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Half-way There: Inspired by Julian Simon and Bryan Caplan

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(Don Boudreaux)

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Exactly ten years ago today, the Wall Street Journal’s print edition ran my offer to “bet $10,000 that the average annual number of Americans killed by tornadoes, floods and hurricanes will fall over the next 20 years. Specifically, I’ll bet that the average annual number of Americans killed by these violent weather events from 2011 through 2030 will be lower than it was from 1991 through 2010.”

I received no serious offer to take my bet.

Although I’ve not checked the data for the first ten years of this twenty-year period (2011-2030), I remain confident that, had someone taken me up on my offer to bet, I’d be in line to collect $10,000 in early 2031 when all the data are in.

Pasted below, for the first time in full here at Cafe Hayek, is that Wall Street Journal piece from May 31st, 2011.

More Weather Deaths? Wanna Bet?
Contrary to what many environmentalists would have us believe, Americans are increasingly less likely to be killed by severe weather.

By Donald J. Boudreaux

Writing recently in the Washington Post, environmental guru Bill McKibben asserted that the number and severity of recent weather events, such as the tornado in Joplin, Mo., are too great not to be the result of fossil-fuel induced climate change. He suggested that government’s failure to reduce emissions of greenhouse gases will result in more violent weather and weather-related deaths in the future.

And pointing to the tragedy in Joplin, Mr. McKibben summarily dismissed the idea that, if climate change really is occurring, human beings can successfully adapt to it.

There’s one problem with this global-warming chicken little-ism. It has little to do with reality. National Weather Service data on weather-related fatalities since 1940 show that the risks of Americans being killed by violent weather have fallen significantly over the past 70 years.

The annual number of deaths caused by tornadoes, floods and hurricanes, of course, varies. For example, the number of persons killed by these weather events in 1972 was 703 while the number killed in 1988 was 72. But amid this variance is a clear trend: The number of weather-related fatalities, especially since 1980, has dropped dramatically.

For the 30-year span of 1980-2009, the average annual number of Americans killed by tornadoes, floods and hurricanes was 194—fully one-third fewer deaths each year than during the 1940-1979 period. The average annual number of deaths for the years 1980-2009 falls even further, to 160 from 194, if we exclude the deaths attributed to Hurricane Katrina, most of which were caused by a levee that breached on the day after the storm struck land.

This decline in the absolute number of deaths caused by tornadoes, floods and hurricanes is even more impressive considering that the population of the United States more than doubled over these years—to 308 million in 2010 from 132 million in 1940.

Contrary to what many environmentalists would have us believe, Americans are increasingly less likely to be killed by severe weather. Moreover, because of modern industrial and technological advances—radar, stronger yet lighter building materials, more reliable electronic warning devices, and longer-lasting packaged foods—we are better protected from nature’s fury today than at any other time in human history. We do adapt.

Of course, this happy trend might not continue. Maybe the allegedly devastating consequences of our “addiction” to fossil fuels, and the rapid economic growth these fuels make possible, will soon catch up with us. Maybe the future will be more deadly.

I reject this pessimism. I do so because economics and history teach that human beings in market economies have proven remarkably creative and resourceful in overcoming challenges. And there’s no reason to think that this creativity and resourcefulness will fail us in the face of climate change.

Since 1950 there have been 57 confirmed F5 tornadoes, with winds between 261–318 miles per hour, in the U.S. Of those, five struck in 1953; six in 1974. So far this year there have been four F5 tornadoes in the U.S., including the devastating storm that killed more than 130 people in Joplin on May 22. F5 tornadoes are massive, terrifying and deadly. But they generally touch down in unpopulated areas, thus going unnoticed. The tragedy of Joplin and other tornadoes this year is that they touched down in populated areas, causing great loss of life. Yet if these storms had struck even 20 years ago there would have been far more deaths.

So confident am I that the number of deaths from violent storms will continue to decline that I challenge Mr. McKibben—or Al Gore, Paul Krugman, or any other climate-change doomsayer—to put his wealth where his words are. I’ll bet $10,000 that the average annual number of Americans killed by tornadoes, floods and hurricanes will fall over the next 20 years. Specifically, I’ll bet that the average annual number of Americans killed by these violent weather events from 2011 through 2030 will be lower than it was from 1991 through 2010.

If environmentalists really are convinced that climate change inevitably makes life on Earth more lethal, this bet for them is a no-brainer. They can position themselves to earn a cool 10 grand while demonstrating to a still-skeptical American public the seriousness of their convictions.

But if no one accepts my bet, what would that fact say about how seriously Americans should treat climate-change doomsaying?

Do I have any takers?

Mr. Boudreaux is professor of economics at George Mason University and a senior fellow at the Mercatus Center.



Source: https://cafehayek.com/2021/05/half-way-there-inspired-by-julian-simon-and-bryan-caplan.html


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