Monthly Archives: November 2011

Climate Gate 2.0 – What is it, why does it matter?

The hacker or whistle-blower who leaked a tranche of emails several years ago has struck again, releasing 5,500 emails and an encrypted set of 22,000 emails into the Internet. The proponents of Anthropogenic Global Warming are claiming it is old news, with emails being taken out of context and that due to the number of investigations that exonerated the scientists involved, the matter should be ignored.

This is very wrong. The emails are worth studying in full, because they raise very serious questions about the credibility of the IPCC, the journals publishing papers on climatology, the government scientific bodies commissioning research into climate and the news organizations covering them.

Moreover, the emails call into disrepute the assertion, frequently made, that the warming of the climate over the past century is known to be “unprecedented”. While it is possible that it is unprecedented, we do not know this for certain, since the proofs advanced are provably flawed. » Read more

I am an anarcho-capitalist living just west of Boston Massachussetts. I am married, have two children, and am trying to start my own computer consulting company.

Book Review: Slackernomics, by Dale Franks

Those of you that have been around the libertarian blogosphere for any length of time will recognize the name Dale Franks. His main writing gig is over at QandO, where he spends the bulk of his time writing about the economy. In addition, he’s a bit of a gunblogger, and runs a separate blog for motorcycles.

At one point a few years ago I had noticed a link to a book Dale has written called Slackernomics: Basic Economics for People Who Think Economics is Boring. Given that I’m not the type who thinks economics is boring, but had enjoyed his blogging, I wanted to get a chance to read it. At that time, the book was only available in print at a price above $20. It took a spot on my “buy when I get around to it list”, and sat there for quite some time, but I never pulled the trigger. Then, more recently, it became avaiable for the Kindle at only $2.99 — I no longer had an excuse not to buy it. So onto the Kindle it went, and after several long months of sitting there taking up space, I’ve finally gotten around to reading it.

Slackernomics is a primer on basic economic theory that, as the title suggests, is written for people who think economics is boring. It’s written in a convivial tone, and the illustrative examples that Dale uses reminds one more of Freakonomics than of Adam Smith. Don’t let that fool you, though — the book is not a “sideshow” like Freakonomics — it gets to the heart of the matter. I liken it to be similar to Henry Hazlitt’s “Economics in one Lesson”, but written for people who may not be interested in the more formal writing style of Hazlitt. In addition, having been written many decades after Hazlitt’s book, it’s obviously much more up to date.

The book covers everything from price theory, minimum wage & rent control to monetary theory and the business cycle, Keynesianism, taxes / deficit spending, savings & investment, and economic statistics. He continues with a great defense of free trade and a bit of entrance into politics (touching a tad on public choice theory). In all, for being a relatively short book, he hits all the major notes that anyone looking for an introduction to economic thought would need to learn.

But the big question, for readers of this blog, is whether it’s worth it to buy. “Am I going to learn anything new?” And I can honestly say that despite the fact that I read economic books & blogs for leisure, and that I’ve blogged a fair bit about economics myself, I learned some new things from Slackernomics. Dale’s fourth chapter, unwinding the mess of the myriad of economic reports and statistics he’s constantly posting on Twitter, Google+, and at QandO, was wonderful. I’ve looked at many of these reports merely reading analysts *reaction* to the numbers (Higher jobless claims? How unexpected!), but rarely understood which group (public or private) was putting out certain reports nor how they all fit together. For me, a layman who is conversant on a lot of economic theory but not as perhaps on the technical reports, I have never seen an explanation of the reports that come out each week and each month as simple and readable as that chapter. That was more than worth it for my $2.99.

So my recommendation is simple: at $2.99, if you have a Kindle (or a device with a Kindle app), it’s hard to pass it up. You’re almost assured to get your money’s worth from the book. Even further, if you know someone in high school or college that may not have received good schooling in economics (which is, unfortunately, most of them), and who isn’t exactly about to tackle The Wealth of Nations, find a way to get them a copy of Slackernomics. Dale’s writing style will keep them interested.

All in all, it’s a book that lives up to its title, and goes well beyond.

