Global Warming Billionaire

Easterbrook is a professor at Western Washington University who was quoted in that BBC article. When I called him at his home outside Seattle, Easterbrook informed me that we have just experienced the third coldest October in the past 115 years. There’s probably more cold to come, he said, and the amount of carbon dioxide in the climate will have little effect on it one way or the other. The reason? Contrary to popular belief, there just isn’t that much of it in the atmosphere.

“For every 100,000 molecules of air, only 38 are carbon dioxide,” Easterbrook said. The global-warming crowd likes to say that CO2 levels have risen 35 percent in the industrial era. “But 35 percent of nothing is still nothing,” says Easterbrook, and the increase in CO2 has virtually no effect

Health Care and the Constitution

We’ve had some excellent articles and videos submitted by our readers recently.  We’ll be posting them under the appropriate categories.   Have you read a good one lately?  Send it on it.    Here is an article from one of our readers about Mr. Connelly’s take on the Health Care Bill as it relates to our Constitution.   A 13 year [...]

Audit the Fed? Ummmm….YES

“In other words, the value of the dollar remained extremely stable for 150 years, then The Fed was created in order to “stabilize the value of the dollar” and the result has been a 95% devaluation of the dollar in less than 100 years following its creation. Below is a graph of this history…..”

Double Whammy

Misguided government policies have already dealt vicious body blows to our economy, but that hasn’t stopped politicians this week from launching two new kicks to the groin: a national health insurance plan and a carbon emissions regulation system called “cap and trade.” …………..If left alone, the free market drives quality up and costs down. Government programs produce the opposite result. Despite the president’s claim that a federal plan will bring costs down, there is no historical precedent for such faith.

Krugman: Delightfully and Deservedly Slammed

And here’s December 2001: “The good news about the U.S. economy is that it fell into recession, but it didn’t fall off a cliff. Most of the credit probably goes to the dogged optimism of American consumers, but the Fed’s dramatic interest rate cuts helped keep housing strong even as business investment plunged.”

That, of course, was the problem: by keeping housing “strong” instead of allowing the economy to correct itself, the Fed encouraged people to continue along an unsustainable path, thereby making the eventual and inevitable bust all the more severe when it finally arrived. Oops!