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No more secret science, needs no more secret economics

By Darren Nelson - posted Wednesday, 9 May 2018


CBA and CRA nowadays need to include a "blue team versus red team" approach. Many credible folks have been pushing for some time for the EPA to take such an approach to the science underpinning their regulations and other actions. These advocates include organizations like CEI, CFACT and Heartland as well as scientists such as Dr Judith Curry. In her post of July 2017, Dr Curry asked "What is red teaming?" and answered with:

Defined loosely, red teaming is the practice of viewing a problem from an adversary or competitor's perspective. The goal of most red teams is to enhance decision making, either by specifying the adversary's preferences and strategies or by simply acting as a devil's advocate. Alternative analysis is the superclass of techniques of which red teaming may be considered a member. As with red teaming, these techniques are designed to help de-bias thinking, enhance decision making, and avoid surprise.

In conclusion, quoting from my February LibertyWorks article of "Trump's infrastructure plan: making infrastructure great again?":

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Both CBA and CRA importantly remind everybody concerned that scarcity and uncertainty are ever-present realities of economics, as well as politics, that can thus never be ignored. CBA and CRA increasingly includes a 'blue team versus red team' approach. The former generally takes a good government (or contemporary political reality) perspective whilst the latter takes a free market (or timeless economic reality) perspective. Of course, the ultimate goal of most libertarians, and many conservatives, is to align the former to the latter. By winning hearts and minds, from the top-down and bottom-up, in a plethora of logical and creative ways.

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This article was first published by Townhall Finance.



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About the Author

Darren Brady Nelson is an Austrian School economist, conservative-libertarian and Christian who lives in Brisbane Queensland but is originally from Milwaukee Wisconsin.

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