Freeman

IN BRIEF

Soros Proposes Global CO2 Fund

DECEMBER 11, 2009

“Mr. Soros suggested that rich nations finance climate subsidies for developing nations by tapping into some of the $283 billion in special drawing rights that the IMF issued to respond to the global financial crisis earlier this year. More than $150 billion of those rights went to the 15 biggest developed economies, he said. Special drawing rights, or SDRs, are a form of composite currency issued by the IMF to its members.” (Wall Street Journal, Friday)

Just call it the Global CO2 Slush Fund.

FEE Timely Classic:
The International Monetary Fund” by Kevin S. Ewert

comments powered by Disqus

EMAIL UPDATES

* indicates required

CURRENT ISSUE

October 2014

Heavily-armed police and their supporters will tell you they need all those armored trucks and heavy guns. It's a dangerous job, not least because Americans have so many guns. But the numbers just don't support these claims: Policing is safer than ever--and it's safer than a lot of common jobs by comparison. Daniel Bier has the analysis. Plus, Iain Murray and Wendy McElroy look at how the Feds are recruiting more and more Americans to do their policework for them.
Download Free PDF

PAST ISSUES

SUBSCRIBE

RENEW YOUR SUBSCRIPTION