Phillip W. Magness

U.S. Economic & Political History

On New Dealer Climate Policy

| September 12, 2016

Let’s consider a thought experiment. Suppose a second Great Depression happened, and the evidence of its harm was overwhelming. Unemployment shot up to 24% and GDP dropped by almost 30%. By every sense of the imagination, the economic collapse was catastrophic. Now suppose you are confronted with the following argument: “People are suffering, so we simply have […]

The ‘Climate Science’ MONIAC Machine

| February 25, 2016

The internet has been abuzz for the past few days with a new climate forecasting study by Terence Mills, a well-known statistician at Loughborough University in the UK. The report is highly technical and reads as something of a mathematics textbook on how to design Box-Jenkins type ARIMA forecasting models for climate data, so statistical novice readers be […]

A Global Warming Thought Experiment

| January 6, 2016

I generally accept that the planet is getting warmer, albeit at a more gradual pace than the politicized models of global warming alarmists suggest. Far from a cry to action though, acceptance of this fact warrants little more than a “so what?” If you doubt me, here’s a little historical thought experiment to consider: The first […]

Is “Climate Denialism” even a problem?

| December 1, 2015

In light of the recent Paris climate change summit, a number of representatives of the political class have set their sights upon what they deem “climate denialism.” The term is frequently used as a pejorative to dismiss persons who are skeptical of the many proposed political responses to global warming, but in its most narrow […]