From Big Ideas in Macroeconomics: A Nontechnical View By Kartik B. Athreya

From https://books.google.co.nz/books?id=UVRfAgAAQBAJ&pg=PA392&lpg=PA392&dq=Kartik+B.+Athreya,+Big+Ideas+in+Macroeconomics:+A+Nontechnical+View+pdf&source=bl&ots=aD-lDLEyoW&sig=ACfU3U16Z_4xp5GhWCyY4XTqsw8qHgFzhQ&hl=en&sa=X&ved=2ahUKEwj83-zu5sfjAhVOfysKHTBaCEc4ChDoATAGegQICBAB#v=onepage&q=Kartik%20B.%20Athreya%2C%20Big%20Ideas%20in%20Macroeconomics%3A%20A%20Nontechnical%20View%20pdf&f=false

Scott Freeman and Bruce Champ on bank risk and deposit insurance

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Alan Manning does his best to argue that monopsony is not a pejorative word nor grounds for minimum wage rises

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Classic TV: Special Branch – George Sewell, Patrick Mower,Roger Rowland – S03 E06

adamsmith1922's avatarThe Inquiring Mind

Episode 1 and 2 seem to be missing

Special Branch is a British television series made by Thames Television for ITV and shown between 1969 and 1974. A police drama series, the action was centred on members of the Special Branch anti-espionage and anti-terrorist department of the London Metropolitan Police.

The first two series were shot mainly in a studio on videotape with filmed location inserts; a standard method of the time but one which suffered from jarring differences in picture quality between interior and exterior scenes. The location scenes of some episodes were shot on outside broadcast cameras, leading to smoother transitions between location and studio work for those episodes. Series 1 and 2 starred Derren Nesbitt as Detective Chief Inspector (DCI) Jordan, working to Detective Superintendent Eden (Wensley Pithey) and subsequently Det. Supt. Inman (Fulton Mackay). The episodes featuring Eden (the first nine…

View original post 179 more words

Why and how geographic differences matter in economic well-being?

Amol Agrawal's avatarMostly Economics

Superb interview of University of California, Berkeley economist Enrico Moretti.

He explains why despite the internet people continue to work in select concentrated locations:

EF: During perhaps the first decade or so of the World Wide Web, there were numerous predictions that geography would disappear or almost disappear as an issue in knowledge work. It seemed as if white-collar workers, if one believed the predictions, would be able to work from anywhere.

Moretti: Yes.

EF: What happened?

View original post 937 more words

The Myth of the Rational Voter | Bryan Caplan & Will Wilkinson

Thomas Sowell On the Myths of Economic Inequality

The Elephant's Child's avatarAmerican Elephants

It’s Sunday, so perhaps you have more time to watch a little longer intellectual discussion of capitalism and freedom from Thomas Sowell, brilliant as usual. A splendid commentary on the general conversation out there today.

Sowell discusses his early life as a high school dropout and his first full-time job as a Western Union messenger delivering telegrams. He admits to flirting with Marxism in his early twenties as he first tried to grapple with the housing inequality he saw across the neighborhoods of New York City. Marxism, he says, was the only explanation he could find at the time. He went on to serve in the Marine Corps before continuing his education in economics at Harvard and earning a master’s at Columbia and a PhD at the University of Chicago.

Sowell’s first job after his receiving his PhD in economics was working for the Department of Labor, and he says…

View original post 77 more words

Germany’s Energy Future Looks Bleak

Zimbabwe’s inflation and economic mismanagement impacts its cricket..

Amol Agrawal's avatarMostly Economics

International Cricket Council has suspended Zimbabwe as its member:

Zimbabwe have been suspended from the ICC with immediate effect. ICC funding to Zimbabwe Cricket has been frozen, and representative teams from Zimbabwe will not be allowed to participate in any ICC events while under suspension, making Zimbabwe’s participation in the Women’s T20 World Cup Qualifier in August and Men’s T20 World Cup Qualifier in October highly unlikely.

After several rounds of meetings in London this week, the ICC Board unanimously decided that Zimbabwe Cricket was in breach of Article 2.4 (c) and (d) of the ICC Constitution, and that the actions of the Sports and Recreation Commission (SRC) in suspending the board in June constituted government interference in Zimbabwe Cricket’s affairs.

