Climate Skeptic Admits He Was Wrong to Doubt Global-Warming Data

http://latimesblogs.latimes.com/gree…l-warming.html

Climate skeptics perform independent analysis, finally convinced Earth is getting warmer
By John Timmer | Published about 2 hours ago

Last week, a project called Berkeley Earth released drafts of its findings. The project was started by a physicist, Richard Muller, who had previously expressed doubts about the mathematical rigor of climate science; it received funding from a variety of sources, including the Department of Energy and foundations set up by Bill [...]

An important parallel betwixt the Great Depression and the ecomomic mess of today; the role of academic economic theories.

The Great Depression was the first economic disaster in which academic economists played a major role in terms of advising governments what , and what not, to do. The result of course was an 12 year economic disaster (1930 to 11/1941) .

Prior to the great depression, the govt. – more or less – just let things run their course, and most panics (recessions) worked themselves out in about a year [...]