Past is not indicative of the future when dealing with hugely Complicated systems. Empirical models are only as good as the data under them. The pricing models

Past is not indicative of the future when dealing with hugely Complicated systems. Empirical models are only as good as the data under them. The pricing models used in the infamous mortgage backed securities that brought the world the 2008 Great Recession were trained on data before the SL crisis. Further, fully all of human pollutions until the mid 90s were subsequently surpassed in the emissions from then until now. There just is no reason to argue about these topics with simple graphs and lazy “theories”. This article is just slightly better than middlebrow drizzle in data. But worse because it promulgates bad ideas.