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1990 IPCC Report Showed No Global Warming For The Past 700 Years
10 Sep 2014 Leave a comment
in economics
In 1990, climate scientists knew that global warming was nonsense and no use for fund raising, so they hired a few people with zero integrity to build a hockey stick.
Are greenhouse gas emissions a reason to keep Africa starving?
10 Sep 2014 Leave a comment
in economics
Is Progress Bad?
10 Sep 2014 Leave a comment
in economics
I saw this article on the Atlantic by Jeremy Caradonna, a professor of history at the U. of Alberta. It’s about whether “progress” is good for humanity. The article takes particular aim at “progress” as a concept associated with sustained economic growth since the Industrial Revolution.
The first point to make is that Caradonna mischaracterizes the conclusions that economic historians and growth economists make about the moral character of growth after the Industrial Revolution. None of them, at least the ones I’ve read, and I’ve read a lot of them, have ever suggested that humanity is morally superior for having achieved sustained growth. Here’s the quote he pulls from Joel Mokyr’s The Enlightened Economy
Material life in Britain and in the industrialized world that followed it is far better today than could have been imagined by the most wild-eyed optimistic 18th-century philosophe—and whereas this outcome may have been an…
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Corporate Welfare: Can Republicans Kick the Habit?
10 Sep 2014 Leave a comment
in economics
I periodically try to explain that there’s a big difference between being pro-market and pro-business.
Simply stated, policy makers shouldn’t try to penalize businesses with taxes, mandates, and regulations.
But neither should politicians seek to subsidize businesses. 
That’s why I’m against bailouts, subsidies, and other distortions that provide special favors for politically connected companies.
I have nothing against companies earning money, to be sure, but I want them to earn their profits in the marketplace rather than lining their pockets by using the coercive power of government to rig the rules of the game.
But I don’t just have disdain for companies that stick their snouts in the public trough. I also have little regard for the politicians that enable this sordid type of business by trading campaign cash for corporate welfare.
I realize that’s a strong assertion, but I can’t think of any…
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Safety warning gone mad
10 Sep 2014 Leave a comment
in health and safety Tags: nanny state
HT: Tortylicious via Cato Institute
Rich, educated and stupid parents are driving the vaccination crisis – LA Times
09 Sep 2014 Leave a comment
John Cochrane’s Response to Paul Krugman: Full Text
09 Sep 2014 1 Comment
in economics
Via Casey Mulligan, Cochrane responds to Krugman’s NYT Magazine piece. What follows below is the full text of Cochrane’s response. Mulligan linked to it as a Word Document. I felt it would have more presence of the blogosphere as html. I am assuming that Cochrane would want his ideas spread to a wider audience.
How did Paul Krugman get it so Wrong?
John H. Cochrane[1]
Many friends and colleagues have asked me what I think of Paul Krugman’s New York Times Magazine article, “How did Economists get it so wrong?”
Most of all, it’s sad. Imagine this weren’t economics for a moment. Imagine this were a respected scientist turned popular writer, who says, most basically, that everything everyone has done in his field since the mid 1960s is a complete waste of time. Everything that fills its academic journals, is taught in its PhD programs, presented…
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Why Education Policies Matter for Equality
09 Sep 2014 1 Comment
in economics
Much of the debate on inequality focuses on its deleterious social and political effects and its impact on growth. But an equally important issue is what policies play a clear role in reducing income inequality.
The results of our new study suggest that improvements in education—even more than factors such as government expenditure or financial sector development—have contributed in an important way to reducing income inequality within countries.
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Utopia, you are standing in it! 
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