
Bugger all union wage premium
07 May 2021 Leave a comment
in applied price theory, labour economics, labour supply, unions Tags: union power, union wage premium

David D Freidman 2013 – Global Warming and Other Good Things in Our Future
07 May 2021 Leave a comment
in applied price theory, applied welfare economics, comparative institutional analysis, David Friedman, energy economics, environmental economics, global warming
The First British Royal Consort: Prince George of Denmark, duke of Cumberland
07 May 2021 Leave a comment
In the latest post for the Georgian Lords, Dr Charles Littleton considers the career of Prince George of Denmark, consort of Queen Anne, who proved an important support for one of Britain’s unfairly underrated sovereigns.
The recent tributes to HRH Prince Philip, duke of Edinburgh, have emphasized that, at 69 years, he was the longest-serving royal consort in British history, with an active life of public service in support of his wife, HM the Queen. He has been frequently compared to Queen Victoria’s husband, Prince Albert of Saxe-Coburg & Gotha. Far less well-known, however, is the first royal consort of a British queen – George, like the duke of Edinburgh a prince of the Danish royal line, who married Princess Anne, younger daughter of James, duke of York, in 1683.
Charles II provided the abiding impression of Prince George of Denmark with his observation, that ‘drunk or sober, there…
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Rocketing Power Prices & Grid Chaos: Germany’s Energy ‘Transition’ an Unmitigated Disaster
06 May 2021 Leave a comment
If the object of its renewable energy ‘transition’ was World’s highest power prices, it’s mission accomplished for Germany’s ‘Energiewende’.
More than 30,000 wind turbines and millions of solar panels have made Germany the wind and solar cult’s favourite pinup girl. But there is not so much enthusiasm for Germany’s ‘green’ energy turn amongst businesses forced to power down when solar panels are blanketed in snow and ice, wind turbines are frozen solid and breathless, frigid weather means Germany’s fleet of whirling wonders are delivering absolutely nothing, at all.
Nor are there many fans amongst the millions of Germans who are struggling with power bills and the hundreds of thousands living without access to power because they can no longer afford it.
An audit report recently released in draft is telling German households and businesses what they already know: Germany’s renewable energy ‘transition’ is an unmitigated disaster.
Germany Energy Taxes to…
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The measure of monopsony – Alan Manning
06 May 2021 Leave a comment
in applied price theory, labour economics, labour supply
State sector wage premium @TaxpayersUnion
06 May 2021 Leave a comment
in applied price theory, applied welfare economics, human capital, labour economics, labour supply, occupational choice, politics - New Zealand, poverty and inequality, unions Tags: compensated differentials

Free speech in Parliament challenged: Maori Party MPs press the Speaker to bar questions they regard as “racist”
06 May 2021 Leave a comment
The Speaker was reprimanded by the PM yesterday, in the aftermath of the furore generated when he accused a former parliamentary staffer – to whom he had previously apologised for claiming he was a rapist – of sexual assault.
Then he was chided by Maori Party co-leader Debbie Ngarewa-Packer for failing to stop “racist” questions being asked in Parliament.
Other than Hansard, the only account of this attempt to curb MPs’ right to speak freely in Parliament was a Newshub report headed Rawiri Waititi lashes out at ‘Māori bashing’ in Parliament as Jacinda Ardern challenges Judith Collins to say ‘partnership’
But to whom – we wonder – is the Speaker accountable?
To Members of Parliament, we would have thought, because they vote to elect the Speaker at the start of each new Parliament (after every general election).
This is the first task of every new Parliament once members have been…
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Counting the Staggering Cost of Biden’s Offshore Wind Power Plans: Power Costs Set to Double
05 May 2021 Leave a comment
With Joe Biden and the Squad in the White House, American power consumers should strap themselves in for a very wild ride. Under his plans to spear or anchor 10,000 or more giant industrial wind turbines into the seafloor off America’s Atlantic coast, it’s not just the marine environment and fishermen who will suffer the phenomenal cost of Biden’s trillion dollar boondoggle. Power consumers in the States are about to be treated to the kind of punitive power prices suffered by wind and solar powered Germans, Danes and South Australians.
Where the true and hidden costs of onshore wind power is staggering enough, the cost of generating electricity with wind turbines offshore is out of this world.
And, as is the case always and everywhere, it’s the power consumer the cops it in the neck.
Robert Bryce reports.
Lower- and middle-class Americans will pay a fortune for Biden’s wind-power plan
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Looming mismatch between ‘climate ambitions’ and availability of critical minerals as world pursues net zero goals
05 May 2021 Leave a comment
Cobalt mining in DR Congo [image credit: BBC]
Much more mining needed obviously, but that’s an energy-intensive industry in its own right. Awkward for carbophobes – how do they avoid chasing their own tails by creating more of the supposed problem they claim to be addressing?
– – –
Supplies of critical minerals essential for key clean energy technologies like electric vehicles and wind turbines need to pick up sharply over the coming decades to meet the world’s climate goals, creating potential energy security hazards that governments must act now to address, according to a new report by the International Energy Agency.
. . .
“Today, the data shows a looming mismatch between the world’s strengthened climate ambitions and the availability of critical minerals that are essential to realising those ambitions,” said the Executive Director of the International Energy Agency.
“The challenges are not insurmountable, but governments must give…
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David Friedman 2021 | Education
05 May 2021 Leave a comment
in applied price theory, comparative institutional analysis, David Friedman, economics of education
Unlocking the Potential of Post-Industrial Cities. An Urban Economics Discussion With Ed Glaeser
04 May 2021 Leave a comment
in applied price theory, comparative institutional analysis, economic history, economics of bureaucracy, environmental economics, human capital, income redistribution, industrial organisation, labour economics, labour supply, occupational choice, politics - USA, poverty and inequality, property rights, Public Choice, transport economics, urban economics
The Kapp–Lüttwitz Putsch, March 13–18, 1920
03 May 2021 Leave a comment

