40 Years of Peace: Israel and Egypt

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Say, CJR: Never hurts to check your archives

Media Myth Alert

It may seem picky to dispute claims that the Watergate reporting of Bob Woodward and Carl Bernstein “exposed the coverup” the Nixon administration put in place to deflect investigators’ attention from the scandal’s signal crime, the break-in at Democratic National Headquarters in June 1972.

But, really, it isn’t picky, because to credit Woodward and Bernstein with unraveling the coverup is to distort and exaggerate their marginal overall contributions to uncovering Watergate.

Thus, this post, which calls attention to such a claim in Columbia Journalism Review’s takeout about Woodward’s new book, the latest to describe a chaotic Trump administration.

The journalism review article says that Woodward and Bernstein, in their reporting for the Washington Post, “used the most famous anonymous source in American history — FBI Associate Director Mark Felt a.k.a. ‘Deep Throat’ — to expose the cover-up behind the…

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German Animal Lovers Boycott Wind Power: Vegans Incensed by Bloody Bird & Bat Slaughter

STOP THESE THINGS

German vegans have mounted a boycott against wind power, incensed by the pointless and bloody slaughter of millions of birds and bats.

Irony comes in many sizes and shapes, but the idea of one group of moralising zealots taking on another group of moralising zealots, is simply delicious (so to speak).

The concept of carnivorous wind and sun worshippers going toe to toe with tofu and mung bean munching Germans throws up the opportunity for a new form of blood-sport, a bit like bear-baiting, in the Deutschland of old.

At least one electricity retailer has decided to deliver up the kind of electricity that might just satisfy the ethically fussy palates of German vegans. The cleverly named ‘Vegawatt’ promises to deliver electricity to satisfy all animal lovers, including hard-core vegos.

Although, STT is not quite sure how Vegawatt proposes separating its morally sound megawatts from the unethical stuff, enabling it…

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No @NZTreasury staff head-hunted by a hedge fund despite their spotting the value of @ProfSteveKeen’s Minsky software for predicting another GFC

The Minsky software for predicting the next financial crisis is relying on Internet crowdfunding to get off the ground. No hedge funds are beating their way to Professor Steve Keen’s door.

at https://www.patreon.com/posts/brief-guide-to-8808964

The Pox of Liberty – dixit the Political Economy of Public Health

Notes On Liberty

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A few weeks ago, I finished reading the Pox of Liberty authored by Werner Troesken. Although I know some of his co-authors personally (notably the always helpful Nicola Tynan whose work on water economics needs to be read by everyone serious in the field of economic history – see her work on London here), I never met Troesken. Nonetheless, I am what you could call a “big fan” in the sense that I get a tingling feeling in my brain when I start reading his stuff. This is because Troesken’s work is always original. For example, his work on the economic history of public utilities (gas and electricity) in the United States is probably one of the most straightforward application of industrial organization to historical questions and, in the process, it kills many historical myths regarding public utilitiesThe Pox of Liberty is no exception and it…

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Carbon Credits Backfire

Science Matters

One of the favorite climate policy prescriptions is to apply carbon pricing either by a direct tax or by requiring purchase of carbon credits or offsets.  Now comes a report of unintended consequences, namely that rising prices for carbon credits have increased the demand for coal, the most disliked of all fossil fuels.

From Bloomberg Why Higher Pollution Costs Aren’t Denting Coal Demand in EU  Excerpts in italics with my bolds.

If you thought the surging price of fossil-fuel emissions in Europe would hurt coal demand, think again.

The highest prices for carbon credits in a decade have also lifted natural gas, discouraging power stations from making the switch away from coal. As a result, demand remains strong for the dirtiest fossil fuel in the continent that’s doing the most to clean up its economy. Coal prices as a result reached their highest in five years on Tuesday.

Gas futures…

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