Scott Lincicome is always an insightful and entertaining guest. Scott is the author of the "Capitolism" newsletter for TheDispatch.com, the director of general economic studies at the Cato Institute, and a visiting lecturer at Duke University Law School.
Our topic for today is the danger of the "Precautionary Principle" which is commonly invoked these days in discussions about climate change by people saying "we must do something now because of what might happen in the future." But those folks ALWAYS ignore the certain costs of their "solutions" while also not considering that their guesses as to the distant future come with very very large potential errors.
Germany, Sri Lanka, and the Perils of Precaution (thedispatch.com)