David D. Friedman | Market failure
22 Apr 2019 Leave a comment
in applied price theory, applied welfare economics, comparative institutional analysis, constitutional political economy, David Friedman, economic history, economics of bureaucracy, economics of crime, economics of regulation, entrepreneurship, environmental economics, Gordon Tullock, income redistribution, industrial organisation, international economics, law and economics, personnel economics, property rights, Public Choice, public economics, rentseeking, survivor principle, theory of the firm Tags: market failure
Free to Choose by Milton Friedman: Episode “Created Equal” (Part 1 of transcript and video)
21 Apr 2019 Leave a comment
Liberals like President Obama (and John Brummett) want to shoot for an equality of outcome. That system does not work. In fact, our free society allows for the closest gap between the wealthy and the poor. Unlike other countries where free enterprise and other freedoms are not present. This is a seven part series.
Created Equal [1/7]. Milton Friedman’s Free to Choose (1980)
Uploaded by investbligurucom on May 30, 2010
In this program, Milton Friedman visits India, the U.S., and Britain, examining the question of equality. He points out that our society traditionally has embraced two kinds of equality: equality before God and equality of opportunity. The first of these implies that human beings enjoy a certain dignity simply because they are members of the human community. The second suggests societies should allow the talents and inclinations of individuals to unfold, free from arbitrary barriers. Both of these concepts…
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Fatal Attraction: America’s Big Freeze Reveals Deadly Danger of Unreliable Renewables
21 Apr 2019 Leave a comment
Relying on intermittent wind and solar requires a kind of blind faith that power might be delivered when needed most, such as the Big Freeze that hit America’s Mid-west last month, and the heatwave that hit Victoria and South Australia, the month before that.
On that score, STT’s post – Minnesota Madness: Big Freeze Exposes Wind & Solar’s Deadly Flaw – Hopeless Intermittency – must have hit a nerve. It went viral, with over 40,000 hits, so far.
Faced with the truly serious threat that comes with plunging temperatures, those who might have once entertained the idea of being ‘powered’ by sunshine and breezes, are probably a whole lot less inclined to risk their lives on the chaos that comes with wind and solar.
Let it be said that reliable and affordable power saves lives. The corollary being that not having electricity as and when it’s needed, puts lives…
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No Dice: Democrats ‘New Green Deal’ Nothing More Than Costly Fantasy
21 Apr 2019 Leave a comment
That we’re on the brink of an all wind and sun powered future is an audacious wheeze that sits at the heart of the ‘New Green Deal’.
Any sentient being, bothering to apply a little superficial consideration, understands that the claim that wind and solar will soon provide 100% of our electricity needs is complete and utter nonsense.
For those keen on an even deeper understanding as to why it’ll never work, here is a very thorough analysis by Mark Mills.
The “New Energy Economy”: An Exercise in Magical Thinking
Manhattan Institute
Mark P. Mills
26 March 2019
EXECUTIVE SUMMARY
A movement has been growing for decades to replace hydrocarbons, which collectively supply 84% of the world’s energy. It began with the fear that we were running out of oil. That fear has since migrated to the belief that, because of climate change and other environmental concerns, society can no…
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‘A gentleman but stumbling in here!’: an impostor in Richard Cromwell’s Parliament
20 Apr 2019 Leave a comment
In our latest post, Dr Patrick Little of the House of Commons 1640-1660 section revisits the Parliament of 1659, which opened in such confusion that its membership was unclear and a stranger could sit undetected – with disquieting implications…
On 8 February 1659 the journalist Gilbert Mabbott reported
the latest developments in Parliament to Henry Cromwell, the lord deputy of
Ireland based in Dublin. Among other news he included the brief statement that
the Commons ‘committed one King, a vintner in London, for sitting 3 days in
Parliament, he being no Member thereof’ (Henry
Cromwell Corresp. 447). What lay behind this extraordinary incident?
The protectorate Parliaments of the 1650s had seen
many MPs elected and then excluded by the Cromwellian regime, mostly notably in
1656, when as many as 98 of the 460 Members returned were kept out of the House
by order of the protectoral council. These…
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What do Extinction Rebellion want?
20 Apr 2019 Leave a comment
This video, produced by the The Sun, gives an overview of the gang green’s latest group of thugs, Extinction Rebellion. The group claims to be a peaceful movement but they have conducted acts of vandalism and are illegally blocking means of mass transportation such as bus routes and major highways which have resulted in hundreds of arrests. Extinction Rebellion also claims to have attempted to lobby parliament for policy changes but have been unsuccessful and are now resorting to outright force.
If you want to read more about these nihilistic hoodlum’s destructive efforts, you can do so here.
Victor Davis Hanson:. Why War?
