Former Treasury Chief Sees Accounting in the Price of Emission: Dumb Question

How’s climate change a risk to me? This simple question has gone unanswered for too long.

Robert Rubin knows a thing or two about economic risk. As Treasury Secretary to President Clinton, Rubin advocated for balanced budgets through a combination of tax increases and spending cuts -- Rubinomics for short. While at Treasury he helped formulate the administration's responses to financial crises in Mexico, Russia and East Asia. The administration's personnel and policies have drawn increased scrutiny in recent years as Wall Street tries to make sense of the 2008 crisis.