Category Archives: applied price theory

What Monty Python can teach us about Extinction Rebellion

The Risk-Monger

Unless policy-makers act immediately, the planet will cease to be able to support human life in twelve years, three months and seven days … this event will happen on a Tuesday … after lunch.

No, that is not a skit from Monty Python but an approximation made by the latest virtue signalling publicity craze, Extinction Rebellion. This motley crew of eco-rednecks was founded in October, 2018 and quickly created a loose network from eco-conscious hippies to students on Easter break to antagonised aging Marxists. Together they have managed to show how social networks can be utilised to control an agenda with stunts that require limited funding, planning or intellectual coherence. The media, during a slow news cycle, are lapping up these attention whores who use the microphone and a myriad of intertwined social media accounts as acts of virtue signalling liberation.

There is one nagging question that won’t go away: Was…

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Friedman Friday:(“Free to Choose” episode 4 – From Cradle to Grave, Part 1 of 7)

The Daily Hatch

Friedman Friday:(“Free to Choose” episode 4 – From Cradle to Grave, Part 1 of 7)

Volume 4 – From Cradle to Grave
Since the Depression years of the 1930s, there has been almost continuous expansion of governmental efforts to provide for people’s welfare. First, there was a tremendous expansion of public works. The Social Security Act followed close behind. Soon other efforts extended governmental activities in all areas of the welfare sector. Growth of governmental welfare activity continued unabated, and today it has reached truly staggering proportions. Travelling in both Britain and the U.S., Milton Friedman points out that though many government welfare programs are well intentioned, they tend to have pernicious side effects. In Dr. Friedman’s view, perhaps the most serious shortcoming of governmental welfare activities is their tendency to strip away individual independence and dignity. This is because bureaucrats in welfare agencies are placed in positions of…

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The Sound of Silence: Iowa Farmers Cherish Peace & Quiet After Judge Shuts Down Wind Turbines


Anyone claiming that wind turbines are quiet has never lived with them in their backyards. A grinding, thumping cacophony of amplitude modulated low-frequency noise and infrasound is a daily misery for far too many rural residents.

Back in December last year, we reported on a group of Iowa farmers who took on a developer and won. A judge ordered the immediate destruction of three of these things that had been driving neighbours nuts for years: Iowa Farmers Claim Brilliant Victory: Judge Orders Immediate Destruction of Illegal Wind Turbines

Now, their tormentors are gone and locals are relishing the peace and quiet. Being able to hear birds chirping and the sound of their own voices is seen as a gift. Of course, hard-working country folk shouldn’t have been forced to suffer around-the-clock, sonic torture, in the first place. A man’s home is meant to be his castle, not a torture chamber.

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On Earth Day, Let’s Celebrate The Benefits Of Fossil Fuels!


Alex Epstein gives us a different perspective on fossil fuels in this video from Prager University.

The video below is Alex Epstein wading through the People’s Climate March in NYC last September.

When you watch the video you literally see how you are swimming against the current of public opinion when you don’t agree with their environmental ignorance.

In this article by Alex Epstein titled, Making The World A Better Place By Using More Fossil Fuels, he says, “Without exception, anyone who lives a modern life is directly or indirectly is using large amounts of fossil fuel energy – it is that ubiquitous.

Most people don’t understand that 87% of the energy they use comes from fossil fuels. They also don’t understand that plastics, ink, dyes, resins, tires, tar, lubricants, cloths, lipstick, and much more (see list here), are made from oil.

People who don’t…

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David Rose Attacks Attenborough’s “Flawed” Documentary


By Paul Homewood

I said the other day that the BBC might have gone too far with Attenborough’s pack of lies, and risked a backlash which would ultimately undermine their credibility on climate.

Well, the fightback has begun, with attack from David Rose:


One of the most talked-about programmes of the past week – a primetime documentary on BBC1 – featured two people many seem to regard as living saints.

