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Outside the oceans tropical forests constitute the biggest carbon reservoir on earth. 289 billion tons carbon are sequestered in all forests on earth, and 0.5 billion tons of carbon are lost every year through net deforestation. It is of crucial importance for the global climate to maintain the present stock of forests for the indefinite… » read more

Last Wednesday I attended the Competitive Enterprise Institute’s 24th annual dinner in Washington at which Czech President Vaclav Klaus was given the Julian Simon award and delivered the keynote address “Is Schumpeter’s Vision of the End of Capitalism Relevant?” Klaus received rousing a standing ovation when CEI’s Fred Smith introduced him and again at the… » read more

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