consumer price index

Let’s learn about hyperinflation. Who knows what the future holds for us?

Summary:  What makes an experiment is uncertainty about the outcome, no matter how great people’s confidence. That applies to the great monetary experiments now in progress by China, Europe, America, and Japan. Europe since 2008, the USA since 1998, and Japan since 1988 all have common histories: confident leadership, unexpected crises, and repeatedly wrong forecasts. After all that …

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An important step to take before we spend a trillion dollars to save the planet from global warming

There will be many benefits of ClimateGate, the liberation of emails and documents from the UK Climate Research Unit. One of them might be the professional handling of the global temperature datasets, one of the great scandals of climate science. As described in this comment by Ross McKitrick, posted at Climate Audit on 12 August 2009. …

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