Brian Lilley:
Tuesday, August 30, 2011
Monday, August 29, 2011
The Hurricane Irene stimulus?
Will they never learn that the destruction of property makes everyone poorer? It seems that even some "economists" including University of Maryland professor Peter Morici haven't:
And here's Milton Friedman:
... after the damage is tallied up, repair efforts could give the country an economic boon.
After infrastructure is destroyed in natural disasters, Morici told MSNBC, "we generally rebuild better than before." Morici said that spending on new roads, bridges, and other infrastructure could total as much as $20 billion. "We'll not only rebuild, but we'll get a multiplier effect, and we'll get more capital," the Maryland professor said.Maybe Morici would think differently if a tornado leveled his home and someone told him that fairy tale:
And here's Milton Friedman:
Sunday, August 28, 2011
Settling science
Results for CERN's CLOUD experiment have just been published. Lawrence Solomon reports and reviews the backstory:
See also [via FOS]:
GWPF Science News; physicsworld.com; Naturenews; Paper abstract; RealClimate blog post.
... The new findings point to cosmic rays and the sun — not human activities — as the dominant controller of climate on Earth.Lots more at WUWT.
The research, published with little fanfare this week in the prestigious journal Nature, comes from über-prestigious CERN, the European Organization for Nuclear Research...
... The hypothesis that cosmic rays and the sun hold the key to the global warming debate has been Enemy No. 1 to the global warming establishment ever since it was first proposed by two scientists from the Danish Space Research Institute, at a 1996 scientific conference in the U.K. Within one day, the chairman of the Intergovernmental Panel on Climate Change, Bert Bolin, denounced the theory, saying, “I find the move from this pair scientifically extremely naive and irresponsible.” He then set about discrediting the theory, any journalist that gave the theory credence, and most of all the Danes presenting the theory — they soon found themselves vilified, marginalized and starved of funding, despite their impeccable scientific credentials. [ie. the all too predictable "official" denial and efforts to suppress contrary evidence].
See also [via FOS]:
GWPF Science News; physicsworld.com; Naturenews; Paper abstract; RealClimate blog post.
Saturday, August 27, 2011
The NDP and its socialist delusions
Robert Fulford:
Jack Layton led the NDP more successfully than anyone else but what he led was as much a fantasy as a political party. ...
...the central function of the NDP is to help members and supporters pretend that they are not living in a society built on capitalism. Democratic socialism is a fairy tale that they tell themselves as consolation for having to exist in a distressingly grubby, money-driven world. ...
... In their dreams they can inhabit the country they believe they deserve, a place run by nice people, as nice as themselves, from which unfairness is banished. New Democrats all believe in social justice. (Do they assume Liberals and Tories believe in social injustice? Probably.) Above all, they can depend on the NDP to keep alive the most influential delusion of the 19th century, the belief that societies can be planned by idealists without the messy chaos of buying and selling....
Saint Jack?
Then again maybe not. A darker side of Jack:
"... At that time, smiling Jack forgot to smile...."[Via]
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