The High Cost of Centrally Planning the Global Climate


by Ryan W. McMaken,

Appeared originally at 01 May 2015

Since I"m not a person who follows the climate-change debate or climate science in detail, I don"t get involved in discussions over temperature readings or climate trends. On the other hand, I find it"s a very bad idea to leave the science of economics and political economy up to climate scientists and their friends in politics who tend to be woefully deficient in their knowledge of how economies work or how scarce goods and amenities can be preserved, obtained, or manufactured.


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What We Read Today 06 May 2015

Econintersect: Every day our editors collect the most interesting things they find from around the internet and present a summary "reading list" which will include very brief summaries (and sometimes longer ones) of why each item has gotten our attention. Suggestions from readers for "reading list" items are gratefully reviewed, although sometimes space limits the number included.

This feature is published every day late afternoon New York time. For early morning review of headlines see "The Early Bird" published every day in the early am at GEI News (membership not required for access to "The Early Bird".).


Every day most of this column ("What We Read Today") is available only to GEI members.

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 more features, analysis, studies, and news published in the last week

The Industries Where Employees Drink The Most

from Felix Richter,
by Niall McCarthy

Do you enjoy a nice cold beer after a long hard day in the office?


Infographic Of The Day: Living On A Comet - Dirty Snowball Explained

A comet is a mountain of ice and dust, tumbling through space.

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Video of the Day:

Civil rights groups and tech firms are working together to fight back against lawmakers attempting to make it more difficult for citizens to record officers on smartphones and other technology.

video of day picture

FOREX NEWS by DailyForex

Reserve Bank of Australia Acts To Stimulate Growth

Arguably, Australia was the major economy least affected by the Global Financial Crisis. It managed to avoid a recession, but growth was cut significantly, of course and it was one of the first nations to tighten monetary policy by raising interest rates.

Bond Woes Spread, Dollar Slips

A selloff in global sovereign bonds pushed Asian stocks to two-week lows on Wednesday as investors worried it might trigger profit-taking in other asset classes, while the U.S. dollar dragged behind dogged by trade deficit concerns.

After a Fall, Dollar Bounces Back

After the Dollar’s worst run in several years, the greenback recovered versus its major peers, especially the Euro, but also against a weighted basket of rivals.

Eurozone Consumer Inflation Stops Falling

Much has been made in certain circles of the risks of prolonged deflation in the Eurozone as a potential brake on domestic demand as patient Western Europeans hold off on large ticket item purchases in the hope that the costs will be reduced when eventually they do part with the hard-earned cash and buy them

RBA Cuts Interest Rates

The Reserve Bank of Australia's (RBA) decision came down to the wire at its monetary policy meeting Tuesday, with the result of an interest rate cut despite policymakers' concerns over a too-strong Australian dollar and home price gains.
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What "Tesla Energy" Means for the Tesla Motors Stock Price

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The Many Failures of the CPI

by Mark Thornton, Ludwig von Mises Institute

Appeared originally at 29 April 2015

Austrians oppose the whole notion of trying to accurately measure "inflation" which mainstream economists see as a general rise in prices. (Austrians view inflation as a politically engineered increase in the money supply.)


 USA economy at a glance (boxed items are updates in last 7 days)

April 2015 ADP Job Growth at 169,000 - Slower Growth Trend Continues

Written by Steven Hansen

ADP reported non-farm private jobs growth at 169,000. Although disappointing and below forecasts - the year-over-year rates of growth is statistically the same as last month (which was revised downward). The rolling averages of year-over-year jobs growth rate for the last 10 months remain around 2.4%.

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