The Bogus “Consensus” Argument on Climate Change

The Bogus “Consensus” Argument on Climate Change

One of the popular rhetorical moves in the climate change debate is for advocates of aggressive government intervention to claim that “97% of scientists” agree with their position, and so therefore any critics must be unscientific “deniers.” Now these claims have been dubious from the start; people like David Friedman have demonstrated that the “97% consensus” assertion became a talking point only through a biased procedure that mischaracterized how journal articles were rated, and thereby inflating the estimate. But beyond that, a review in The New Republic of a book critical of mainstream...

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Do We Really Have a Decade Left to Solve Climate Change?

Do We Really Have a Decade Left to Solve Climate Change?

Wise alecks on social media noted with amusement how Beto O’Rourke recently claimed humans had only ten years to act on climate change, thus one-upping Alexandria Ocasio-Cortez who had previously gone out on a limb by putting the deadline at twelve years. Snark aside, it’s important to point out that the “consensus science” as codified, for example, in the periodic reports from the United Nations do not support such a cliff-hanger mentality at all. Our Political Figures Ignore the IPCC The quickest way to make this point is to reproduce something I highlighted several years ago in an IER...

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The Upside-Down World of MMT

The Upside-Down World of MMT

[Editor's note: MMT is back in the news, championed by Congresswoman Alexandria Ocasio-Cortez and former Bernie Sanders advisor Stephanie Kelton. Economists like Brad DeLong and Paul Krugman are giving MMT at least faint praise, and even National Review has favorable things to say. Ironically, MMT is neither modern nor truly "monetary;" instead it is a combination of tired fiscal and monetary policies. Our Senior Fellow Robert Murphy first wrote this article debunking MMT in 2011, but every word applies today.] Modern Monetary Theory (MMT) is a hip economic/financial paradigm apparently...

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The Idea That the Fed Is ‘Independent’ Is Absurd

The Idea That the Fed Is ‘Independent’ Is Absurd

President Donald Trump sparked controversy — as is his wont — when he recently told CNBC that he was “not thrilled” with the Federal Reserve’s announced hikes in short-term interest rates, which he claimed would hinder the economic expansion for which his administration had worked so hard. “I’m letting them [the Fed] do what they feel is best,” he added, but this assurance was not enough to prevent journalists and policy experts from pronouncing Trump’s remarks as unprecedented interference with the central bank’s independence. It may be unusual for a president to openly voice such...

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3 Good Things About “Price Gouging”

3 Good Things About “Price Gouging”

As so often happens in the wake of a natural disaster, government officials in Texas are currently investigatingclaims of “price gouging,” which the office of the Attorney General reminds residents is illegal after the governor declares a disaster. This is a classic example of the ostensible contrast between greed and altruism, capitalism and charity. Economists who favor the free market know the standard arguments for letting the price skyrocket to “clear the market” when there are supply shortages and demand spikes. These are important arguments, and indeed I will review them below. At the...

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3 Good Things About “Price Gouging”

3 Good Things About "Price Gouging"

As so often happens in the wake of a natural disaster, government officials in Texas are currently investigatingclaims of “price gouging,” which the office of the Attorney General reminds residents is illegal after the governor declares a disaster. This is a classic example of the ostensible contrast between greed and altruism, capitalism and charity. Economists who favor the free market know the standard arguments for letting the price skyrocket to “clear the market” when there are supply shortages and demand spikes. These are important arguments, and indeed I will review them below. At the...

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Reflections on Donald Trump’s Election

As the markets and pundits react to Donald Trump’s enormous upset victory, let me offer my own reactions. As an economist, I will focus on matters pertaining to economic policy. The Danger of Hubris and Denial. Everybody recognizes that the “experts” and polls were totally wrong. Indeed, I was listening to NPR around 6 p.m. Eastern time on Election Night, and these commentators were all but speculating on President Clinton’s Cabinet. Later, around midnight, I was curious how NPR’s anchors would handle the blow. I am only slightly exaggerating when I say that the explanation was, “Trump...

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News

News Roundup 8/16/2022

US News Journalists Charles Glass and John Goetz and attorneys Margaret Kunstler and Deborah Hrbek sued the CIA headed by former Director Mike Pompeo. The plaintiffs had meetings with Julian Assange in the Ecuadorian embassy in London and were spied on. Reuters Russia...

