In a couple of hundred years historians will be comparing the frenzies over our supposed human contribution to global warming to the tumults at the latter end of the Tenth Century as the Christian millennium approached. Then as now, the doomsters identified human sinfulness as the propulsive factor in the planet's rapid downward slide.

Then, as now, a buoyant market throve on fear. The Roman Catholic Church sold indulgences like checks. The sinners established a line of credit against ...

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