A Barren Future
Tyler Cowen considered the problem of what would happen if a freak solar event sterilized one half of the planet. It's a bit unclear exactly what is meant by "sterilized" here, but let's assume, as Tyler and most of his commenters did, that it just meant removed human's capability of reproduction. So what would one think would happen? It seems that that depends greatly on one's prejudices. Cowen says: I would predict the collapse of many fiat currencies and the immediate insolvency of most financial institutions. Who could meet all those margin calls? Unemployment would exceed 20 percent and martial law would be declared, food rationing and guys with rifles on street corners. Say what? It might be just as well that he didn't bother to describe his logic in making those deductions. NYT columnist David Brooks read the post, and his take is not too different: Without posterity, there are no grand designs. There are no high ambitions. Politics becomes insign...