
The power of tax smoothing
25 Apr 2022 Leave a comment
in applied price theory, defence economics, economic growth, entrepreneurship, fiscal policy, macroeconomics, public economics
Lynne Kiesling: The Smith Questionnaire 2020
25 Apr 2022 Leave a comment
in Adam Smith, applied price theory, history of economic thought
Transition to Bankruptcy: Europe’s Wind Turbine Makers Face Massive Financial Collapse
24 Apr 2022 Leave a comment
Europe’s wind turbine makers are in financial freefall; with subsidies slashed, demand for turbines has collapsed, input costs are soaring and their Chinese competitors are benefiting from their cheap and reliable supplies of coal-fired power. Oh, the irony!
The barely disguised panic in this article from ReCharge (one of Europe’s leading wind and solar propaganda outfits) suggests that Europe’s wind industry rent-seekers should be kept well away from sleeping pills and sharp objects, for the foreseeable future.
The nature of the wind industry’s implosion is spelt out in this quote from one of them: “the economics in the wind industry had been destroyed due to price pressures from competitive tenders coupled with a low visibility of wind capacity pipelines due to failed government policies.”
The “competitive tenders” are coming from China’s turbine makers, which enjoy power prices a fraction of those being suffered in Germany, thanks to an abundant supply…
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April 23, 1016: Death of Æthelred II, The Unready, King of the English
24 Apr 2022 Leave a comment
Æthelred II (c. 966 – April 23, 1016), known as the Unready, was King of the English from 978 to 1013 and again from 1014 until his death in 1016.
Æthelred was the son of King Edgar the Peaceful and Queen Ælfthryth, the daughter of Ealdorman Ordgar. Her mother was a member of the royal family of Wessex. The family’s power lay in the west of Wessex.
Ælfthryth was the first wife of an English king known to have been crowned and anointed as queen. She had two sons with Edgar, the ætheling Edmund (who died young) and King Æthelred the Unready. Ælfthryth was a powerful political figure and possibly orchestrated the murder of her stepson, King Edward the Martyr, in order to place her son Æthelred on the throne. She appeared as a stereotypical bad queen and evil stepmother in many medieval histories.
Æthelred came to the throne at…
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April 23, 1345: Founding of The Most Noble Order of the Garter
24 Apr 2022 Leave a comment
The Most Noble Order of the Garter is an order of chivalry founded by Edward III of England, Lord of Ireland in 1348. It is the most senior order of knighthood in the British honours system, outranked in precedence only by the Victoria Cross and the George Cross. The Order of the Garter is dedicated to the image and arms of Saint George, England’s patron saint.
Appointments are at the sovereign’s sole discretion and are usually in recognition of a national contribution, for public service, or for personal service to the sovereign. Membership of the order is limited to the sovereign, the Prince of Wales, and no more than 24 living members, or Companions. The order also includes supernumerary knights and ladies (e.g., members of the British royal family and foreign monarchs).
The order’s emblem is a garter with the motto Honi soit qui mal y pense (Middle French for…
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“Economic Policy and Growth of Nation” – by Prof. Finn Kydland
24 Apr 2022 Leave a comment
in applied price theory, budget deficits, business cycles, economic growth, economic history, Euro crisis, fiscal policy, global financial crisis (GFC), great recession, growth disasters, history of economic thought, labour economics, labour supply, macroeconomics, monetary economics, public economics, unemployment Tags: real business cycles
Ireland’s climate targets problem: livestock numbers need to be reduced, say analysts
23 Apr 2022 Leave a comment
Irish farm [image credit: climatenewsnetwork.net]
Yet another climate folly induced by arbitrary targets. As usual they conveniently forget that most of their so-called ‘greenhouse’ gas is water vapour, which depends on the temperature. There’s so little methane in the atmosphere it has to be measured in parts per billion, but alarmism has taken over.
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In order for legally binding climate targets to be met, and agricultural subsidies to be granted, the number of livestock on the island needs to go down says Buzz.
The size of herds both North and South of the border is being scrutinised. It is likely both cow and sheep herds on both sides of the border will need to be cut – and soon.
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Anti-Economics from the Economist
23 Apr 2022 Leave a comment
Since I just landed in London, it appropriate that today’s column will be based on an article in the U.K.-based Economist.
A recent issue of the magazine included an article lauding the Internal Revenue Service.
Why?
What could the bureaucrats have done to earn praise?
You’ll be amazed to learn that the Economist believes the IRS helped the economy by becoming a vehicle for income redistribution.
I’m not joking. Here are some excerpts from the article.
Despite its awful backlog, the irs has, from another perspective, had a very good pandemic. It has played a critical role in delivering support to Americans. And it has been surprisingly efficient at it. For each of the three rounds of stimulus payments, the irs was the conduit.
Within two weeks of Mr Biden’s signing of the stimulus bill in March 2021, for instance, it sent out $325bn via 127m separate…
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Democracy Watch Wishes that It Could Quit the Fixed-Date Election Law
23 Apr 2022 Leave a comment
Introduction
Democracy Watch touts itself as “the most effective and successful national citizen advocacy group in Canada at winning systemic changes to key laws since […] 1993.”[1] But it has certainly not met with success in its quixotic crusade against the true nature of Canada’s fixed-date election laws. On the contrary, Democracy Watch, the dissolution-chasing advocacy group undaunted by a series of judicial defeats, has now suffered its sixth rout since 2009 and has come one step closer to proving the colloquial definition of insanity as trying the same thing over and over and expecting different results. Justice Russel W. Zinn’s ruling in Democracy Watch et al. v Prime Minister of Canada et al. follows closely on the heels of Democracy Watch v New Brunswick (the Attorney General), where Justice E. Thomas Christie delivered Democracy Watch another embarrassing defeat on 29 October 2021.[2] The…
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Boris Johnson accused of misleading the public on the rising cost of green energy levies
22 Apr 2022 Leave a comment

Our Boris misleading? Where have we heard that one before? The government likes to pretend ‘green’ subsidies are doing people a favour and somehow saving the climate, but they aren’t.
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Net Zero Watch has accused the Prime Minister of being economical with the truth about the cost of renewable energy levies.
Speaking during his visit to India, Mr Johnson rejected growing calls for scrapping green levies on energy bills, claiming that renewable energy “has helped to reduce bills”.
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