Is it Humane to be a Socialist?
13 Jan 2019 Leave a comment
in applied price theory, development economics, economic history, history of economic thought, income redistribution, Marxist economics, Public Choice Tags: Deirdre McCloskey, The Great Enrichment
Eugene Fama- Efficient Markets and Asset Pricing Risk Return
13 Jan 2019 Leave a comment
in applied price theory, entrepreneurship, financial economics Tags: efficient markets hypothesis
GREEN JOBS : Helicopter De-Icing For Wind Turbines
12 Jan 2019 Leave a comment
WATCH…
“Only two things are infinite; the universe and human stupidity.” – Albert Einstein
THE entire rationale for wind turbines is to stop global warming climate change by reducing the amount of CO2 being returned to the atmosphere from the burning of fossil fuels.
THE energy required for a helicopter to de-ice all the blades on a wind farm must outweigh any supposed saving in CO2 by a factor of 100 or more. Notwithstanding that no wind farm has saved a gram of CO2 due to construction and the necessary spinning reserve.
THE attached picture, taken from a wind farm in Sweden, is a metaphor for the complete insanity of the mad rush into useless UNreliables – wind and solar. Symbolic ‘energy’ gestures to the folly of ‘green’ madness that fail both physically and financially wherever installed.
THIS one photo alone sums up the collective era of eco-stupidity that we…
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An Israel elections story that falls outside BBC framing
11 Jan 2019 Leave a comment
Although the BBC has still not got round to producing much coverage of the general election to be held in Israel on April 9th there is no shortage of news on that front.
The Joint Arab List – which featured in the corporation’s coverage of the previous election and was described by one commentator as a “glimmer of hope”– has lost one of its four component parties.
“The Knesset approved a request on Wednesday by MK Ahmad Tibi’s Ta’al (Arab Movement for Change) party to withdraw from the Joint Arab list.
Tibi announced on Tuesday that he would leave the Joint List ahead of the April 9 election, and that his party will run independently. […]
Tibi’s request was filed days after controversial Joint List MK Haneen Zoabi, Balad MK Jamal Zahalka and United Arab List MK Masud Gnaim confirmed that they will not run in…
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Staggering Cost of Ontario’s Disastrous Wind Power Experiment
11 Jan 2019 Leave a comment
Like South Australia, Ontario is another place where ideologues destroyed a perfectly reliable and thoroughly affordable electricity supply. In both cases the economic consequences have been a disaster.
Its Liberal Government under Kathleen Wynne took the insanity to new levels, and Ontario will be paying the price, for generations to come.
Wynne and her band of acolytes were shown the door, after an electoral drubbing at the hand of Doug Ford and his Progressive Conservatives back in June.
Ford reduced the Liberals to a sullen rump, after running on a platform that made no secret of his hostility to heavily subsidised and completely chaotic wind power.
Ford promised to scrap the Green Energy Act, put in place by Wynne’s Liberals, that was primary source of a raft of unnecessary economic and social damage.
Here’s a couple of pieces detailing the staggering costs attached Wynne’s wind power obsession.
Green Energy Act…
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Heather MacDonald Explains the “Diversity” Fraud!
11 Jan 2019 Leave a comment
If you wonder why some new college graduates seem a little under-educated, you can blame it on the “social justice” people, and their loony ideas. There is no such thing as “social justice” and “Diversity” is bunk. The diversity that matters is diversity of ideas, freedom of thought, but that is not what they are after. They want conformity, they want you to fall in line, do as they say, and vote for them and all their rotten ideas.
Heather MacDonald is a national gem. She researches the stupid ideas, and applies logic. Something the Left fears.
p.s. Why do you think the publicity hog, gun banner David Hogg got accepted to Harvard with lower SAT scores than are the norm for those who are admitted? Harvard is already being sued because they block Asian students for having too high SAT scores.
Guardian characterisation of Angela Davis as a “civil rights activist” is absurd
11 Jan 2019 Leave a comment
Here are the opening paragraphs of a Jan. 8th Guardian article (Angela Davis ‘stunned’ by decision to rescind civil rights award):
The veteran civil rights activist Angela Davis said she was “stunned” by the decision of Alabama’s Birmingham Civil Rights Institute to revoke an award she was set to receive.
