Judicial Empathy is Not Justice

I am mystified that a court could contemplate ordering Congress to pass laws as a remedy!

Ron Clutz's avatarScience Matters

We are witnessing the spectacle of a high-ranking Federal District Court Judge twisting the law to suit her empathy for climate activists. This is playing out as a lawsuit brought by Our Children’s Trust with kids as willing human shields in the “fight against climate change.” (Background resources at the end) The proceedings have gone on for several years with no end in sight unless a higher court stops it. The next segment is a long (50 courtroom days) hearing on the merits scheduled to begin October 29, 2018.

The latest filings provide a view into how the legal system is being manipulated to support climatist beliefs and biases. The petition filed by the US is  PETITION FOR A WRIT OF MANDAMUS 

Excerpts in italics with my bolds first from the federal defendants and later from the District Judge’s latest order (Respondents refers to the plaintiffs bringing the lawsuit)

From…

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Net neutrality must be bad because the @NZGreens are for it

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An ambitious list of respondents

StrictlyObiter's avatarStrictly obiter

Clements Hmmmmm…

Which can be represented pictorially as…

Brainmeme My brain hurts

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My favorite Stigler quote

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@ProfSteveKeen never predicted GFC

Post-Keynesian macroeconomists believe business cycle theory starts and finishes with recurrent private debt bubbles that lead to inevitable financial crashes because private investors repeatedly borrow more than they can pay back and never learn.

minsky-moment-768x512

Bold, risky science in the finest tradition of Karl Popper. Keen strictly forbids a recession not following a build up of private debt. His theory is too bareboned to have a protective belt of auxiliary hypotheses that save him from refutation.

Post-Keynesians identified a great business opportunity shorting these recurrent debt bubbles but must crowd source further development of the Minsky Software that successfully predicted the GFC.

Top hedge fund managers earn at least $400 million a year so they could easily spare a few million dollars over lunch on the off chance that there is something in Post-Keynesian macroeconomics and the Minsky software.

https://twitter.com/VisualEcon/status/922539958228996097

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