The Great Enrichment
04 May 2019 Leave a comment
in development economics, economic history, growth miracles, macroeconomics Tags: The Great Enrichment
About time: @RealSirTomJones and boy band concerts can proceed with a modicum of dignity (and David Cassidy can finally come out of hiding)
04 May 2019 Leave a comment
in discrimination, gender, law and economics, Music
From a Facebook page suspended for few months for hate speech
04 May 2019 Leave a comment
in transport economics Tags: free speech, road safety
Taxing marijuana
04 May 2019 Leave a comment
in economics of crime, health economics, law and economics, politics - USA, public economics Tags: marijuana decrimilization
So @TraceyMartinMP’s department told parliament there is no evidence of abuse of gender self-ID but didn’t do any research to check?! @Aniobrien
04 May 2019 Leave a comment
Batteries cannot make renewables reliable
04 May 2019 1 Comment
By Paul Homewood
An interesting analysis from David Wojick, originally published by CFACT:
Utilities are starting to experiment with adding batteries to wind and solar projects. These storage projects are feeding the mistaken belief that batteries can cure the intermittency that makes wind and solar unworkable as a reliable source of power.
The reality is that these battery projects are trivial in size compared to what would actually be needed to make wind or solar reliable. The cost of battery based reliability would actually be stupendous, far more than we could ever afford.
Here are some simple numbers to make the point. The reality would be far more complex, but the magnitude would not change much.
First comes the cost of utility scale battery facilities. This is much more than just the cost of the batteries. At utility scale these are large, complex facilities. Connecting all of the batteries involved…
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A History Lesson: Comparing Socialist East Germany vs Capitalist West Germany
04 May 2019 Leave a comment
Donald Trump is an incoherent mix of good policies and bad policies.
Some of his potential 2020 opponents, by contrast, are coherent but crazy.
And economic craziness exists in other nations as well.
In a column for the New York Times, Jochen Bittner writes about how a rising star of Germany’s Social Democrat Party wants the type of socialism that made the former East Germany an economic failure.
Socialism, the idea that workers’ needs are best met by the collectivization of the means of production… A system in
which factories, banks and even housing were nationalized required a planned economy, as a substitute for capitalist competition. Central planning, however, proved unable to meet people’s individual demands… Eventually, the entire system collapsed; as it did everywhere else, socialism in Germany failed. Which is why it is strange, in 2019, to see socialism coming back into German mainstream politics.
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