News Roundup 8/15/2022

US News ICE set up a fake college to entrap students to break immigration laws. Reason Former Secretary of State Henry Kissinger warned of the dangers of the US policy toward Russia and China in an interview with The Wall Street Journal. AWC Russia At a conference in...

Blog

Drone Assassination: Inconvenient Facts

On the assassination of Ayman al-Zawahiri by U.S. drone in Kabul (from Accuracy.org): [Laurie Calhoun] said today: “President Biden has pivoted from the multiple crises of his administration — inflation, heightened tensions with China and Iran, and even the very real...

The Brief Case for Pacifism – Bryan Caplan, Ph.D.

  “My case for pacifism, to recap, comes down to three simple premises. The first two are empirical: Premise #1: The short-run costs of war are clearly awful. [Empirical claim about immediate effects of war]. Premise #2: The long-run benefits of war are highly...

Why We Should Study China

  I would posit that there is no civilization so utterly foreign to Americans than China. Often, American impressions of China are informed by preconceptions, myth, and fear of the other. For the average American, the sum of all knowledge about China is derived...

Kennedy Tonight

Tonight I'll be back on Kennedy Nation talking central banking and war. Update:

The Scott Horton Show

8/8/22 Bonnie Kristian on America’s Ongoing War in Somalia

 Download Episode. Scott interviews Bonnie Kristian about her new book and an article she wrote recently on America’s war in Somalia. After the withdrawal of troops from Afghanistan last summer, Somalia is now America’s longest war. Though Trump temporarily shifted...

Conflicts of Interest

COI #308: Moving Closer to Nuclear War

On COI #308, Kyle Anzalone discusses warnings that the world is close to annihilation. Odysee Rumble  Donate LBRY Credits bTTEiLoteVdMbLS7YqDVSZyjEY1eMgW7CP Donate Bitcoin 36PP4kT28jjUZcL44dXDonFwrVVDHntsrk Donate Bitcoin Cash...

Don't Tread on Anyone

Who Was Tony Timpa?

https://youtu.be/zQiIPeHLQp4 “Unless it be to do justice on an offender,” Locke continued, no one may “take away, or impair the life, or what tends to the preservation of the life, the liberty, health, limb, or goods of another.” Long traces out a key implication of...

Why Democratic Socialists Are Wrong About “Profit”

https://youtu.be/Eg9OIssCmsc One of the most incredible attributes of free markets is the ability to harmonize our self-interests with the interests of greater society. Contrary to the popular demonization of profits as extraction of surplus value, profits in freed...

Liberty Weekly Podcast

Justin Raimondo’s American Epitaph Ep. 222

https://youtu.be/8yNp_Rqr1AE On July 4, 2022, I reflect on the United States' fall from republic to failing empire. In doing so, I get a little help from Murray Rothbard and Justin Raimondo. Episode 222 of the Liberty Weekly Podcast is Brought to you by:...

Year Zero

46 & 2, Tool, the Shadow, and Jung w/Jon Hartmann

I asked my good friend Jon Hartmann to come back on the show to discuss Tool’s 46 & 2 and Jung’s concept of the Shadow. Jon Twitter Jon Instagram Discord Libertarian Institute 19 Skills Pdf Autonomy Course Critical Thinking Course Donate Patreon...

Avoiding Nihilism w/Rachel Tobias

Rachel joined me again, and this time we are talking about how to avoid nihilism and continue moving forward. Rachel Twitter Discord Libertarian Institute 19 Skills Pdf Autonomy Course Critical Thinking Course Donate Patreon RyanBunting.com

The Tweet Heard Around the World w/Cam Harless

Cam joined me to discuss the essence of women and being bi. The Mad Ones Cam twitter Discord Libertarian Institute 19 Skills Pdf Autonomy Course Critical Thinking Course Donate Patreon RyanBunting.com

Nihilism w/Buck Johnson

Buck joined me to discuss Nihilism by Fr Seraphim Rose. Nihilism is an interesting critique of liberalism that walks through the stages of societal degradation. Fr Seraphim determines that the replacement of an objective truth with relative truth sends the world into...

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