20 Apr 2019 Leave a comment
Filed under: Domestic Policy, Foreign Policy, Freedom, History, Military, National Security, Politics, The United States | Tags: The Hoover Institution, The Study of War, What Starts Wars?
Especially right and necessary for Memorial Day, Victor Davis Hanson talks about War. Why do we have wars? What makes men start wars? How do you end a war? How can we avoid war? Is war simply natural to the human condition? Is there no hope? He spans the entire history of the wars of civilization and shows how the study of the history of war can be a torch to light our way through the darkness. Absolutely brilliant. It’s 20 minutes long and worth every minute.
Reposted from the same time last year.
Friedman Friday” Free to Choose by Milton Friedman: Episode “What is wrong with our schools?” (Part 1 of transcript and video)
20 Apr 2019 Leave a comment
Here is the video clip and transcript of the film series FREE TO CHOOSE episode “What is wrong with our schools?” Part 1 of 6.
Volume 6 – What’s Wrong with our Schools
Transcript:
Friedman: These youngsters are beginning another day at one of America’s public schools, Hyde Park High School in Boston. What happens when they pass through those doors is a vivid illustration of some of the problems facing America’s schools.
They have to pass through metal detectors. They are faced by security guards looking for hidden weapons. They are watched over by armed police. Isn’t that awful. What a way for kids to have to go to school, through metal detectors and to be searched. What can they conceivably learn under such circumstances. Nobody is happy with this kind of education. The taxpayers surely aren’t. This isn’t cheap education. After all, those uniformed policemen, those metal…
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Assisted dying: professor advises against snuffing reform today from fear of what legislators might do in the future
19 Apr 2019 Leave a comment
Otago law professor Andrew Geddis highlighted important realities about law-making in a response to Maxim Institute chief executive Alex Penk’s concerns about the End of Life Choice Bill currently awaiting a second reading in Parliament. T
Some of Penk’s concerns are misplaced, Geddis said. Others are missing some important context.
Penk’s article, headed MPs should examine facts on euthanasia, rather than crystal balls, notes that David Seymour’s End of Life Choice Bill – if it passes the parliamentary process – is likely to require a referendum at the 2020 general election.
In other words, the public will get to decide on the legalising of euthanasia and assisted suicide. This should take care of the doubts Penk raises about the extent of public support for voluntary euthanasia.
But another of Penk’s problems is that the public haven’t been given good information.
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Always remember the market test
19 Apr 2019 Leave a comment
in applied price theory, defence economics, economics of information, energy economics, entrepreneurship, industrial organisation, survivor principle Tags: cranks, entrepreneurial alertness

DNA Databases Deter Crime, Without Filling Prisons
19 Apr 2019 Leave a comment
in applied price theory, economics of crime, law and economics, occupational choice, politics - USA Tags: crime and punishment, criminal deterrence, law and order
That anti-fascist left is still absent without leave.
18 Apr 2019 Leave a comment
All I have argued, here and elsewhere, is that a left that no longer shows solidarity with the victims of totalitarianism–unless, of course, that totalitarianism can somehow be said to be the “fault” of the United States–is not a left worth having.
Nick Cohen: Writing from London
Todd Gitlin wrote a reply to my above review, which in my view missed every available point. You can decide for yourself by going to the Democracy site and searching for Gitlin.
Our exchange of letter in the current issue is below. Gitlin argues that he was criticised by Chomsky and the far Left in the Nineties and that excuses his uneasiness about showing solidarity with the victims of Islamo-fascism today. But that only goes to prove the argument I made in What’s Left? that extreme anti-western, anti-liberal ideas which began in obscure corners of the left in the Nineties, moved into the mainstream.
Anyway. Here is our exchange.
Issue #12, Spring 2009
Letters to the Editor
by Democracy Readers
Left, Right, Left . . .
Suppose officials in the Obama Administration are anxious to find ideas to guide America in a new direction. They might turn to Democracy and read Todd…
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Joseph Crampin: Precedent for Delaying Royal Assent: A Response to Professor Finnis
17 Apr 2019 Leave a comment
UK Constitutional Law Association
The ‘Cooper-Letwin Act’ (European Union Withdrawal (No 5) Act 2019) may yet come to be known as the constitutional crisis that wasn’t. But, the advocacy by some of the Government’s ability to advise the crown to refuse assent in order to legitimately prevent the Bill from becoming law has provoked significant debate. The object of this post is not to address the question of whether the Government can properly advise the Crown to refuse royal assent (among others: advocated by John Finnis, Robert Craig; rejected by Mark Elliott, Jeff King and Tom Poole). The aim is to address the slightly different issue, raised by Professor Finnis, that the ‘Lord Chancellor’ can legitimately withhold Bills from presentation to the Monarch (considered in terms of constitutional principle by Elliott and David Howarth). On this point, I suggest that Professor Finnis’s argument is constitutionally mistaken, as a matter…
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