An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
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Thursday, November 23, 2017
Will Denayer — The doomsday glacier problem
Sea level rising faster than anticipated by older models. A new model (2002) explains the acceleration.
A "new model" that's 15 years old ....
ReplyDeleteTakes a while to test a model.
ReplyDeleteClimate models typically and consistently understate effects as demonstrated over time.
ReplyDeleteClimate models typically and consistently understate effects as demonstrated over time.
ReplyDeletePerhaps because they entertain the more conservative models first Then when the data shows differently they look for another explanation?
God made Economists so that Meteorologists could feel better about themselves.
ReplyDelete