Seduced by Numbers

A Review of the book , “Escape from Model Land” in The WSJ explains the limits of models in determining policy.  My Life as a Quant was written decades ago about an academic with a Phd in math and physics hired by a hedge fund to construct risk models.  He...

Policies and Outcomes

While it is dubbed the Inflation Reduction Act of 2022 it is spoken of as a climate bill.  I am skeptical that it accomplishes either. Inflation is a mismatch between supply and demand.  To fight inflation you can decrease demand or increase supply. Raising taxes on...

The Cost of Virtue Signaling

from Holman Jenkins at The Wall Street Journal, Press Is the Enemy of Climate Unfortunately the U.S. media have become a positive hindrance to public understanding. Consider that systemization of banality known as Axios. Last week it told its presumably politically...

The 34% Consensus

Matt Ridley brings some objectivity to an issue where it is sorely lacking- Climate Change It is a long post and is a compilation of a few of his articles: excerpts: The climate change debate has been polarized into a simple dichotomy. Either global warming is “real,...

The Publication Bias

From The Truth Wears Off by Jonah Lehrer in The New Yorker: An excellent article on the publication bias- keep in mind that in order to be peer reviewed it has to be published- although up to a third of articles claimed to be peer reviewed in one of the IPCC report...