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Creative destruction
21 Aug 2023 Leave a comment
in economic history, industrial organisation Tags: creative destruction
Lock Him Up! The Excitement over Trump in Prison is Tellingly Premature
21 Aug 2023 Leave a comment
Below is my column in USA Today on the growing excitement among pundits on the prospect that former President Donald Trump could be going to jail. The celebration is a tad premature. Indeed, Trump could be convicted before the election and not be sent to prison for years, if ever. The prospect of prison depends […]
Lock Him Up! The Excitement over Trump in Prison is Tellingly Premature
Why Wind & Solar ‘Transition’ Spells Inevitable Environmental Disaster
20 Aug 2023 Leave a comment
Spearing thousands of wind turbines into rural communities and carpeting them with endless seas of solar panels is only just the beginning. To connect those hopelessly intermittent power sources to market requires thousands of (otherwise unnecessary) kilometres of additional transmission lines. All of that environmental destruction could have readily been avoided had Australia simply maintained […]
Why Wind & Solar ‘Transition’ Spells Inevitable Environmental Disaster
Baby Busts and Bank Crashes: A Conversation with Demographer Nicholas Eb…
20 Aug 2023 Leave a comment
in applied price theory, economic history, financial economics, industrial organisation, international economics, macroeconomics, monetary economics, population economics Tags: baby bust, economics of banking
Benefit-cost analysis without the benefits or the analysis: How not to write Merger Guidelines
20 Aug 2023 Leave a comment
in applied price theory, history of economic thought, industrial organisation, law and economics
NEW PAPER ON SSRN: The wealth-creating engine of capitalism is the movement of assets to higher-valued uses. Our biggest and most valuable assets, and those with the greatest wealth-creating potential are corporations. Antitrust law and practice work to facilitate this movement, while deterring the types of mergers which substantially lessen competition. Previous iterations of the DOJ/FTC Merger…
Benefit-cost analysis without the benefits or the analysis: How not to write Merger Guidelines
Argentina should dollarize
19 Aug 2023 Leave a comment
Here is my Bloomberg column on that topic, here is the trickiest point: Another concern, more significant, is that dollarization would be a huge upfront cost to the government of Argentina: Someone would have to actually come up with all the dollars to serve as currency. Keep in mind, however, that the economy of Argentina…
Argentina should dollarize
Misleading Parliament
19 Aug 2023 Leave a comment
In my post on Thursday I commented briefly on the appearance by the Governor and his Chief Economist at Parliament’s Finance and Expenditure Committee. They tried to suggest to the Committee that to the extent there had been inflation forecast errors over the last year – responding to a question from Nicola Willis – that […]
Misleading Parliament
Washington’s ‘Whoo-Hoo’ Moment: Trump Indictment Coverage Borders on the Indecent
19 Aug 2023 Leave a comment
Below is my column in The Messenger on the celebrations after the fourth indictment of former president Donald Trump — and the dismissal of any concerns over the implications of these prosecutions for free speech. Some Democrats are warning that they need to avoid the public displays of joy. The danger is that Democrats just […]
Washington’s ‘Whoo-Hoo’ Moment: Trump Indictment Coverage Borders on the Indecent
Climate Hype Backfires on Greens
19 Aug 2023 Leave a comment
Mark Higgie reports Europe’s summer of climate hysteria in Spectator Australia. Excerpts in italics with my bolds and added images. But voters continue to move against the Green tide If the British weather were a person with bank accounts, it would by now likely find itself, like Nigel Farage, ‘de-banked’ for political incorrectness. While the […]
Climate Hype Backfires on Greens
California’s Subsidised Solar Onslaught Threatens Total Grid Collpase
19 Aug 2023 Leave a comment
Solar has plenty of friends when the Sun’s up, but it’s an orphan after Sunset. And it’s that point when solar-obsessed Californians smack into reality, with a very costly bang. Conventional generators – that were designed to run around-the-clock – get bumped off the grid as the output from solar panels peaks for a few […]
California’s Subsidised Solar Onslaught Threatens Total Grid Collpase
19 Aug 2023 Leave a comment
Cadorna Snatches Defeat From The Jaws of Victory I THE GREAT WAR Week 108
19 Aug 2023 Leave a comment
in defence economics, war and peace Tags: World War I
Texans Asked To Cut Electricity Use, As Wind Power Drops Off
18 Aug 2023 Leave a comment
By Paul Homewood h/t Dave Ward What a surprise!! https://twitter.com/ERCOT_ISO/status/1692212135005237465 Fortunately Texas still has plenty of gas generation: https://www.eia.gov/electricity/gridmonitor/dashboard/electric_overview/balancing_authority/ERCO
Texans Asked To Cut Electricity Use, As Wind Power Drops Off
Utopia, you are standing in it! 
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