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This argument was popularized by Henry Morris (1974, p.164), who used some calculations done in 1968 by Melvin Cook to get the 10,000-year figure. Whitelaw, using a greater ratio of carbon-14 production to decay, concluded that only 5000 years passed since carbon-14 started forming in the atmosphere!
The argument may be compared to filling a barrel which has numerous small holes in its sides.
When the dipole moment is strong, carbon-14 production is suppressed below normal; when it is weak, carbon-14 production is boosted above normal.
What the magnetic field does is to partially shield the earth from cosmic rays which produce carbon-14 high in the atmosphere.
Sometimes it slows down to a trickle so that much more water is leaking out the barrel than is coming in; sometimes it goes full blast so that a lot more water is coming into the barrel than is leaking out. Lingenfelter's paper was written in 1963, before the cycles of C-14 variation we described had been fully documented.
Tree-ring dating (see Topic 27) gives us a wonderful check on the radiocarbon dating method for the last 8000 years.
To that end, he quoted some authorities, including Richard Lingenfelter.
Having accomplished that, Morris concluded that the barrel was still in the process of being filled up and that, given the present rate of water coming in and leaking out, the filling process began only 10,000 years ago.
We say that the input and output of water is in equilibrium.
The water level just sits there even though the hose is going full blast.