Utopia, you are standing in it!

Marlo Thomas explains in his Real Clear Energy article Expensive Energy Is a Core Feature, Not a Bug, of Biden’s Climate Agenda.  Excerpts in italics with my bolds and added images.

The great Austrian economist Ludwig von Mises was being generous by describing interventionism’s nasty side-effects as “unintended.” Some younger interventionists are naïve, and know not what they do, but the older, street-smart captains of progressive politics understand the harms their policies entail. For them, the adverse consequences are features, not bugs.

The only downside is the risk of political retribution at the polls.

That’s the predicament in which the Biden administration now finds itself. It is also the theme of “Energy Inflation Was by Design,” a new report by supply-chain consultant Joseph Toomey.
[Synopsis is in previous post Energy Inflation Playbook]

President Biden and congressional Democrats want to replace fossil fuels with a “zero-carbon” energy system. Their

One aspect of the British Monarchy is hereditary succession. However, that is not the only rule governing the succession to the crown. There are laws controlling who can legally inherit the throne.

I often will see people claim that some descendant of either a King of England or a scion of the royal family is the rightful monarch of England or the United Kingdom due to hereditary succession. These claims mistakenly believe that hereditary descent is the main issue controlling the succession to the crown.

His Majesty, the King of the United Kingdom of Great Britain and Northern Ireland

In the beginning of the monarchy, in the times of the Anglo-Saxon period prior to the Norman Conquest, the throne was elective. Succession was governed by the Witan.

The Witan (lit. ’wise men’) was the king’s council in Anglo-Saxon England from before the seventh century until the 11th century. It was composed…

The renewable energy debacle in Germany means that it won’t axe its nuclear plants and is likely to start building more of them, like their French neighbours.

The French, of course, set the benchmark for generating clean, safe and reliable nuclear power; they’ve been doing so for nearly 60 years and still get over 75% of their electricity from their nuclear plants, and export large volumes of what they generate to power starved Germans and Brits.

Meanwhile, Australia sits as the only G20 Nation to not employ nuclear power. With the power pricing and supply catastrophe out in Europe, Australia’s legislated ban on nuclear power looks positively insane.

Australia holds the world’s largest uranium reserves and, despite its shifting policy of limiting the number of mines and states that have banned them, is the world’s third-largest uranium exporter. Happy to export it, but too dim to use it…

A conversation about the similarities and differences between taxes and social security contributions – my son is studying economics – prompted me to head off to the OECD website and get the data on total taxes and social security contributions as a share of GDP.

Here is what I found for 2021 (the OECD didn’t have this level of data for its Latin American members, and I omitted Ireland and Luxembourg, as their GDP numbers aren’t a suitable basis for these purposes).

That is the snapshot for the most recent year, 2021, and here is how New Zealand has compared to Australia and to the OECD median (countries in the first chart) for the period back to 1995 when the data are comprehensive.

To be honest, I was a little surprised. I guess time passes and impressions need updating from time to time: the story I had been walking around…

World energy markets keep defying the wind and solar cult’s prediction that coal’s days are over. The meme has it that ‘coal is dead’, but in reality it hasn’t suffered so much as a flesh wound.

Indeed, thermal coal prices are off the charts, with record demand driving record prices: Australian thermal coal prices hit $US$400 ($548 a tonne) in March, with prices still on the rise.

The black stuff remains critical because it does something that sunshine and breezes can never do; fed into coal-fired power plants (such as the Isogo HELE plant in Japan depicted above) it provides cheap and reliable power around-the-clock, irrespective of the weather. The reason that coal remains in constant (and indeed rising) demand is that simple.

The Australian’s Greg Sheridan picks up the thread below.

Coal is booming but you won’t hear about it at the ABC
The Australian
Greg Sheridan
3 October…

Because of her support for lower tax rates, I was excited when Liz Truss became Prime Minister of the United Kingdom.

Especially since her predecessor, Boris Johnson, turned out to be an empty-suit populist who supported higher taxes and a bigger burden of government spending.

But I’m not excited anymore.

Indeed, it’s more accurate to say that I’m despondent since the Prime Minister is abandoning (or is being pressured to abandon) key parts of her pro-growth agenda.

For details, check out this Bloombergreport, written by Julian Harris, about the (rapidly disappearing) tax-cutting agenda of the new British Prime Minister.

Westminster’s most hard-line advocates of free markets and lower taxes are looking on in despair as their agenda crumbles… When Liz Truss became prime minister just over five weeks ago, she promised to deliver a radical set of policies rooted in laissez-faire economics — an attempt to boost…

To be honest I was never a great fan of Charlie Chaplin. I was always more of a fan of the Laurel and Hardy type of humour. I find that Charlie Chaplin’s movies dated quite badly compared to the aforementioned Laurel and Hardy movies.

However there is one notable exception. There was one Chaplin movie that has stood the test of time. That movie of course is “the Great Dictator”, released on October 15,1940.

It is relevant now as it was in 1940.

The film is a satire on Adolf Hitler, played by the main character Adenoid Hynkel. The story is based on Hynkel looking exactly like “a Jewish barber”: both are played by Charles Chaplin. But it begins with a notice: “Any resemblance between Hynkel the dictator and the Jewish barber is purely co-incidental”

Chaplin spent two years developing the script and began filming in September 1939, six days…

Edgar Ætheling or Edgar II (c. 1052 – 1125 or after) was the last male member of the royal house of Cerdic of Wessex. He was elected King of English by the Witenagemot in 1066, but never crowned.

