Pulled this from some economic/Investment reading and I feel it applies to more than economics… like Environment and Geology for two..
“The problem we have today in economics is that many people, and not a few economists, seem to regard economics as “pure science,” as described above by Gauri Shankar Shrestha. If you delve deep into measurement theory, you find that all too often the way in which you measure something determines the results obtained from your experimental model. How you measure the effectiveness of a drug can sometimes determine whether it gets approved – apart from whether it actually does any good. The FDA actually works rather hard at measurement theory.
And if you’re using models, as we do in economics, to determine policies that govern nations, your efforts can result in economic misdirection that seems for a time to work but that all too often can lead to a disastrous Endgame. A short-sighted economic policy is not unlike a drug that makes one feel good for a period of time but ultimately leads to further weakness or collapse.”
Use the above statement and reflect on :
1. Global Warming… my opinion is that the measurements they are using to prove one way or the other are based on a very short term (global age) set of points… in the 50’s were were headed to another ice age, now it is global warming… I do believe that man kind is contributing to some small amount with pollution by use of hydrocarbon based materials but looking at the global age the earth has been going through cycles of warming and cooling (think dinosaurs and Ice age facts)…
2. Earthquake increase from some man made input … yes the “FRACKING” could be “assisting” the increase of some area earthquakes but have not the earth (in some areas) gone through these increases before (think mountains and shifting plates)… I have read that the earthquake numbers in Oklahoma are increasing but there was also an increase in the 50’s, just not as many recorders and so much concern then? I agree that the injection of fluids in different areas from where they have come could be pushing the earth to more quakes in some areas but if “FRACKING” is the cause then why are not all areas that are having the big oil push for “FRACKING” having earthquakes? (think N. Dakota, West Texas, Denton Tx, South Tx, West VA, Ohio – all areas with a huge increase in “FRACKING” that does not appear to have drastically increased the number of quakes there? )
Just my opinions and the 2 cents I gave for them…
WD0AJG