The left doesn’t agree that freedom and equality are better, free speech is better, democracy is better, freedom of religion is better

Not all GDP measurement errors are greater than zero!

Notes On Liberty

Bryan Caplan is an optimist. He thinks that economists do many errors in estimating GDP (overall well-being). He is right in the sense that we are missing many dimensions of welfare improvements in the last half-century (see here, here and here). These errors in measurements lead us to hold incorrectly pessimistic views (such as those of Robert Gordon). However, Prof. Caplan seems to argue (I may be wrong) that all measurements problems and errors are greater than zero. In other words, they all cut in favor of omitting things. There are no reasons to believe this. Many measurement problems with GDP  data cut the other way – in favor of adding too much (so that the true figures are lower than the reported ones).

Here are two errors of importance (which are in no way exhaustive): household output and adjustments for household size.

Household Output

From…

View original post 593 more words

Fair point

Pathetically Pointless: Massive Increase in German Wind Power Capacity Adds Nothing to Power Output

STOP THESE THINGS

Adding wind power generating capacity is one occasion when ‘more’, truly means ‘less’. No matter how much of other people’s money gets spent spearing wind turbines all over the countryside, the result is the same: whether it’s 10,000 or 100,000 MW of available wind power capacity, when calm weather sets in, the combined output adds up to nothing.

Like pushing on string, eventually there is absolutely no return on the effort expended.

Germany is a case in point. No country went harder or faster, when it came to throwing its resources at heavily subsidised wind and solar.

Faced with rocketing power prices and a grid on the brink of collapse, instead of retreating, Germany has doubled down. However, as Pierre Gosselin explains, you wouldn’t know it from the paltry output being (occasionally) delivered.

Unreliable Power Source…Adding Capacity Does Little To Solve Germany’s Green Energy Power Gaps
No Tricks Zone

View original post 490 more words

Scalia on the advantages of originalism

Image

The shape of things to come

Didn’t China secretly negotiate an agreement announced with great fanfare by Obama to restrain its carbon emissions?

U.S. Supreme Court Justice Antonin Scalia

The Sopranos ~ Artie and Ralph on Borrowing Cash

Moneyball 2011, First pivotal scene – Peter Grant elaborates on baseball’s medieval thinking

Previous Older Entries

JONATHAN TURLEY

Res ipsa loquitur - The thing itself speaks

(macro)Economics live from London

Franck Portier's professional page

Catallaxy Files

Australia's leading libertarian and centre-right blog

Climate Audit

by Steve McIntyre

The Secret Barrister

Independent Blogger of the Year, The Comment Awards 2016 & 2017

Notes On Liberty

Spontaneous thoughts on a humble creed

StephenFranks.co.nz

A New Zealand lawyer, ex-MP, farmer and enthusiast for life opines on law, politics and the universe

Books & Boots

reflections on books and art

Legal History Miscellany

Posts on the History of Law, Crime, and Justice

The Dangerous Economist

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

Sex, Drugs and Economics

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

The Long Run

the EHS blog

The Undercover Historian

Beatrice Cherrier's blog

Vincent Geloso

Economics, History, Lots of Data and French Stuff

Climatism

Tracking Anthropogenic Climate Alarmism

Science Matters

Reading between the lines, and underneath the hype.

Point of Order

Politics and the economy

FREEcology

Libertarian environmentalism

Doc's Books

A window into Doc Freiberger's library

Newmark's Door

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

Media Myth Alert

Calling out media myths

Uneasy Money

Commentary on monetary policy in the spirit of R. G. Hawtrey

European Royal History

Exploring the History of European Royalty

Tallbloke's Talkshop

Cutting edge science you can dice with

Marginal REVOLUTION

Small Steps Toward A Much Better World

THE COLUMBOPHILE

The blog for those who LOVE Lieutenant Columbo...

The Risk-Monger

Let's examine hard decisions!

NOT A LOT OF PEOPLE KNOW THAT

“We do not believe any group of men adequate enough or wise enough to operate without scrutiny or without criticism. We know that the only way to avoid error is to detect it, that the only way to detect it is to be free to inquire. We know that in secrecy error undetected will flourish and subvert”. - J Robert Oppenheimer.

STOP THESE THINGS

The truth about the great wind power fraud

Trust, yet verify

Searching for the missing pieces of climate change communication

Roger Pielke Jr.

professor, author, speaker

commentisfreewatch.wordpress.com/

Promoting fair and accurate coverage of Israel

Economics in the Rear-View Mirror

Archival Artifacts from the History of Economics

Ideas

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

Velvet Glove, Iron Fist

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

Lindsay Mitchell

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

Alt-M

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

croaking cassandra

Economics, public policy, monetary policy, financial regulation, with a New Zealand perspective

%d bloggers like this: