How Don Lavoie Changed the Debate about Socialism
19 Mar 2019 Leave a comment
in applied price theory, Austrian economics, comparative institutional analysis, constitutional political economy, defence economics, economic history, entrepreneurship, history of economic thought, Marxist economics
A puzzle from David Friedman
18 Mar 2019 Leave a comment
in applied price theory, comparative institutional analysis, David Friedman, law and economics, property rights Tags: moral hazard

William Nordhaus: The Economics of Climate Change @jamespeshaw @Mfe_News
18 Mar 2019 Leave a comment
in applied price theory, applied welfare economics, development economics, energy economics, environmental economics, global warming, politics - USA Tags: carbon tax
Child Labor Was Wiped Out by Markets, Not Government
18 Mar 2019 Leave a comment
in applied price theory, development economics, growth disasters, growth miracles, labour economics, labour supply Tags: child labour, The Great Escape
Extremism and intelligence: NZ should not be shortsighted about the benefits of Five Eyes
17 Mar 2019 Leave a comment
As New Zealand grapples with the enormities of the Christchurch terrorist attack and their implications for the country’s diverse social fabric, security and law and order, some issues are paramount.
High on the list is the importance to NZ of the Five-Eyes intelligence network, no matter what some the government’s coalition partners might think. Five-Eyes has been forwarding significantly important information in recent months. Without it, NZ would be bereft.
For example, the presence of a noxious NZ Islamist in Iraq has been monitored carefully over several months, extending to the presence there of other New Zealanders, not extremists, working in various nursing and assistance roles in precarious situations.
None of this important information could be provided to the prime minister without Five-Eyes.
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David Friedman – As Engrenagens da Liberdade
17 Mar 2019 Leave a comment
in applied price theory, comparative institutional analysis, constitutional political economy, David Friedman, economic history, economics of crime, history of economic thought, law and economics, property rights, Public Choice
Europe’s Energy Crisis: Counting the Staggering Cost of Subsidising Unreliable Wind & Solar
16 Mar 2019 Leave a comment
Adding inherently unreliable and heavily subsidised wind and solar to your grid is a guarantee of rocketing power prices. Every place in the world that got serious about wind and solar is being belted with serious increases in electricity costs.
Wind and solar ‘powered’ Germany and wind ‘powered’ Denmark pay Europe’s highest power prices, by a mile, and prices in both cases are still climbing at double-digit rates.
Germany’s power market is in chaos, and its grid on the brink of total collapse.
The annual cost of the subsidies directed to wind and solar is colossal: the annual cost to British power consumers and taxpayers in the UK, alone, is in excess of £6,000,000,000.
In those European states which plugged in to wind and solar, power prices are more than 50% higher than those G20 members that didn’t.
Not that the EU boffins and bureaucrats are all that…
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Wonder if @NZComCom shared this conclusion back then about successful browser monopolization?
16 Mar 2019 Leave a comment
in applied price theory, Austrian economics, economic history, entrepreneurship, industrial organisation, law and economics, survivor principle Tags: competition and monopoly, creative destruction, natural monopolies

My @DomPost op-ed on how @nzdrug and @_chloeswarbrick might screw up marijuana legalisation
15 Mar 2019 Leave a comment
in applied price theory, economics of crime, economics of regulation, health economics, law and economics, politics - USA Tags: marijuana decrimilisation, offsetting behaviour, The fatal conceit, unintended consequences

Full version at http://www.stuff.co.nz/national/health/111279052/is-drug-legalisation-worse-than-the-status-quo?cid=app-android
Antitrust, Explained
14 Mar 2019 Leave a comment
in applied price theory, Austrian economics, industrial organisation, law and economics Tags: competition as a discovery procedure, competition law, creative destruction
Overheating About Global Warming
14 Mar 2019 1 Comment

Mar 13, 2019 Bjørn Lomborg writes about the overheated discourse that has children taking to the streets on the advice of adults who should know better. Overheating About Global Warming was published today at Project Syndicate. Excerpts in italics with my bolds and images.
Decades of climate-change exaggeration in the West have produced frightened children, febrile headlines, and unrealistic political promises. The world needs a cooler approach that addresses climate change smartly without scaring us needlessly and that pays heed to the many other challenges facing the planet.
Across the rich world, school students have walked out of classrooms and taken to the streets to call for action against climate change. They are inspired by 16-year-old Swedish activist Greta Thunberg, who blasts the media and political leaders for ignoring global warming and wants us to “panic.” A global day of action is planned for March 15.
Although the students’…
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Why is Pinker demonized?
14 Mar 2019 Leave a comment
The Chronicle of Higher Education has a new and longish article by Tom Bartlett about the character, achievements, and demonization of Steve Pinker. Click on the screenshot below to read it.
Let me give my own take on Pinker first. It’s no secret that I consider him a friend and admire him hugely. Among all those in the atheist-sphere with whom I’ve interacted, he’s the most empathic, the most intellectually productive, and the most thoughtful. Dawkins is a marginally better writer, but not by much. I’ve never seen Steve commit a shoddy act nor engage in ad hominem arguments. I’ve read nearly all his books (save the linguistic ones except The Language Instinct), and can’t find much to quibble with.
But people still dislike him—even hate him. This is puzzling to me as he’s a nice guy and can’t be accused of Misogyny and Nazism Through Tweeting. As best…
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New geologic evidence supports theory of major cosmic impact event about 12,800 years ago
14 Mar 2019 Leave a comment
Impact [image credit: karbalion.com]
This time, unusually, the new Younger Dryas evidence is from way below the equator, which they believe shows that ‘the Younger Dryas climatic onset was an extreme global event’.
When UC Santa Barbara geology professor emeritus James Kennett and colleagues set out years ago to examine signs of a major cosmic impact that occurred toward the end of the Pleistocene epoch, little did they know just how far-reaching the projected climatic effect would be, says Phys.org.
“It’s much more extreme than I ever thought when I started this work,” Kennett noted. “The more work that has been done, the more extreme it seems.”
He’s talking about the Younger Dryas Impact Hypothesis, which postulates that a fragmented comet slammed into the Earth close to 12,800 years ago, causing rapid climatic changes, megafaunal extinctions, sudden human population decrease and cultural shifts and widespread wildfires (biomass burning).
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