Utopia, you are standing in it!

Celebrating humanity's flourishing through the spread of capitalism and the rule of law

Originally posted on STOP THESE THINGS:
Bill Shorten: ready to swing 50% RET wrecking ball. ? Australia’s renewable energy policy is already a disaster. But Labor’s Bill Shorten promises total catastrophe with his National 50% RET. In yesterday’s post, STT picked up on economic analysis put forward by Dr Brian Fisher, which provided a wake-up…

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Why did Milton Friedman win the Nobel Prize?

February 25, 2019

Mostly Economics

The  Committee awarded Milton Friedman the prize for his work on:

“fields of consumption analysis, monetary history and theory and for his demonstration of the complexity of stabilization policy.”

Profs. James Forder and  Hugo Monnery of University of Oxford (Balliol College) in this paper review the prize to Friedman. They say his work on consumption analysis and monetary history are well known. It is third one on stabilization policy which needs explanation:

The citation for Milton Friedman’s Nobel Prize of 1976 points to three contributions. In two cases, the principal works the Committee must have had in mind are easy to identify. The question of what was intended by the third – ‘his demonstration of the complexity of stabilization policy’ – is considered. It is argued that, contrary to what might be suspected, this does not refer to any work on the Phillips curve; but the work to which it does…

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Not me, Nordhaus: you can read his article here: https://t.co/IvDSlz7dDkSummary: Do nothing costs $134trDo smart tax: costs $20tr, reduce climate damages $50tr = $30tr benefitDo more (most campaigners): climate costs decline, policy costs increase much more, net loss $40tr+ pic.twitter.com/CbgZTeWLRj — Bjorn Lomborg (@BjornLomborg) January 27, 2019

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Originally posted on Why Evolution Is True:
The second issue that Andrew Sullivan takes up in his New York Magazine column this week is that of transgender athletes and transphobia. The inspiration for his piece was the actions of Martina Navatilova, an openly gay ex-athlete who was a friend of the LGBTQ community. That is,…

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