| A Valuable Investor Guide from Mullis Himself A wave-riding surfer dude from North Carolina, Mullis's rabble-rousing autobiography, Dancing Naked in the Mind Field, made the rakish Nobel physicist Richard Feynman seem like a stuffed shirt, intimidated by Ivy League sanctimony. But for all Mullis' rampant LSD, sex, wives, and rock 'n roll, he was dead serious about science and defiant towards its prestigious abusers. A truthteller among panic-sellers, he offers a valuable guide to investors today. For example, it is worth knowing that Mullis completely debunked the "ozone hole" panic of the 1980s, which represented a lucrative dry run for the climate change weather ruckus of today. "Beyond the lack of scientific evidence, it makes no sense anyhow that we could destroy ozone in the upper atmosphere. If a hole in the ozone layer appeared somehow [and it's cyclical, folks], the ultraviolet rays from the sun would come through the hole and strike the earth's atmosphere, where they would be absorbed by the miles-thick layer of oxygen surrounding the Earth. Then it would make more ozone. When the UV rays from the sun combine with oxygen they form ozone…That's why we have oxygen to breathe down here and ozone in the upper atmosphere…" There is much more similar lucid teaching in his book. Mullis points to Nobel economist James Buchanan, who "noted 30 years ago — and he is still correct — that there is no vested interest in seeing a fair evaluation of a public scientific issue." Mullis comments: "I couldn't help but notice the amazing coincidence that the American patent on the production of Freon, the principal chloroflorocarbon used in refrigerators and air conditioners, expired at just about the same time Freon was banned… And a new chemical compound… protected by patent, would soon be substituted and make a lot of money…" "We accept the proclamations of scientists in lab coats with the same faith we once reserved for priests," he wrote. "We have turned them into something almost as bad as lawyers." Destroying the US chemical industry through overwrought safety regulations and EPA chemophobia, all amplified by class action litigation, the lawyers have done enough damage. The consensus science just provides a new set of suits. Where is the Supreme Court when you need them? This is the "Age of Chicken Little", says Mullis, "We have been had again, and grossly misinformed [by the IPCC at an ante-cost to us $1 billion per year]. And the more we pay these bastards the longer they will be in business and the more damage they can do in the name of saving us from ourselves." Today's Prophecy We can all imagine what Mullis would have said about the coronavirus shutdown at a time when all technology converges to allow most production to proceed without direct contact and GPS and smartphones and thermal gauges and face recognition lets infected people be followed and identified. This is a strategic problem to be solved by expanding the economy and exploiting information technology and recognizing human individuals, not by treating everyone as a case. The South Koreans have shown the way. Today nearly all the damage is being inflicted by clueless politicians. They should not be paid until they figure out how to pursue opportunities, rather than their own power. Maybe Trump is enough of an outsider to see this. Too bad Mullis isn't around to counsel him, but his book is there for everyone to read. Regards, 
George Gilder
Editor, Gilder's Daily Prophecy | 
Dear Daily Prophecy Reader,
To end your Gilder's Daily Prophecy e-mail subscription and associated external offers sent from Gilder's Daily Prophecy, 
No comments:
Post a Comment