Year: 2008

Ignorance About Climate

The philosopher Goethe said “There is nothing more frightening than ignorance in action.” And ignorance is what is being demonstrated by all the political leaders as each rolls out his or her plan to counter a supposed “climate crisis” due to “global warming”. None of them knows what he or she is talking about.

An Open Letter to my Friends on the Left

To call the housing and credit crisis a failure of the free market or the product of unregulated greed is to overlook the myriad government regulations, policies, and political pronouncements that have both reduced the “freedom” of this market and channeled self-interest in ways that have produced disastrous consequences, both intended and unintended.

Featured News

Fed’s Innovative – Or Hazardous – Strategy

>The Federal Reserve had to do some fancy footwork Friday to rush its margin support to Bear Stearns, judging by a sketch of the operation provided by a senior Fed staffer. David Henderson, a research fellow with Stanford’s Hoover Institution, said the Fed should let Bear Stearns fail because all the investments involved are complex financial paper being swapped back and forth among high-rollers who are capable of working out deals themselves.

Temperature Monitors Report Wide-Scale Global Cooling

Over the past year, anecdotal evidence for a cooling planet has exploded. China has its coldest winter in 100 years. Baghdad sees its first snow in all recorded history. North America has the most snowcover in 50 years, with places like Wisconsin the highest since record-keeping began. Record levels of Antarctic sea ice, record cold in Minnesota, Texas, Florida, Mexico, Australia, Greece,Iran, South Africa, Greenland, Argentina, Chile — the list goes on and on.