Economix explains the
What is Economix?
Praise for Economix
“I just cannot stress enough how amazing this book is.”
–James Floyd Kelly, Wired.com
“It’s simply phenomenal.”
– David Bach, author of Debt Free for Life and The Automatic Millionaire
“Goodwin has done the seemingly impossible–he has made economics comprehensible and funny.”
– Joel Bakan, author of The Corporation: The Pathological Pursuit of Profit and Power
“An amazing lesson in true-world economics! Delightfully presented, powerful, insightful, and important information. What a fun way to fathom a deep and often dark subject”
– John Perkins, author of Hoodwinked and the New York Times bestseller Confessions of an Economic Hit Man
“Economix is a lively, cheerfully opinionated romp through the historical and intellectual foundations of our current economy and our current economic problems. Goodwin has a knack for distilling complex ideas and events in ways that invite the reader to follow the big picture without losing track of what actually happened. Any reader wondering how our economy got to where it is today will find this a refreshing overview.”
– Timothy W. Guinnane, Philip Golden Bartlett Professor of Economic History, Yale University
So, the Greek referendum is today. Here’s hoping that it forces some progress in the endless madness that is the Greek crisis. Because so far the Troika has simply been demanding the same things, in the same terms, for years. Is it even a “crisis” when nothing changes for that long?
That’s been the situation for the last four years and more. But maybe not tomorrow.
EDIT, 7/5/2015: When I wrote this I was confused by the holiday and thought it was already Sunday. Derp.
WARNING: See edit below.
So, NASA is now predicting that the remnants of the Larsen B ice shelf will be gone by the end of the decade.
I’m going to make my own prediction, just so I’m on the record: It’ll happen faster than that. This coming summer (the Antarctic summer, so Winter 2015-2016 here) or the summer after.
No, I have no access to climate data that NASA doesn’t have. And I don’t read the data better than climate scientists do, or at all. But I’m still pretty confident.
That’s because, in a weird way, the right wing is correct: Climate scientists are always wrong.
They’re wrong because they start from the assumption that nothing will change. Then they look at the data and report upcoming changes that they can prove. The researchers have no real choice in this; anything less rigorous would leave them open to a slew of well-funded attacks from deniers.
So, for instance, nobody knows what the impact of methane release from melting permafrost will be. Climate models therefore don’t take it into account, because any value they gave it would be a guess. But giving it a value of zero is also a guess, and almost certainly a worse guess than any positive value they would have given it.
So if climate scientists say the Larsen B shelf will be gone in five years, I’m pretty sure it’ll be quicker than that.
Let’s hope I’m wrong.
EDIT: Reader Fabius Maximus has pointed me to several cases in which reality has not been as bad as climate scientists have predicted. I’m not sure why I hadn’t come across these–it may have been my personal bad-news bias, or the fact that “problems worse than scientists predicted” makes a better headline than “problems in the low end of the predicted range.” So, my bad.
The lesson here, kids, is don’t listen to nonscientists about the freaking climate.