Archives: 11/2014

Today in Cato’s Growth Forum

There are five new essays today in the Cato Institute’s online growth forum:

1. Ryan Avent argues against restrictive zoning.

2. Jagadeesh Gokhale makes the case for tax and entitlement reforms.

3. Michael Strain wants to put America back to work.

4. Karl Smith thinks about how to counter slowing labor force growth.

5. Robin Hanson calls for the meta-policy of decision markets.

Video: The Fate of Our World

The state of the world is improving. Child mortality, poverty, and violence are declining, while life expectancy, incomes, and education are increasing. While many problems remain, most indicators of human well-being are trending in the right direction—especially in the developing world.

If you are interested in a realistic look at the state of humanity, then I highly recommend that you watch this video:

Learn more.

You Ought to Have a Look: The Weather According to Maue, Comments on EPA Power Plant Rules, the Government Bogarts the Weed

You Ought to Have a Look is a feature from the Center for the Study of Science posted by Patrick J. Michaels and Paul C. (“Chip”) Knappenberger.  While this section will feature all of the areas of interest that we are emphasizing, the prominence of the climate issue is driving a tremendous amount of web traffic.  Here we post a few of the best in recent days, along with our color commentary.

Patrick J. Michaels and Paul C. Knappenberger

One of the planet’s most prolific weather and climate Tweeters is Florida State PhD and WeatherBell wizard Dr. Ryan Maue (rhymes with zowie). Ryan’s initial claim to fame was his analysis of tropical cyclone (e.g., hurricane) activity that shows, over the past 45 years, lots of variability but no overall change.  Originally published in 2009, it flies in the face of global warming doomsayers who predict increases in all manner of extreme weather events including hurricanes and their tropical brethren. As a young scientist, going against the grain is not typically a good career move (which is why the global warming establishment is self-perpetuating), but Ryan is driven more by the truth than by political correctness. In fact, political correctness is an antonym of Ryan.

He has risen to prominence as the creator of the amazing analyses and graphics produced by the private weather forecasting firm WeatherBell Analytics. Many of these products find their way onto Ryan’s Twitter page along with some insightful (and often witty) commentary. His analysis of current weather events is unparalleled. If you’ve heard of the “polar vortex,” you can thank (or blame) Ryan: he first popularized this arcane professional term last winter.

This past week he has been active, covering the humongous lake-effect snows burying parts of greater Buffalo, the cold outbreak setting all-time monthly low temperature records in the Eastern United States, and pushing back against the growing tide of media that so desperately wants to link it all to global warming.

From our standpoint, Ryan is one of the best young weather/climate guys out there. If you don’t want to limit yourself to only encountering  Ryan’s analysis on the Drudge Report (which actually isn’t too limiting since his work is frequently featured there), then you ought to have a look for him on Twitter and become another of his more than 13,000 followers. To tune in to Ryan telling it like it is, check out @RyanMaue.

How Hot Does It Have to Be to Break a Record?

So who hasn’t seen one of the bajillion recent stories saying 2014 is going to set the instrumental record for the highest average global surface temperature? May we throw a teense of cold water on that hot news?

Annual temperatures are calculated by averaging up monthly readings, so the last data point that we have is October. The National Climatic Data Center, a part of the Department of Commerce, estimates that global average temperature was a record high of 58.46°F. The previous record was 58.45°.

The key word is “estimates.” When a scientist measures something—with a ruler, a scale, or a thermometer, for example—there’s always a measurement error owing to properties of the measuring device or even the skill of the scientist. When it comes to global temperature, scientists are averaging data from over a thousand thermometers scattered about the planet. Some are well-taken care of, and some are not. Some may have traces of urban warming in them. Nor is the number of readings exactly the same from year to year, or even from month to month.

The result is that there is a central estimate (58.46°) and a 95% confidence range as to where the “true” value lies. 

The most recent and most transparent error analysis of global temperatures has been done by a group called Berkeley Earth. For October, they find that the 95% confidence range is 0.10°F, or +/- 0.05°.

So, using the normal rules of science, is 58.46° then distinguishable from 58.45°? In a word, “NO.”

Iran’s Economy, With and Without a P5+1 Agreement

The haggling between Iran and the so-called P5+1—the permanent members of the United Nations Security Council, plus Germany—is scheduled to come to a close on Monday, November 24th. The two parties each want different things. One thing that Iran would like is the removal of the economic sanctions imposed on it by the United States and its allies.

After decades of wrongheaded economic policies, Iran’s economy is in terrible shape. The authoritative Economic Freedom of the World: 2014 Annual Report puts Iran near the bottom of the barrel: 147th out of the 152 countries ranked. And the “World Misery Index Scores” rank Iran as the fourth most miserable economy in the world. In addition to economic mismanagement, economic sanctions and now-plunging oil prices are dragging Iran’s structurally distorted economy down. So, it’s no surprise that Iran would like one of the weights (read: sanctions) on its economy lifted.

Just how important would the removal of sanctions be? To answer that question, we use the Institute of International Finance’s detailed macroeconomic framework. The results of our analysis are shown in the table and charts below the jump.

Ebola: Human Progress Is the Best Medicine

With the media frenzy over Ebola now thankfully fading, let us view the outbreak within the context of humanity’s continually improving ability to solve new problems.

Today, the world is better prepared than it has ever been to respond to an outbreak of an infectious disease. For example, there are more skilled medical professionals available to tend to the sick and conduct research on effective treatment. The number of physicians per person is rising globally.

While there is not yet a cure for Ebola, many people are hard at work coming up with one. Countless maladies that once were death sentences can now be treated. The development of effective antiretroviral drugs for HIV/AIDS, for example, serves as one of the great medical accomplishments of the past two decades.

Today, the tools to prevent transmission of disease are more accessible than ever. Ebola and many other diseases are partly spread through poor access to sanitation. Thankfully, more people are gaining access to improved sanitation facilities.

The Ebola threat should be viewed in the context of human ingenuity. As Princeton University professor and HumanProgress.org advisory board member Angus Deaton writes in his book The Great Escape, “Need, fear, and, in some circumstances, greed are great drivers of discovery and invention.”