Recent Posts

China may find its new empire too hard to handle

To Indian eyes, Chinese President Xi Jinping’s big One Belt One Road Belt (OROB) Forum — which attracted 29 heads of government and representatives of 130 countries — looked awfully familiar. It looked, in fact, like an imperial durbar — the sort of grand spectacle that the British in India used to arrange periodically, with princelings from across the subcontinent ...

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Economic forecasting is still broken

Economists still get a lot of flak for failing to predict the 2007-2009 recession. These criticisms are often misguided. Nonetheless, there’s an important sense in which forecasting models were badly mistaken — and probably remain so today. Critics of forecasting tend to misunderstand its purpose. Forecasters know perfectly well that, in a random world, the one certainty is that their ...

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Federal power spins its ever-growing web

A blind spider creeping through America’s judicial thicket might be heading to the Supreme Court, which will have to decide if the contentment or even the survival of the Bone Cave Harvestman spider species, which lives only in two central Texas counties, is any of the federal government’s business. If it is, what isn’t? The US Fish and Wildlife Service ...

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