Long Way to Run: Warren Buffet Rejects All-Renewable Future With $10 Billion Bet on Oil & Gas

stopthesethings's avatarSTOP THESE THINGS

Australian voters just shredded the notion that the proletariat is wedded to heavily subsidised and chaotically intermittent wind and solar.

Labor’s Bill Shorten sought to ram a 50% Renewable Energy Target down voter’s throats; a concept which the vast majority of them duly rejected.

Sure, there were plenty of other issues that sank the Green/Labor Alliance. However, it should be remembered that 2019 was billed as the ‘Climate Change Election’, with wind and solar pitched up as the only panacea to what has now become a ‘climate emergency’.

Pundits professed, with great certitude, the notion that the Australian public just can’t get enough intermittent, unreliable and unaffordable electricity. Well, that didn’t quite pan out. Bill Shorten slunk off the political stage, a wounded and embittered hero of renewable energy zealots and rent seekers, alike.

Another part of the meme was that the markets had already turned their back on fossil…

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A disgusting hit piece on Pinker in Current Affairs

whyevolutionistrue's avatarWhy Evolution Is True

Several readers sent me this hit piece on Pinker in Current Affairs, written by Nathan J. Robinson, a Ph.D. student at Harvard in sociology and social policy. He also happens to be the editor in chief of the magazine, which explains how this profanity-laced piece got published.

Click on the screenshot below to read it.  One person also sent it to me because I am quoted in it, though the quote is used in a misleading way (more below). I suggest you read it yourself, and compare Robinson’s characterization of Pinker with what you know of Steve’s last two books, The Better Angels of Our Nature and Enlightenment Now. For if you haven’t read either or both of those books, you won’t be able to judge Robinson’s jeremiad.

The title alone tells you where the piece is going. Regardless of what you think of Pinker, he’s…

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Bob Murphy The Free Market and Climate Change 2 of 3

Armstrong and Miller – Enlightenment – The Little Flowers

Bob Murphy The Free Market and Climate Change 1 of 3

Charles II: Anniversary of his birth and restoration.

liamfoley63's avatarEuropean Royal History

On this date in history: May 29, 1630. The birth of Charles II, King of England, Scotland and Ireland. On this date in history, May 29, 1660 the restoration of Charles II.

IMG_2272


The future Charles II was born at St James’s Palace on May 29, 1630. His parents were Charles I, King of England, Scotland and Ireland) and Henrietta Maria de Bourbon of France, the youngest daughter of Henri IV, King of France and Navarre and Marie de’ Medici. This made Henrietta Maria the sister of the French king Louis XIII and aunt of Louis XIV. Charles was their second child. Their first son was Charles James, Duke of Cornwall born and died on March 13, 1629.


Charles was baptized in the Chapel Royal, on June 27, 1630 by the Anglican Bishop of London, William Laud. The three kingdoms were experiencing great religious diversity at this time. England was predominantly…

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Subsidy Suckers: Britain’s Solar Industry Wallowing in Massive Subsidies, While Power Prices Rocket

stopthesethings's avatarSTOP THESE THINGS

The wind and solar industries exist for one reason, and one reason only: massive subsidies.

There’s a reason that holidaying Sun-seekers rarely put Britain on their bucket list. Dismally short days during bitter winters suggest that the UK would be one of the last places anyone would contemplate any serious reliance on solar power. And yet, thanks to £millions in subsidies, solar power in Britain is a thing.

Of course, those subsidies are picked up by taxpayers and power consumers who are facing rocketing power bills, without any hope of respite. And, of course, when the sun drops over the horizon, power consumers are forced to look elsewhere to keep the lights on and boil the kettle.

With the costs mounting, the extent of taxpayer largess has probably been milked for all it’s worth. But, as usual, the mere mention that subsidies might be cut sends rent seekers rabid.

Critics…

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Naomi Wolf and sharing our lanes

Anyone who is slightly curious would check on the meaning of the words death recorded. That is before the usual caution people should exercise when dealing with legal phraseology and with early 19th century English

Philip N. Cohen's avatarFamily Inequality

Bruce Stokes / https://flic.kr/p/dMG983

The other day, in response to the Naomi Wolf situation, I tweeted in response to Heather Souvaine Horn, an editor at the New Republic:

After which she invited my to submit an essay to the site. It’s now been published as: Learn the Right Lessons from Naomi Wolf’s Book Blunder: Expertise matters. But lane-policing is counterproductive.

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Income Inequality: The Role of Markets & Government Sam Peltzman 2017

Thomas Sowell is Back Again to Discuss His Book Wealth, Poverty, and Politics

The Irish crisis: Lessons for small central banks

Amol Agrawal's avatarMostly Economics

Patrick Honohan was the Governor of Central Bank of Ireland (2009-15) during the 2008 crisis which hit the economy badly. He has penned a book on his years at the central bank: Currency, Credit and Crisis Central Banking in Ireland and Europe.

He shares some lessons on voxeu.org:

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Economic failure: the reluctance to recognise the implications of extreme remoteness

New Zealand has always been small and remote so it is necessary to show the geographic factors are time varying for remoteness to be important to the productivity drop that started in 1973

Michael Reddell's avatarcroaking cassandra

As regular readers know, I tend not to be particular upbeat about the New Zealand economic story.  For anyone new, there should be a hint in the very title of the blog.  If, by chance, you are still attracted to an upbeat take, only last week in a post here I critiqued a recent book chapter taking that sort of view.

And so I was a bit surprised when, more than a year ago now, I was asked to write a chapter for a forthcoming book on aspects of policymaking, and associated outcomes, in a small state (this one).  In principle, the book sounded potentially interesting, and they were approaching a bunch of pretty serious and senior people to contribute.  But it wasn’t clear there was much in it for me, and since the plan was for the introduction or foreword to have been written by the head of the…

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Rothbard on Insider Trading

David Friedman on Triple V Voluntary Fractional Reserve Banking, Anarchy, Fiat currency

A Grand Gender Convergence: Its Last Chapter

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