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If carbon dioxide levels have been rising for years, the polar ice caps are melting, the frequency and intensity of hurricanes is increasing, and the acidity of sea water is rising, then climate change is for real, it's not just a delusion of leftist thinking, and the nations of the world must unite to address the threat.
Fisher Effect
A theory proposed by economist Irving Fisher that describes the relationship between inflation and both real and nominal interest rates.
Nominal Interest Rate
The interest rate as stated without adjustment for inflation, representing the face value of financial transactions.
Real Interest Rate
This rate adjusts the nominal interest rate to remove the effects of inflation, providing a more accurate measure of the true cost of borrowing or the true return on investment.
Redistribution
The transfer of income, wealth, or resources from certain individuals or groups to others by means of a social mechanism such as taxation, charity, welfare, or public services.
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