EclectEcon

Economics and the mid-life crisis have much in common: Both dwell on foregone opportunities

C'est la vie; c'est la guerre; c'est la pomme de terre                                     A View from/of the Econochasm by John Palmer

Richard Posner deserves the next Nobel Prize in Economics
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Global Warming and Hurricanes
Remember how RFK, Jr. blamed the hurricanes during the summer of 2005 on global warming? I wonder what he makes of this [h/t to Brian Ferguson]:
Scientists: Warm seas may mean fewer hurricanes

Following in the footsteps of an earlier study, government scientists on Tuesday said warmer oceans should translate to fewer Atlantic hurricanes striking the United States.

The reason: As sea surface temperatures warm globally, sustained vertical wind shear increases. Wind shear makes it difficult for storms to form and grow.

"Using data extending back to the middle 19th century, we found a gentle decrease in the trend of U.S. landfalling hurricanes when the global ocean is warmed up," Chunzai Wang, a physical oceanographer and climate scientist with NOAA's Atlantic Oceanographic and Meteorological Laboratory in Miami, said in a prepared statement.
My guess is that the rhetoric will now change to: "The reason we have had fewer hurricanes on average over the past is because we have had global warming. While we are happy to have had fewer hurricanes on average, we see this as further evidence that we are flirting with danger in the way we treat our planet."

As I noted last summer, the evidence about global warming, its existence, its causes, its effects, and its costs is pretty darned unconvincing. Here's another bit that will surely be used and misused by the advocates writing about the issues.

For a sensible look at the issues, I highly recommend Taken by Storm, by Canadians Chris Essex and Ross McKitrick:
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Category: Global Warming Posted on Thursday, January 24, 2008 at 12:16am
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