Friday, July 11, 2025

Recent Links

 The Return of Trade-Offs. Not just in economics.  Trade-offs apply in everything. Also, you can't always fix things.  Trading up is sometimes the best you can do.  And that's fine.

Mass democracy does not create prosperity. In each case, political liberalization came only after state institutions had been established, the economy had become diversified and a broad middle class had emerged. Democracy was not the engine of development. It was the outcome. Something similar happened with gun laws. Europe's homicide rate declined long before the restrictive gun measures came in. 

 Everything is Palestine to the European left.

Physics demonstrates that increasing greenhouse gases cannot cause dangerous warming, extreme weather, or any harm.   Lindzen of MIT has been saying this for years, Happer of Princeton I had not heard of.  I don't have the chops to tell you whether they are completely right, partly right, marginally right, or complete cranks. I only point out that they exist, they have excellent credentials, and to my generalist brain their arguments seems coherent. Related: We can't really think in climate scale, but we talk as if we do. 

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