One was the presenter, Sir David Attenborough, the other Greta Thunberg, the Swedish teenage activist inspiring climate change ‘school strikes’ in several countries, including Britain.

The film’s title was Climate Change: The Facts, and these, Sir David claimed, are now ‘incontrovertible’. The film’s message was so bleak it could have been made by Extinction Rebellion, the eco-anarchist protest group which has brought Central London to a standstill.

No one has done more to convey the marvels of the natural world…

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David D. Friedman | Market failure

Free to Choose by Milton Friedman: Episode “Created Equal” (Part 1 of transcript and video)

The Daily Hatch

Image Detail
 Milton Friedman and Ronald Reagan

Liberals like President Obama (and John Brummett) want to shoot for an equality of outcome. That system does not work. In fact, our free society allows for the closest gap between the wealthy and the poor. Unlike other countries where free enterprise and other freedoms are not present.  This is a seven part series.

Created Equal [1/7]. Milton Friedman’s Free to Choose (1980)

Uploaded by investbligurucom on May 30, 2010

In this program, Milton Friedman visits India, the U.S., and Britain, examining the question of equality. He points out that our society traditionally has embraced two kinds of equality: equality before God and equality of opportunity. The first of these implies that human beings enjoy a certain dignity simply because they are members of the human community. The second suggests societies should allow the talents and inclinations of individuals to unfold, free from arbitrary barriers. Both of these concepts…

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Fatal Attraction: America’s Big Freeze Reveals Deadly Danger of Unreliable Renewables


Relying on intermittent wind and solar requires a kind of blind faith that power might be delivered when needed most, such as the Big Freeze that hit America’s Mid-west last month, and the heatwave that hit Victoria and South Australia, the month before that.

On that score, STT’s post – Minnesota Madness: Big Freeze Exposes Wind & Solar’s Deadly Flaw – Hopeless Intermittency – must have hit a nerve. It went viral, with over 40,000 hits, so far.

Faced with the truly serious threat that comes with plunging temperatures, those who might have once entertained the idea of being ‘powered’ by sunshine and breezes, are probably a whole lot less inclined to risk their lives on the chaos that comes with wind and solar.

Let it be said that reliable and affordable power saves lives. The corollary being that not having electricity as and when it’s needed, puts lives…

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No Dice: Democrats ‘New Green Deal’ Nothing More Than Costly Fantasy


That we’re on the brink of an all wind and sun powered future is an audacious wheeze that sits at the heart of the ‘New Green Deal’.

Any sentient being, bothering to apply a little superficial consideration, understands that the claim that wind and solar will soon provide 100% of our electricity needs is complete and utter nonsense.

For those keen on an even deeper understanding as to why it’ll never work, here is a very thorough analysis by Mark Mills.

The “New Energy Economy”: An Exercise in Magical Thinking
Manhattan Institute
Mark P. Mills
26 March 2019

A movement has been growing for decades to replace hydrocarbons, which collectively supply 84% of the world’s energy. It began with the fear that we were running out of oil. That fear has since migrated to the belief that, because of climate change and other environmental concerns, society can no…

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‘A gentleman but stumbling in here!’: an impostor in Richard Cromwell’s Parliament

The History of Parliament

In our latest post, Dr Patrick Little of the House of Commons 1640-1660 section revisits the Parliament of 1659, which opened in such confusion that its membership was unclear and a stranger could sit undetected – with disquieting implications…

On 8 February 1659 the journalist Gilbert Mabbott reported
the latest developments in Parliament to Henry Cromwell, the lord deputy of
Ireland based in Dublin. Among other news he included the brief statement that
the Commons ‘committed one King, a vintner in London, for sitting 3 days in
Parliament, he being no Member thereof’ (Henry
Cromwell Corresp
. 447). What lay behind this extraordinary incident?

The protectorate Parliaments of the 1650s had seen
many MPs elected and then excluded by the Cromwellian regime, mostly notably in
1656, when as many as 98 of the 460 Members returned were kept out of the House
by order of the protectoral council. These…

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