milton friedman

Milton Friedman’s advice about climate models, & how to win the policy debate

Summary: The vital public policy debate over climate change is deadlocked. This is the sixth in a series about ways to restart the debate — and resolve it. This post gives Milton Friedman’s advice about the role of predictions as the gold standard for validation of theories. This implies that the key to policy action …

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More invisible signs of looming US inflation!

Summary:  The inflationista’s are (again) hysterically sounding alarms about looming US inflation.  Or even hyperinflation.  Let’s review the data.  Can we see serious inflation?  No.  These fears are to a large extent fanned by conservatives for political purposes.  Left and Right both see that Americans are most easily herded by fear, like sheep.  The more graphic, even …

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One of America’s few wise men tells us about Mexico

Summary:  This is a brief report about Mexico, seen as a problem for the USA.  Analysis of the problem and our government’s idiotic response, plus a possible solution. Contents “La Rubia y La Droga – Notes From an Unknown Planet“, Fred Reed, Fred on Everything, 30 March 2009 U.S. military outreach to Mexico likely to …

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Can the European Monetary Union survive the next recession?

“Europe will be forged in crises, and will be the sum of the solutions adopted for those crises.” — Jean Monnet in his Memoirs (1978). He was one of the architect of the program to unite Europe (see his Wikipedia bio) Rule #1:  even big things die.  Geopolitical analysts too often assume the permanence of …

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