The Sopranos – Tony Plans Carmine Lupertazzi Hit

Prescott on the GFC

Double Standards: Greens Run Silent on Wind Turbine Bird & Bat & Bug Slaughter

STOP THESE THINGS

The media went nuts when former Greens leader, Bob Brown turned on a wind farm in his backyard. Rampant hypocrisy, was just the first of the charges levelled at a man renowned for his hatred of reliable and affordable electricity.

In the result, the Liberal/National Coalition were very grateful that Dr Bob’s hatred of coal led him and his acolytes on a protest tour of Far North Queensland during the Federal election campaign in May, where Bob and a bunch of sandal wearing troglodytes railed against Adani’s proposed Carmichael mine.

Locals were ready to lynch him and his entourage (pubs refused to serve them beer) and, thanks to Bob’s job and economy wrecking stance, voters took their baseball bats to the heavily green tinged Labor party, returning the Coalition to Federal government.

The party that he founded, the Australian Greens enjoy enormous financial support from renewable energy rent seekers and…

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Reading Charles I. Plosser’s ‘Understanding real business cycles’

Peter Galbács - Intellectual Adventures in Mainstream Economics

Charles Plosser’s review paper entitled ‘Understanding real business cycles‘ is a must for all those interested in the modern theories of the business cycles. A major advantage of the paper that it is written in plain English, it has a well-organized structure and summarizes by giving a clear vision of future development. Some of the most important suggestions of the paper:

  1. Keynesian macro is not a theory judged by the modern choice-theoretic standards. Keynesian models had significant empirical success but failed to trace the macro-level back to solid microfoundations.
  2. The aim of general equilibrium modelling is to help us to understand the role played by optimization and equilibrating tendencies at the agent-level. It makes no sense to postulate a disequilibrium framework or market failures before understanding the contribution of a general macroeconomic equilibrium.  Large-scale fluctuations may be triggered even in the absence of market failures.
  3. RBC-theory has common…

View original post 240 more words

Tesla Electric Airplane; 60% of weight is the batteries

The Civil War, Part I: Crash Course US History #20

Could solar geoengineering counter global warming? | The Economist

Democracy in action is about access and influence

All of these social damage estimates are still small and smaller than the cost of the Zero Carbon Bill

Larry White (?) on the Minsky model of financial crises

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