Summary: Europe's leaders have opened their borders to immigrants with radically different cultures. It's one of history's largest public policy experiments, made with little or no planning or research about its consequences. In 1968 Enoch Powell, a genius British politician, foresaw this -- and warned about its effects on Britain. The generation now growing up … Continue reading Martin van Creveld: Britain’s smartest leader warned about open borders in 1968. It blew their minds.
Summary: September housing starts were weak, as they have been since the crash. Their failure to recover has been a surprising and large drag on this economic cycle. Demographic change and slow GDP prevent a housing recovery. On the other hand, housing busts create recessions; this slow expansion (without a boom) is more sustainable -- … Continue reading Why New Home Construction Is Slow, And Will Remain So For A Long Time
Summary: Doomsters dominate the news, as they terrify us for fun and profit. Here's good news from the IMF about global food production. See it here; you probably won't see it in the news. Let's not become complacent; the IMF warns of the large challenges that lie ahead. “If current trends continue by the year … Continue reading Good news from the IMF about feeding the world’s people
Summary: Population change remains a favorite topic for doomsters, providing clicks for the news media and thrills for news consumers. For 5 decades we have heard about the standing room only days coming soon for Earth. That's become a tired story, so they've devised a new one… The rapid rise in population has not … Continue reading Doomsters warned of End Times from overpopulation. Now *fewer* people are disastrous.
Summary: This is the second post looking at statistician Nassim Nicholas Taleb's insights about "ruin" risks, and what they tell us about climate change. Here we look at his warning about climate change and two factors he ignores: the duration of the climate risk window and the odds of a climate disaster. The danger is … Continue reading Nassim Nicholas Taleb warns us about climate change