PRIMO NUTMEG #174: David D. Frìedman
26 May 2019 Leave a comment
in economics of bureaucracy, Milton Friedman, Public Choice
The Allied Clusterf**k in France – WW2 – 039 – May 25 1940
26 May 2019 Leave a comment
in defence economics, war and peace Tags: World War II
That heroic Ed Murrow: The myth endures
26 May 2019 Leave a comment
Few media-driven myths are as tenacious as the notion that Edward R. Murrow abruptly ended the communists-in-government witch-hunt of Senator Joseph R. McCarthy.
The myth dates to March 9, 1954, when Murrow’s 30-minuteSee It Now program on CBS television examined the campaign of innuendo, exaggeration, and half-truth that McCarthy had been waging for more than four years.
And the myth was invoked today at Minnesota Public Radio’s online site, in a commentary that declared:
“In the spring of 1954, McCarthy’s crusade of insinuation, innuendo and guilt by association was brought to an end by journalist Edward R. Murrow and Joseph Welsh, attorney for the U.S. Army.”
(The commentary mentioned Welsh because he dramatically confronted McCarthy at a congressional hearing in June 1954, pointedly asking the senator: “Have you no sense of decency, sir? At long last, have you left no sense of decency?”)
As for Murrow, though, his
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The great escape from inequality | Angus Deaton
25 May 2019 Leave a comment
in development economics, economic history, growth disasters, growth miracles Tags: The Great Escape
Fair prediction
25 May 2019 Leave a comment
in economics of love and marriage, economics of media and culture, health economics Tags: marriage and divorce
Steven E. Landsburg: Why I Am Not An Environmentalist – Science of Economics Versus the Religion of Ecology
25 May 2019 Leave a comment
At the age of four, my daughter earned her second diploma. When she was two, she graduated with the highest possible honors from theToddler Room at her nursery school in Colorado. Two years later she graduated from the preschool of the Jewish Community Center, where she matriculated on our return to New York State.
At the graduation ceremony, titled Friends of the Earth, I was lectured by four- and five-year-olds on the importance of safe energy sources, mass transportation, and recycling. The recurring mantra was “With privilege comes responsibility” as in “With the privilege of living on this planet comes the responsibility to care for it.” Of course, Thomas Jefferson thought that life on this planet was more an inalienable right than a privilege, but then he had never been to preschool.
I’d heard some of this from my daughter before and had gotten used to the idea that she…
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Hayek and Robert Bork Part II on intellectuals, the impossibility of sociology and generality
25 May 2019 Leave a comment
in Austrian economics, economic history, economics of education, economics of information, economics of regulation, F.A. Hayek, history of economic thought, law and economics, occupational choice, politics - USA, property rights, Public Choice, Rawls and Nozick Tags: The fatal conceit, The pretence to knowledge
Models Wrong About the Past Produce Unbelievable Futures
25 May 2019 Leave a comment
Models vs. Observations. Christy and McKitrick (2018) Figure 3
The title of this post is the theme driven home by Patrick J. Michaels in his critique of the most recent US National Climate Assessment (NA4). The failure of General Circulation Models (GCMs) is the focal point of his presentation February 14, 2018. Comments on the Fourth National Climate Assessment. Excerpts in italics with my bolds.
NA4 uses a flawed ensemble of models that dramatically overforecast warming of the lower troposphere, with even larger errors in the upper tropical troposphere. The model ensemble also could not accommodate the “pause” or “slowdown” in warming between the two large El Niños of 1997-8 and 2015-6. The distribution of warming rates within the CMIP5 ensemble is not a true indication of a statistical range of prospective warming, as it is a collection of systematic errors. Despite a glib statement about this Assessment fulfilling…
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