Edgar was born in the Kingdom of Hungary, where his father Edward the Exile, son of Edmund Ironside, had spent most of his life, having been sent into exile after Edmund’s death and the conquest of England by the Danish king Canute the Great in 1016.

His grandfather Edmund, great-grandfather Æthelred the Unready, and great-great-grandfather Edgar the Peaceful were all kings of England before Cnut the Great took the crown. Edgar’s mother was Agatha, who was described as a relative of the Holy Roman Emperor or a descendant of Saint Stephen of Hungary, but whose exact identity is unknown. He was his parents’ only son but had two sisters, Margaret…

Oct. 15, 2022: Most spacecraft try to avoid hitting the atmosphere. Lucy is about to do it on purpose. On Oct. 16th, NASA’s Lucy spacecraft will skim Earth’s atmosphere, passing only 220 miles (350 kilometers) above our planet’s surface. Near closest approach over Australia it will be visible to the naked eye glowing almost as brightly as a 1st magnitude star.

This is a gravity assist maneuver–the first of three required for Lucy’s complicated mission to visit 8 different asteroids. The slingshot will give Lucy the energy it needs to fly towards the asteroid belt and, its ultimate destination, the orbit of Jupiter.

Named for a hominid fossil found in 1974 in Africa, Lucy is on a mission to study a completely different kind of relic: the Trojan asteroids. These are primitive leftovers from the formation of our solar system, collected into swarms around two of Jupiter’s Lagrange…

They’re very old men, now — all in their ’90s — and very few in number. The world war killed almost one in two airmen from their ranks, and the 75 or so intervening years have taken almost all those who survived.

But the few living pilots, navigators, gunners, radio-men and “bomb aimers” (how the Brits labeled bombardiers) gathered for one more remembrance of their duty, the perils they faced and the “dirty” work of bombing the enemy’s cities from their “Lancaster” bombers in a new documentary from the folks who made “Spitfire.”

“Lancaster” is a wide-ranging appreciation of one of the finest aircraft of World War II, a graceful Rolls-Royce powered marvel that carried the heaviest payloads of the European theater as Britain’s instrument for “taking the war to Germany” for air raids — often at night — that leveled many a Germany city.

Although most of those interviewed…

1322 – Robert I the Bruce, King of Scotland defeats King Edward II of England at the Battle of Old Byland, forcing Edward to accept Scotland’s independence.

The Battle of Old Byland (also known as the Battle of Byland Abbey, the Battle of Byland Moor and the Battle of Scotch Corner) was a significant encounter between Scots and English troops in Yorkshire in on October 14, 1322, forming part of the Wars of Scottish Independence. It was a victory for the Scots, the most significant since Bannockburn.

Ever since Robert Bruce’s victory at the Battle of Bannockburn in 1314, the Scots had taken the initiative in the wars with England, raiding deep into the north of the country repeatedly and with comparative ease to attempt to force the English to the peace-table.

The English king, Edward II seemed incapable of dealing with the problem, distracted, as he often was, in…

The new Government is clearly in an almighty mess, but I’ll leave the political commentary to others. Here are some thoughts on the economics and the markets.

Let’s start by summarising what went wrong. The tipping point was the mini-Budget in September. The mistake here was not the Energy Price Guarantee, or the cancellation of the increases in National Insurance and Corporation Tax. After all, these measures had already been discounted by the markets. It was not even the absence of the usual OBR analysis. That omission was not a surprise, either.

Instead, investors were spooked by the unexpected announcements of the additional cuts in income taxes, and by Kwasi Kwarteng’s apparent doubling down on tax cuts on Sunday, despite the markets’ obvious and growing concerns about fiscal credibility.

It is just about conceivable that this storm could have passed. Many independent economic commentators initially welcomed the broad thrust of…

On August 11, 1586, after being implicated in the Babington Plot, Queen Mary I was arrested while out riding and taken to Tixall Hall in Staffordshire. In a successful attempt to entrap her, Walsingham had deliberately arranged for Mary’s letters to be smuggled out of Chartley. Mary was misled into thinking her letters were secure, while in reality they were deciphered and read by Walsingham. From these letters it was clear that Mary had sanctioned the attempted assassination of Elizabeth. Mary was moved to Fotheringhay Castle in a four-day journey ending on September 25.

On October 14, she was put on trial for treason under the Act for the Queen’s Safety before a court of 36 noblemen, including Cecil, Shrewsbury, and Walsingham.

Spirited in her defence, Mary denied the charges. She told her triers, “Look to your consciences and remember that the theatre of the whole world is wider than…

The Battle of Hastings was fought on October 14, 1066 between the Norman-French army of William II, Duke of Normandy, and an English army under the Anglo-Saxon King Harold II Godwinson, beginning the Norman conquest of England. It took place approximately 7 mi (11 km) northwest of Hastings, close to the present-day town of Battle, East Sussex, and was a decisive Norman victory. Senlac Hill (or Senlac Ridge) is the generally accepted location in which Harold Godwinson deployed his army for the Battle of Hastings. It is located near what is now the town of Battle, East Sussex.

The background to the battle was the death of the childless King Edward the Confessor in January 1066, which set up a succession struggle between several claimants to his throne. Harold Godwinson was elected by the Witan Council and crowned king shortly after Edward’s death, but faced invasions by William, his own…