“We do not take the decision to suspend a Member lightly, but we must keep our sport free from political interference,” ICC Chairman Shashank Manohar said. “What has happened…

View original post 646 more words

Hyper-Hypocrites: Greens Love Wind Power – In Your Backyard – But Never In Theirs

Did it occur to Brown that this opposition would completely discredit him

stopthesethings's avatarSTOP THESE THINGS

Don’t let Bill McKibben’s red T-Shirt fool you…

Fascism comes in all shades, including ‘green’. Marching around and telling other people what to do, makes the green fascist no different than the jackbooted kind, of old.

Where the green fascist differs, is in his ability to pontificate from the high moral ground, while engaging in every act he so vocally despises.

Which brings us to Bob Brown.

Dr Bob has called in an airstrike in his own position, with the media having a field day with his very sudden about face on wind power.

The former head honcho for the Australian Greens is now guilty of precisely the charge he’s been laying at the feet of oppressed rural folk for years.

Bob and his ilk scream N-I-M-B-Y whenever ordinary Australians jack up about the idea of having a few hundred 300 tonne plus, 270 m whirling wonders speared into their…

View original post 2,590 more words

Paul Krugman on virtue signaling over sweatshop labour in export industries in poor countries

From https://slate.com/business/1997/03/in-praise-of-cheap-labor.html

Global energy demand to double by 2050 

oldbrew's avatarTallbloke's Talkshop


While many richer countries play fake climate games with their so-called ‘virtue signalling’ energy policies, the not-so-well-off majority try to get more access to those same power sources which are so necessary for better living conditions, e.g. air conditioning in hotter countries, and for general prosperity and health: more schools, hospitals, roads and all the rest.

Global power consumption will more than double over the next 30 years, says The Global Warming Policy Forum (GWPF).

Global oil and gas demand will respectively surge 22% and 66% from 2020 to 2050. There’s an unimaginable urbanization boom occurring around the world that means more energy use.

We, of course, don’t see much of it here in the West, but global cities swell in population by some 80 million people every year: e.g., the rise of the “megacity” with 10 million residents.

Basically all population growth in the decades ahead will take…

View original post 572 more words

NYT Does More Weird Science: Heat Waves

Ron Clutz's avatarScience Matters

Ronald Bailey writes at Reason The New York Times Says Heat Waves Are Getting Worse. The National Climate Assessment Disagrees. Excerpts in italics with my bolds.

Americans east of the Rockies are sweltering as daytime temperatures soar toward 100 degrees or more. It is now customary for journalists covering big weather events to speculate on how man-made climate change may be affecting them, and the current heat wave is no exception. Take this headline in The New York Times: “Heat Waves in the Age of Climate Change: Longer, More Frequent and More Dangerous.”

As evidence, the Times cites the U.S. Global Change Research Program, reporting that “since the 1960s the average number of heat waves—defined as two or more consecutive days where daily lows exceeded historical July and August temperatures—in 50 major American cities has tripled.” That is indeed what the numbers show. But it seems odd…

View original post 285 more words

Common Sense & Thomas Sowell – by Amanda S. Green

Sarah A. Hoyt's avatarAccording To Hoyt

Common Sense & Thomas Sowell – by Amanda S. Green

Say the name Thomas Sowell to many liberals and you will quickly see them searching for ways to condemn him. He’s a well-respected, extremely well-educated person of color (to use the term du jour) who refuses to be a victim. Worse, he refuses to parrot the party line. Instead, he looks at history. He studies the facts. Then—gasp—he applies common sense. How dare he do anything but fall into whatever pre-ordained category they want to shuffle him off into.

Another reason the Left would dearly love to silence him is because his writing is easily readable by just about anyone. Don’t get me wrong. He can write an academic paper or book to rival anyone. But he can also take a serious topic and write about it in such a way the average person can not only understand the facts—and…

View original post 1,609 more words

The National Climate Assessment Disagrees With NYT That Heatwaves Are Getting Worse

gjihad's avatarGreen Jihad

At least in the lower 48 states.

RONALD BAILEY | 7.19.2019, Reason

Americans east of the Rockies are sweltering as daytime temperatures soar toward 100 degrees or more. It is now customary for journalists covering big weather events to speculate on how man-made climate change may be affecting them, and the current heat wave is no exception. Take this headline in The New York Times: “Heat Waves in the Age of Climate Change: Longer, More Frequent and More Dangerous.”

As evidence, the Times cites the U.S. Global Change Research Program, reporting that “since the 1960s the average number of heat waves—defined as two or more consecutive days where daily lows exceeded historical July and August temperatures—in 50 major American cities has tripled.” That is indeed what the numbers show. But it seems odd to highlight the trend in daily low temperatures rather than daily high temperatures.

View original post 33 more words

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