Tweet of the Day: #heblowsalot Edition

“Just made mean comments at gov brownback and told him he sucked, in person #heblowsalot.”

I designated the above tweet by 18 year-old high school senior Emma Sullivan tweet of the day, not due to the content itself (it’s actually quite juvenile), but for her refusal to write an insincere apology letter to Gov. Brownback under pressure from her principal.

Go here for the rest of the story.

Ron Paul CNN National Security Debate Highlights and Observations

For those of us who value our liberties, there were a plethora of things said in last night’s debate from candidates not named Ron Paul to be very distressed about. For starters, there was the debate about the USA PATRIOT Act and whether it should be renewed, strengthened, or abolished. Unsurprisingly, Paul explained how civil liberties have eroded due to the act and lamented how willing the other candidates were to surrender even more liberty in the name of security. Paul held up Timothy McVeigh as an example of a terrorist who was tried in the traditional criminal justice system and ultimately convicted. In response, Newt Gingrich said “Timothy McVeigh succeeded.” (How he would have stopped the OKC bombings is anyone’s guess but I can’t imagine it would have been inside the framework of the Bill of Rights.) Paul’s response was spot on.

Then Rick Santorum advocated the notion of racial, religious, and ethnic profiling. Paul once again brought up Timothy McVeigh as an example of someone who would not have fit Santorum’s profile and pointed out some of the “careless use of words” being used by the other candidates (i.e. “we are at war,” naming individuals “terrorists” without due process etc.) is further compromising our liberty.

Other topics included Iran’s nuclear ambitions, the foregone conclusion that the U.S. should intervene anywhere and everywhere there is a regime our government doesn’t like, the assumption that not a single penny should be cut from the “national defense” budget, and the drug war violence in Mexico (I really wish someone would have brought up Fast and Furious).

Overall, the debate was very unsettling but Ron Paul once again was the voice of reason and responded well to his challengers.

Reducing OWS Economic Equality Demands to Their Absurd Conclusions

While I’m sympathetic and agree with some of Occupy Wall Street’s grievances, too many of their solutions are fatally flawed. Louis DeBroux over at United Liberty has written some grade A quality snark concerning OWS’s demands for economic equality. DeBroux says he had an epiphany while watching some of the ESPN coverage concerning the NBA lockout: what if the NBA adopted the OWS model?

The most obvious reform he mentioned would be to pay all the players equally regardless of talent and contribution to his team. But why stop with pay? Why not change the rules of the game itself in the name of fairness:

This new equality should not be limited to just to salaries though; it should extend to the basketball court. While winning is fun, losing just stinks. It makes the losers feel like, well, losers. Sometimes players even cry when they lose. It hurts their self esteem and makes them feel inferior to the winners. To solve this horrible injustice, I propose that at halftime of each game, the total points scored by that time be redistributed equally among the players of both teams. Then, with one second left on the clock, just before the game ends, the head referee will call time out and the official scorekeeper will once again redistribute the points evenly among the players of both teams.

Think how great this would be! Everyone that plays will be the high scorer. Never again will an NBA player experience the sadness of losing! Every team will be the L.A. Lakers or Boston Celtics, and no team will have to feel like the Washington Wizards or Toronto Raptors. Every team will go 82-0, and every player will be an MVP! It’s perfect! Just like PC-kiddie-soccer leagues, everyone is a winner and everyone gets a trophy. Isn’t this awesome?

Obviously, this would be the death of sports if such changes were implemented. As awful as that would be, DeBroux points out life and death consequences if the notion of competition was taken out of our culture completely:

There might be the occasional sacrifice that hits closer to home when little Sally, who always wanted to be a surgeon but could never quite remember the names and anatomical characteristics of the various human organs, accidentally mistakes the aorta for the appendix and snips that sucker right out of there. Oops! That’s gonna make a mess! Alas, poor mom, we loved you and will miss you, but the loss of your life was the acceptable price for keeping Sally’s self-esteem intact by letting her become the surgeon she always wanted to be, even if she never quite mastered the minutiae of performing surgery.

We would be all worse off to be sure, but hey, at least we would all be equal!

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