global warming

Climategate 2

The climategate letters, programs, and datafiles show a systematic and repetitious pattern of hiding and falsifying inconvenient data, cherry picking, self deception, and replacing peer review with theological review of the holy synod.  It is worth examining particular incidents from this sorry story in detail. When considering one particular such incident, you should keep in …

economics

climategate 1

“Hide the decline” In this scandal, we see antiscientific attitudes of the IPCC, the big government branch of the big science conspiracy Hadley CRU, a coalition of big government and big science to take control of your life, with the intent of preventing you from making a living in an “unsustainable” way. And if the …

war

Against Libertarian Imperialism

Faré on Distributed Republic criticizes the Rothbardians for supporting the enemies of their country. Many libertarians, after Rothbard, start from the correct assumption that one’s government is one’s first and most direct enemy, to the conclusion that one should always side with the enemies of one’s current oppressor. Rothbardians are wrong in supporting our enemies …

economics

The cause of the crisis 4-3

In the cause of the crisis, I addressed fraudulent ratings. Bill draws my attention to a report on securitized loans issued by the New York Fed in which they examine the somewhat surprising ratings given to New Century Financial: You might consider blogging this absolutely hilarious paper from a couple of people at the New …

economics

Finally, pirates resisted

Somali pirates attacked the Maersk Alabama on Wednesday for the second time in seven months and were “thwarted by private guards”. It appears that “thwarted” actually means “killed”, which is the only effectual way to “thwart” pirates. This will have the effect that pirates will cease to attack ships flying the American flag, which a …

economics

US inflation rising

The latest official cpi is 0.3% rise for the month of October, which, annualized, is 3.6% – higher than is desirable, high enough to cause moderate damage to investment and employment,but not high enough to be a serious problem. Actual inflation, in my doubtless biased judgment,  is probably around seven percent, high enough to be …