Stigler on cartel instability

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Nozick on casino capitalism

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Summary Of UK Air Pollutants – 2018

Climate campaigners win Heathrow expansion case

oldbrew's avatarTallbloke's Talkshop


Climate paranoia has hit the UK courts big-time. It now seems illegal not to obsess over trace gases in the atmosphere, due to the Paris climate agreement.

Heathrow Airport’s controversial plans to build a third runway have been thrown into doubt after a court ruling, reports BBC News.

The government’s Heathrow’s expansion decision was unlawful because it did not take climate commitments into account, the Court of Appeal said.

Heathrow said it would challenge the decision, but the government has not lodged an appeal.

The judges said that in future, a third runway could go ahead, as long as it fits with the UK’s climate policy.

View original post 81 more words

US Gas Crushes Wind and Solar

Ron Clutz's avatarScience Matters

Jude Clemente reports at Forbes The Obvious Reality Of More U.S. Oil And Natural Gas
Excerpts in italics with my bolds.

Natural gas overwhelmingly dominates the U.S. electric power system, double second place coal. Gas is cleaner, cheaper, more flexible, and more reliable. Gas will supply over 40% of our power this summer and is racing toward being 50% of total generation capacity. Just think about the scale of that. For every 10o power plants in America that create electricity, 50 of them will run on natural gas (see Figure above). Further, the International Energy Agency has specifically credited the rise of gas in our power system as the reason why we are slashing CO2 emissions faster than any other country ever.

Understanding this reality, we must continue to resist growing “energy unrealism.” More bluntly, a fracking ban would be the worst policy for American economic, energy, and environmental security…

View original post 492 more words

How students, academics, artists and galleries help to create a globalised, woke discourse which alienates ordinary people and hands political power to the Right

Simon's avatarBooks & Boots

‘As polls have attested [traditional Labour voters] rejected Labour because it had become a party that derided everything they loved.’
(John Gray in The New Statesman)

As of January 2020, Labour has 580,000 registered members, giving it the largest membership of any party in Europe, and yet it has just suffered its worst election defeat since 1987. How do we reconcile these contradictory facts?

Trying to make sense of Labour’s catastrophic defeat in the 2019 General Election has prompted a flood of articles and analyses, most of which rightly focus on the distorting effects of Brexit. But I was fascinated to read several articles, by writers from the Left and the Right, which also attribute the defeat to more profound changes which have taken place in the Labour Party itself, that:

  • The decline of the traditional, manual-labouring working class, the decline in Trades Union membership and the increasing diversity…

View original post 4,976 more words

Sargent on taxes and rational expectations

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CLIMATE CRISIS UNEARTHED : Adelaide’s Temperature Rose Above 38°C Fourteen Times In January (1908)

Jamie Spry's avatarClimatism

Calling It a Crisis and Covering It Like One - Public CitizenCalling It a Crisis and Covering It Like One – Public Citizen


“PEOPLE have been imagining that the climate is changing,
exaggerating every weather event, getting widespread press coverage,
and blaming it on man – for as long as there have been newspapers.”
Tony Heller
Climate Change Insanity Never Changes

“IT is fortunate for the community’s peace of mind
that the Commonwealth Meteorological Office [BoM] exists as a
corrective to scare mongeringand shameless prophecy.”
Mr. E. Bromley : Commonwealth Meteorological Office (BoM) 1923

***

DEEP within human nature there are certain types of people who yearn for catastrophe. They yearn to have significance in their lives believing that theirs is the time when the chickens are coming home to roost and everything is going to go tits up.

THE biggest selling environmental books in history, predict the mass destruction of the planet. Rachel Carson’s 1962 international bestseller

View original post 1,690 more words

Why Extinction Rebellion should stay off the grass

julianhjessop's avatarPlain-speaking Economics

In their latest stunt, protestors from Extinction Rebellion have dug up the lawn at Trinity College, Cambridge. Presumably they think all publicity is good publicity, but this looks like yet another own goal.

Trinity appears to have been targeted for two reasons, both stupid. One is opposition to the college’s involvement in plans to redevelop farmland in Suffolk. Protestors don’t like the idea that this land might be used to build new homes, or a new logistics site (aka lorry park) that would ease congestion at the port of Felixstowe. As it happens, both options sound good to me. But we have a planning system to thrash out these issues, without the need to trash a garden.

The second reason is that Trinity is believed to be the largest Oxbridge investor in oil and gas companies, using the income to educate young people and fund research into, among other things…

View original post 382 more words

Alan Manning on testing for monopsony power

From https://books.google.co.nz/books?id=dnEq_8LXCcQC&printsec=frontcover&dq=alan+manning+test+monopsony&hl=en&sa=X&ved=0ahUKEwiYubWZru7nAhWn6nMBHX76DeoQ6AEIKDAA#v=onepage&q=alan%20manning%20test%20monopsony&f=false

A methodological trip-wire for macroeconomic theories

From https://www.jstor.org/stable/2978669?seq=1

Cost Of Net Zero Will Be ‘Astronomical,’ New Reports Warn

February 23, 1848: Abdication of Louis Philippe, King of the French

liamfoley63's avatarEuropean Royal History

The 1848 Revolution in France, sometimes known as the February Revolution was one of a wave of revolutions in 1848 in Europe. In France the revolutionary events ended the July Monarchy (1830–1848) and led to the creation of the French Second Republic.

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Louis Philippe I (October 6, 1773 – August 26, 1850) was King of the French from 1830 to 1848. As Duke of Chartres he distinguished himself commanding troops during the Revolutionary Wars but broke with the Republic over its decision to execute King Louis XVI.

His father was Louis Philippe II, Duke of Orléans and his mother was Louise Marie Adélaïde de Bourbon. As a member of the reigning House of Bourbon, he was a Prince of the Blood, which entitled him the use of the style “Serene Highness”. His mother was an extremely wealthy heiress who was descended from Louis XIV of France through a legitimized line…

View original post 998 more words

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What can BBC audiences expect if the ‘Great Return March’ returns?

Hadar Sela's avatarBBC Watch

The Jerusalem Post’s Khaled Abu Toameh reports that Palestinian factions in the Gaza Strip intend to renew the ‘Great Return March’ rioting (which was suspended in December) next month.

“Maher Muzher, a member of the Commission of the Great March of Return, a group consisting of various Palestinian factions in the Gaza Strip, said on Saturday that the organizers are planning mass demonstrations near the border with Israel on March 30 to commemorate the second anniversary of the weekly protests, which also coincides with Land Day. […]

Recently, the organizers of the weekly protests decided to change the group’s name to The National Commission for the Great March of Return and Confronting the Deal, reference to US President Donald Trump’s recently unveiled plan for Mideast peace.

Muzher said that work has begun to prepare for the mass demonstrations. “We will continue to work towards mobilizing a large number of people…

View original post 541 more words

Fama on a fiscal stimulus

From https://famafrench.dimensional.com/essays/bailouts-and-stimulus-plans.aspx

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