The Purposes of Iran
Al Qaeda and ISIS are not the only islamic jihadist organizations to worry about; there is Iran as well. The Washington Times has cited a release from the Iranian Fars … Read More
Month: August 2015
The Ideal Tax Regime – 1
Taxes are nothing but destructive to all parts of society with the exception of government and its employees. Unless you are obscenely rich or abjectly poor, you probably have your … Read More
The Proper Functions of Government
The most fundamental ideological division between progressives and conservatives concerns their beliefs on the proper functions of government. What roles do we think should be given to government and what … Read More
Federal Budget Deficits and Spending Restraints
Budget Stops Growing! Â Â Â Â Â Â Â Â Image Credit:Â International Liberty A tip of the hat to Dan Mitchell, who blogs on the website International Liberty! The motto for … Read More
The Growing Threat of Russia
Vladimir Putin has an itch. An itch for empire. We know the President of Russia considers the breakup of the Soviet Union as the major geopolitical disaster of the 20th century. … Read More
The Morality of Wealth
Almost nothing divides the political Left from the Right more than their mutually exclusive views of wealth. Listen to President Obama, Senator Elizabeth Warren, Hillary Clinton, or Senator Bernie Sanders … Read More
Monetary Rules
Left to their own devices, the Federal Reserve’s Federal Open Market Committee will more often than not adopt a policy of “easy money”. Rather than adopting a monetary policy that … Read More
The Ideal Monetary Policy
Decade after decade, the Federal Reserve, under its dual statutory mandates to minimize both inflation and unemployment, has favored the attack on unemployment over that of inflation. Depending on the … Read More
Division in the Fed
Evidence of the division between those in the Fed who want tighter money and the Keynesians on the FOMC who want easy money to continue has just appeared. The vice … Read More
Bending History
We may be approaching in economics what Thomas Kuhn in his seminal book, The Structure of Scientific Revolutions (reference [S2]), called a paradigm shift. Kuhn laid out scientific history in … Read More
Why What Happens in China Matters
Last week for two straight days, China reminded us of how much we have shrunk as an economic power when they devalued their currency. The U.S. stock market promptly tanked. … Read More
Adam Smith’s “Invisible Hand” and Evolution
I was inspired to write this post by a person named Cai in a comment on Clouds and Global Warming. Not that the suggestive part of Cai’s comment had anything to … Read More
Solar Power Output and Global Warming
Without the Sun we die! Yet how many of us give frequent thought to whether we can can continue to absorb its gift of energy? Or whether that gift will … Read More
Clouds and Global Warming
How do clouds affect global warming? This is an important, urgent and fascinating question! Clouds are involved in a number of physical and chemical processes and are surprisingly complex. Their … Read More
Dialogues and Quora
I have just found a wonderful place on the internet at Quora.com for carrying on dialogues on serious subjects. Readers of this website will recall that inspiring such conversations was … Read More
Economic Effects of Current Tax Policy
One of the biggest sources of problems government imposes on individuals, businesses and the economy is taxes. It has truly been said that “the power to tax is the power … Read More
Collapsing Commodities Point To Hard Times
Lately there have been a number of blogs that have noticed the collapse in commodity prices, such as this one on businessinsider.com. Included in that post was a histogram display … Read More
Ideologies and Conflicts
Cole and Suzanne, this post is for you. How is an ideology formed and what makes us accept its contents as statements about Reality with a capital R? Recently friends of … Read More
What Has Caused Global Warming Periods?
If carbon dioxide has not caused periods of global warming, what has? In our last post of this series on global warming, Global Warming Data, we concluded just on the … Read More
Stock Market Continues Downward March
Have you been keeping track of our favorite canary-in-the-coal-mine for the economy? I refer to the current state of the stock market, of course. The last time we looked at … Read More
Global Warming Data
The simple physical theory in my previous post on global warming, coupled with measured data, is not quite sufficient to prove that global warming caused by man is not real. … Read More
An Infrared Photon’s Life in The Atmosphere
Did you know that the fraction of the atmosphere that is CO2 is 0.0004 by volume? By the atmosphere I really mean the troposphere, which is the layer of atmosphere … Read More
Basic Physical Processes of Greenhouse Gas Warming
Before we get to the question of how important greenhouse gas warming by CO2 is, we should all have a grasp of the basic physical processes involved. That will help … Read More
The Great Global Warming Scam
Antarctic Ice Extent 9/21/2005 Surely, someone should go to jail for the lies and fraud perpetrated in the name of global warming! What has been said by the supporters of … Read More