Read about liberty

Thomas E. Woods, Jr hosts a daily podcast: The Tom Woods Show .  Tom has a list of recommended reading.  This is how he describes these books:

If you’re like me, you are annoyed by books that teach you (only) three new things. My time is limited. I like books that are full of things I didn’t know, or ideas I’d never thought of.

The books I recommend below belong in that category. They teach you something new and unexpected on every page. And they are a perfect antidote to the propaganda fed to us in the ideological prison camps where most of us spent our formative years.

The following is the link to Tom's recommended reading, enjoy!

 

http://tomwoods.com/goodbooks/?omhide=true

Causes of differences in model and satellite tropospheric warming rates

The following article was published in Nature Geoscience on 6/19/17:

https://www.nature.com/ngeo/journal/vaop/ncurrent/full/ngeo2973.html

Note the last sentence in the "Abstract":

"We conclude that model overestimation of tropospheric warming in the early twenty-first century is partly due to systematic deficiencies in some of the post-2000 external forcings used in the model simulations."

This means that the computer models used to predict anthropologic global warming have systematically overstated the rise in global temperatures.  This is a study submitted to peer review by a large group of scientists who previously have vigorously defended the models.

Say’s Law

The following article by Dr. Richard M. Ebeling was published by The Future of Freedom Foundation on 6/19/17:

https://www.fff.org/explore-freedom/article/economic-ideas-jean-baptiste-say-law-markets/

This is the most important part of the article:

What Jean-Baptiste Say is, perhaps, most famous for is what has become known as “Say’s Law,” the fundamental idea being that market demand is dependent on market-based supply. He argued that money, most certainly, is an extremely valuable medium through which goods and services may be traded, and without which many potentially mutually beneficial exchanges might be impossible to consummate.

However, it is, ultimately produced goods that trade for other produced goods. Thus, our ability to demand any particular goods from others in the market is dependent upon our ability to supply some specific good that those others may be willing to take in payment for what we desire to purchase from them.

Say's Law disputes the sacred premise that consumption drives economic growth.  In fact it is production that is necessary for economic growth.  This explains why government intervention into economic activity to stimulate consumption always creates distortions that result in sever economic downturns.  This section of the article will help to make this point clear:

The shoemaker makes shoes and sells them for money to those who desire footwear. The shoemaker then uses the money he has earned from selling shoes to buy the food he wants to eat.

But he cannot buy that food unless he has first earned a certain sum of money by selling a particular quantity of shoes on the market. It is his supply of shoes that has been the means for him to demand a certain amount of food.

This is, in essence, the meaning of “Say’s Law,” or what Jean-Baptiste Say called the “law of markets”: unless we first produce, we cannot consume; unless we first supply, we cannot demand.