environmental-justice-bureaucrats\/\" target=\"_blank\">nuisance bureaucratic attacks<\/a>,&nbsp;<a rel=\"noreferrer noopener\" href=\"https:\/\/wattsupwiththat.com\/2023\/01\/07\/biden-the-job-slayer-keystone-pipeline-would-have-created-10s-of-thousands-of-jobs\/\" target=\"_blank\">permit cancellations<\/a>,&nbsp;<a rel=\"noreferrer noopener\" href=\"https:\/\/wattsupwiththat.com\/2022\/08\/20\/biden-inflation-act-provides-the-epa-new-weapons-to-pursue-their-climate-change-jihad\/\" target=\"_blank\">excessive regulation<\/a>, and lease auction suspensions, deferrals or cancellations. And their blanket guarantee of bank deposits, while reducing the risk of further bank runs in the short term, has increased moral hazard and the risk of large scale resource misallocation, by leaving badly managed banks which should be allowed to fail in the hands of incompetents and criminals.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">At every economic inflexion point I can think of, the approach of the Biden administration has been short term and reactive rather than strategic. For example, their decision to&nbsp;<a rel=\"noreferrer noopener\" href=\"https:\/\/oversight.house.gov\/release\/fallon-depleting-the-spr-and-biden-admins-attack-on-american-energy-poses-national-security-risks\/\" target=\"_blank\">drain just under half the strategic oil reserve<\/a>, without doing anything substantial to improve US oil production and energy security, lowered pump prices a little in the short term, but did nothing to address the underlying problems.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">It is not too late. If the US government pulled back on excessive spending, stopped sucking bond markets dry with their debt funded climate extravagances, and did everything in their power to ease restrictions on drilling, to lower the cost of energy and defuse the ticking inflation bomb, confidence could be restored. The US economy might be able to grow its way out of the inflation trap, without raising interest rates and taxes to economy killing levels.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Over to you, President Biden.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The US economy might be able to grow its way out of the inflation trap, without raising interest rates and taxes to economy killing levels.<\/p>\n","protected":false},"author":121246920,"featured_media":252051,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_coblocks_attr":"","_coblocks_dimensions":"","_coblocks_responsive_height":"","_coblocks_accordion_ie_support":"","_crdt_document":"","advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[1],"tags":[691818203,691818056,691818204,691818205],"class_list":{"0":"post-252046","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","6":"hentry","7":"category-uncategorized","8":"tag-banking-crisis","9":"tag-climate-change","10":"tag-economic-recession","11":"tag-joe-biden","13":"fallback-thumbnail"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/04\/060bf8966e08a3.image_.jpg?fit=1200%2C900&ssl=1","jetpack_likes_enabled":true,"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/paxLW1-13zg","jetpack-related-posts":[{"id":253485,"url":"https:\/\/climatescience.press\/?p=253485","url_meta":{"origin":252046,"position":0},"title":"Biden\u2019s green spending blitz could plunge world into \u2018dark ages\u2019, warns Hunt","author":"uwe.roland.gross","date":"18\/04\/2023","format":false,"excerpt":"Subsidising net zero type so-called climate policies in the US is not only enormously expensive but globally disruptive as well, it seems. Climate protection becoming climate protectionism?","rel":"","context":"In \"Britain\u2019s economy\"","block_context":{"text":"Britain\u2019s economy","link":"https:\/\/climatescience.press\/?tag=britains-economy"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/04\/0money-down-the-drain74.jpeg?fit=1200%2C797&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/04\/0money-down-the-drain74.jpeg?fit=1200%2C797&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/04\/0money-down-the-drain74.jpeg?fit=1200%2C797&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/04\/0money-down-the-drain74.jpeg?fit=1200%2C797&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/04\/0money-down-the-drain74.jpeg?fit=1200%2C797&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":208676,"url":"https:\/\/climatescience.press\/?p=208676","url_meta":{"origin":252046,"position":1},"title":"Manchin Pulls Plug on Climate Spending Plan","author":"uwe.roland.gross","date":"15\/07\/2022","format":false,"excerpt":"By Paul Homewood This is very significant news from the US: WASHINGTON \u2014 Senator Joe Manchin III, Democrat of West Virginia, pulled the plug on Thursday on negotiations to salvage key pieces of President Biden\u2019s agenda, informing his party\u2019s leaders that he would not support funding for climate or energy\u2026","rel":"","context":"Similar post","block_context":{"text":"Similar post","link":""},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2022\/07\/00image-44.png?fit=892%2C768&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2022\/07\/00image-44.png?fit=892%2C768&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2022\/07\/00image-44.png?fit=892%2C768&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2022\/07\/00image-44.png?fit=892%2C768&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":284186,"url":"https:\/\/climatescience.press\/?p=284186","url_meta":{"origin":252046,"position":2},"title":"Milloy: Biden\u2019s Kamikaze Climate Plan for the US Economy","author":"uwe.roland.gross","date":"20\/10\/2023","format":false,"excerpt":"First, China finally dropped its \u201cnet zero\u201d pose. The world\u2019s largest emitter had promised to reach net zero by 2060. China\u2019s primary goal is to become the lone global superpower by 2049. From Watts Up With That? Steve Milloy,\u00a0in his article for The Hill, presents a critical analysis of President\u2026","rel":"","context":"In \"China\"","block_context":{"text":"China","link":"https:\/\/climatescience.press\/?tag=china"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/10\/biden-burning-cash.jpg?fit=1200%2C630&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/10\/biden-burning-cash.jpg?fit=1200%2C630&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/10\/biden-burning-cash.jpg?fit=1200%2C630&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/10\/biden-burning-cash.jpg?fit=1200%2C630&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/10\/biden-burning-cash.jpg?fit=1200%2C630&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":204525,"url":"https:\/\/climatescience.press\/?p=204525","url_meta":{"origin":252046,"position":3},"title":"Biden Says His Economy Works for Everybody","author":"uwe.roland.gross","date":"15\/06\/2022","format":false,"excerpt":"\u201cWe\u2019re not going back to the false promises of trickle-down economics. We\u2019re going forward to an economy that works for everyone.\u201d https:\/\/twitter.com\/POTUS\/status\/1536820029077049346?s=20&t=k210S3z5Nce5TkxO8jl9pQ \u201cJoe Biden, you are crushing the American people\u201d\u201cWhy Team Biden might be purposefully grinding down the middle class\u201d\u201cJoe Biden\u2019s \u2018Green Energy\u2019 Dreams: Enriching Friends, Crushing the Working Class\u201d\u2026","rel":"","context":"Similar post","block_context":{"text":"Similar post","link":""},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2022\/06\/0Image-2022-06-15-12-54-49.png?fit=600%2C300&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2022\/06\/0Image-2022-06-15-12-54-49.png?fit=600%2C300&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2022\/06\/0Image-2022-06-15-12-54-49.png?fit=600%2C300&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":207116,"url":"https:\/\/climatescience.press\/?p=207116","url_meta":{"origin":252046,"position":4},"title":"Happy 4th of July: America in turmoil from climate change policies","author":"uwe.roland.gross","date":"04\/07\/2022","format":false,"excerpt":"This Independence Day weekend, the 246th, America is in turmoil, both domestically and overseas due in large measure to federal climate change policies. America\u2019s multiple crises are mostly self-inflicted by our ruling political class, and it\u2019s likely to continue well before any improvement. Consumer\u00a0inflation\u00a0is the worst it\u2019s been in 40\u2026","rel":"","context":"Similar post","block_context":{"text":"Similar post","link":""},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2022\/07\/0Revolutionary-War-man-and-woman.jpg?fit=848%2C565&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2022\/07\/0Revolutionary-War-man-and-woman.jpg?fit=848%2C565&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2022\/07\/0Revolutionary-War-man-and-woman.jpg?fit=848%2C565&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2022\/07\/0Revolutionary-War-man-and-woman.jpg?fit=848%2C565&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":206564,"url":"https:\/\/climatescience.press\/?p=206564","url_meta":{"origin":252046,"position":5},"title":"Biden\u2019s inflationary climate policies","author":"uwe.roland.gross","date":"30\/06\/2022","format":false,"excerpt":"Inflation Meter Those who don\u2019t know history are doomed to repeat it. This well-known adage is often attributed to Winston Churchill from a speech in 1948 to the British Parliament, in between his two stints as Prime Minister. But Churchill paraphrased the saying originally from an 18th\u00a0century MP, Sir Edmund\u2026","rel":"","context":"Similar post","block_context":{"text":"Similar post","link":""},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2022\/06\/0Inflation.jpg?fit=848%2C565&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2022\/06\/0Inflation.jpg?fit=848%2C565&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2022\/06\/0Inflation.jpg?fit=848%2C565&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2022\/06\/0Inflation.jpg?fit=848%2C565&ssl=1&resize=700%2C400 2x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/posts\/252046","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/users\/121246920"}],"replies":[{"embeddable":true,"href":"https:\/\/climatescience.press\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=252046"}],"version-history":[{"count":5,"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/posts\/252046\/revisions"}],"predecessor-version":[{"id":252053,"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/posts\/252046\/revisions\/252053"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/media\/252051"}],"wp:attachment":[{"href":"https:\/\/climatescience.press\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=252046"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/climatescience.press\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=252046"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/climatescience.press\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=252046"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}