Walther von Lüttwitz
The major move by the right to overthrow the revolutionary government of the Soci left and replace it with a military dictatorship came during March 13–18, 1920 at Berlin. This was what has come down in German history as the Kapp Putsch, although his purely civilian part in it was not its most important factor. That belonged to a Regular German Army officer instead.
Gen. Walther von Lüttwitz
Gen. Walther Baron von Lüttwitz (February 2, 1859 to September 20, 1942) was born at Bodland near Kreuzberg in Upper Silesia, son of a head forest warden and levee overseer.
Commissioned an officer following his military training of 1878–87, von Lüttwitz graduated from the War Academy in 1890, serving at various postings during the next twenty-two years up to 1912, when he was appointed to the general staff at Berlin. His later commander, Imperial Crown Prince Wilhelm, described von…
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Consolation Humor: When Leftists Finally Understand Economics and Morality
03 May 2021 Leave a comment
I have three types of humor I periodically share.
Today, we’re going to venture into “consolation humor.” At least that’s the best term I can think of for the following two memes, both of which show what happens when leftists suddenly grasp reality.
In our first example, a woman learns that envy actually is a negative personality trait.
Maybe she’ll also learn at some point that spending other people’s money isn’t compassion (another person needs to learn that lesson as well).
In our second example, a young woman is bereft after learning that there isn’t a magic money tree to finance never-ending goodies from government.
Maybe she should watch this video as part of her therapy?
P.S. This great cartoon from Chuck Asay shows what happens when people don’t learn about scarcity.
Unlocking the Potential of Post-Industrial Cities: Investing in Startups with Arpit Gupta 4/6/21
02 May 2021 Leave a comment
in applied price theory, comparative institutional analysis, economics of bureaucracy, human capital, income redistribution, labour economics, labour supply, occupational choice, politics - USA, poverty and inequality, property rights, Public Choice, transport economics, urban economics Tags: affordable housing, zoning
THE COMING OF TYRANTS II
01 May 2021 Leave a comment

Jean-Bedel Bokassa, the self-proclaimed emperor of the Central African empire, after crowning himself in 1977.
The coronation took place on 4 December 1977 at the Palais des Sports ;, on Bokassa Avenue, next to the Université Jean-Bedel Bokassa. To the strains of Mozart and Beethoven, wearing a twenty-foot-long red-velvet cloak trimmed with ermine, Bokassa crowned himself and then received as a symbol of office a six-foot diamond-encrusted sceptre.
The spectacle of Bokassa’s lavish coronation, costing $22 million, in a country with few government services, huge infant mortality, widespread illiteracy, only 260 miles of paved roads and in serious economic difficulty, aroused universal criticism. But the French, who picked up most of the bill, curtly dismissed all such criticism. ‘Personally,’ said the French Cooperation Minister, Robert Galley, who represented Giscard at the coronation, ‘I find it quite extraordinary to criticise what is to take place in Bangui while finding the Queen…
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