Kenneth Arrow, one of the giants of economics, has died at the age of 95. He became a Nobel Laureate in 1972. As a young lawyer in 1977, I saw him in action as an expert witness on the subject of risk. The context was setting the rates for shipping oil through the Trans-Alaska Pipeline System (TAPs). Arrow testified about the risks of oil prices falling. The FERC administrative law judge thought such a scenario was ridiculous. Within four years, oil prices fell sharply. Arrow's experience was a common one for economists dealing with lawyers - the ALJ ignored him.
Discuss this article at the Geopolitics Table inside the Diner
As our economy spins down, our climate deteriorates, our geopolitical system descends into chaos and warfare, placing BLAME for this sad state of affairs is a popular thing to do amongst Bloggers and people who comment on blogs. This Blame Placing works its way down from the very large to the very small. In this article, I will cover the way various Pundits and Commenters in the Collapse Blogosphere like to place blame for the ongoing Collapse of Industrial Civilization.
-- this post authored by Tyler Cowen, Gearge Mason University
Fascism: One Hundred Questions Asked and Answered is a book published in 1936 by British fascist Oswald Mosley, and it is arguably the clearest first-person introduction to the topic for an Anglo reader, serving up less gobbledygook than most of the Continental sources. Mosley actually makes arguments for his point of view, and thinks through what possible objections might be, which is not the case with, say, Marinetti.
Shepard Smith's denunciation of Trump is even more courageous and important than Edward R. Murrow's denunciation of Senator Joe McCarthy in the early 1950s. Murrow was denouncing a demagogue with great power, but the subject of his historic condemnation was not the President. It was a Senator.
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