http://www.ambitgambit.com/2008/02/26/garnaut-super-wedges-nelson/ Ambit Gambit Wed, 08 Feb 2012 14:01:16 +0000 hourly 1 http://wordpress.org/?v=3.3.1 http://www.ambitgambit.com/2008/02/26/garnaut-super-wedges-nelson/comment-page-1/#comment-2196 Kazelacq Sat, 01 Mar 2008 01:55:51 +0000 http://localhost/ambit/?p=2794#comment-2196 Hi webmaster! Hi webmaster!

]]> http://www.ambitgambit.com/2008/02/26/garnaut-super-wedges-nelson/comment-page-1/#comment-2197 Kazelyym Sat, 01 Mar 2008 01:49:07 +0000 http://localhost/ambit/?p=2794#comment-2197 Hi webmaster! Hi webmaster!

]]> http://www.ambitgambit.com/2008/02/26/garnaut-super-wedges-nelson/comment-page-1/#comment-2198 Graham Young Wed, 27 Feb 2008 15:26:38 +0000 http://localhost/ambit/?p=2794#comment-2198 You got suspended for being out of line and off-topic, as well as abusive, but that was the On Line Opinion forum. You can still post here as long as you show a bit of respect to tohers, in which case this post isn't encouraging. You got suspended for being out of line and off-topic, as well as abusive, but that was the On Line Opinion forum. You can still post here as long as you show a bit of respect to tohers, in which case this post isn’t encouraging.

]]> http://www.ambitgambit.com/2008/02/26/garnaut-super-wedges-nelson/comment-page-1/#comment-2199 Leigh Wed, 27 Feb 2008 15:13:32 +0000 http://localhost/ambit/?p=2794#comment-2199 Just seeing if I've been suspended from here also, by Adolf Young. Just seeing if I’ve been suspended from here also, by Adolf Young.

]]> http://www.ambitgambit.com/2008/02/26/garnaut-super-wedges-nelson/comment-page-1/#comment-2200 Graham Young Wed, 27 Feb 2008 09:25:34 +0000 http://localhost/ambit/?p=2794#comment-2200 Well, Nicholas Stern did. In Stern's case it was a ludicrously low discount rate which meant the cost of future action was much more expensive in real terms than it should have been, thus putting up the cost of action. Garnaut's gone the other route - he's put costs up on the cost of inaction. You see this sort of manipulation all the time in professional reports. A standard is the accounting firm who do a study on a major event, like a car race, and tote up all the income and then declare that figure will be the benefit to the state, without taking account of the costs, including the opportunity cost. This sort of professional fudging is so common that it generally has zero effect on reputation. Well, Nicholas Stern did. In Stern’s case it was a ludicrously low discount rate which meant the cost of future action was much more expensive in real terms than it should have been, thus putting up the cost of action.
Garnaut’s gone the other route – he’s put costs up on the cost of inaction.
You see this sort of manipulation all the time in professional reports. A standard is the accounting firm who do a study on a major event, like a car race, and tote up all the income and then declare that figure will be the benefit to the state, without taking account of the costs, including the opportunity cost.
This sort of professional fudging is so common that it generally has zero effect on reputation.

]]> http://www.ambitgambit.com/2008/02/26/garnaut-super-wedges-nelson/comment-page-1/#comment-2201 Jason Wed, 27 Feb 2008 09:04:23 +0000 http://localhost/ambit/?p=2794#comment-2201 I have no doubt that the politics of this will work pretty well in the way you've indicated, Graham, but it's largely because the Liberals still can't make up their minds about this stuff. The question is, would Ross Garnaut really risk his professional reputation by cooking the books on this? Not saying the results of his inquiry shouldn't be scrutinised, but it's hard to believe someone like this would knowingly cut their own throats by fudging, even to help a "maaate". I have no doubt that the politics of this will work pretty well in the way you’ve indicated, Graham, but it’s largely because the Liberals still can’t make up their minds about this stuff.
The question is, would Ross Garnaut really risk his professional reputation by cooking the books on this? Not saying the results of his inquiry shouldn’t be scrutinised, but it’s hard to believe someone like this would knowingly cut their own throats by fudging, even to help a “maaate”.

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