The institute announced in October that Davis, a Birmingham native, would receive the Fred Shuttlesworth Human Rights award, calling her “one of the most globally recognized champions of human rights, giving voice to those who are powerless to speak”.
But last week, the organization reversed course and said she does not meet the criteria after all, in an apparent response to objections over her outspoken support of the Boycott, Divestment and Sanctions movement that protests against Israel’s treatment of Palestinians.
….
Davis, who was an active member of the Black Panther party, the Student Nonviolent Coordinating Committee and the…
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Financial Times Oslo obituary omits Palestinian rejection of peace offers
11 Jan 2019 Leave a comment
Financial Times contextualises their Jan. 4threview of two recent books (Preventing Palestine, by Seth Anziska, and Bibi: The Turbulent Life and Times of Benjamin Netanyahu, by Anshel Pfeffer) by maintaining that Netanayhu and Menachem Begin are “two rightwingers who prevented a viable Palestinian state”.
Here are relevant passages from the review:
Netanyahu’s is a political career seemingly launched with one goal: preventing a viable Palestinian state.
Netanyahu may disagree but his most visible impact on modern Israel is that 25 years after Oslo was signed, no Palestinian state has taken form.
…
In Anziska’s deeply researched book, the idea of a negotiated path to a viable Palestinian state was first betrayed at Camp David in the late 1970s, when US president Jimmy Carter, Menachem Begin, Israel’s rightwing prime minister, and Egyptian president Anwar Sadat brokered the accord that brought a lasting peace between Egypt and…
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How do we decide what environmental goals to fund?
10 Jan 2019 Leave a comment
If $10 million magically appeared and you got to decide how to allocate it between several environmental goals, how would you do it? Would you spend the money preserving open space? Cleaning up a watershed? Restoring habitat? Or a mix of these and other goals?
This thought experiment encourages you to consider tradeoffs. If funds are limited—as they always are—difficult choices between competing, laudable goals are inevitable. Who makes these choices and how can, in large part, dictate outcomes, for better or worse.
For instance, scholars have long observed that federal funding for endangered species has strongly favored charismatic megafauna, like wolves, bears, and other popular species. More obscure species—especially insects—don’t win this popularity contest. The federal government’s appetite to fund recovery efforts has always been limited, so allocating too much to one species necessarily reduces funds available for another that may need it more.
Last week, biologists working with…
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Prospecting for conservation: federal mining law encourages environmental conflict rather than free-market negotiation
10 Jan 2019 Leave a comment
After President Trump reduced the size of Utah’s Bears Ears National Monument, environmentalists feared the lands would be opened up to environmentally destructive mining. However, in the first six months, only one claim had been staked, a protest claim by public lands activists.
The conflict over mining in the former lands of Bears Ears is just the latest high-profile example of a long-simmering conflict over U.S. mining regulation. It is governed by the Mining Law of 1872, which declares federal lands “free and open” to prospectors. Although environmental and federal land regulations have modified that wild-west approach over the subsequent century and a half, it remains largely possible for anyone to go out on many federal lands and stake a claim. (But actually mining and profiting from that claim is another story. . .)

Opponents of this approach have lodged protest claims in areas they wish to…
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The “Green New Deal” and Other Lefty Fantasies
10 Jan 2019 Leave a comment
Supposedly Alexandria Ocasio-Cortez’s Green New Deal is quite popular among the new far-leftists in Congress. Democrats remain enamored of the memory of FDR. Some believe that he saved the nation from the Great Depression, (he didn’t). But anything with the term “New Deal” will be more popular on the Left. Young Ms. Ocasio-Cortez has a veritable wealth of ideas that are just plain wrong. She is not stupid, as so many claim. She just has a lot of very, very bad ideas. Money is not a problem – “We’ll just pay for it.” she says. Raise taxes as high as 82% on the wealthy? Fine. Her Green New Deal would cost 8,000 times as much as President Trump’s Border Wall request, according to Tyler O”Neil at PJ Media.
The “Green New Deal” will cost approximately $49,109 trillion in the first ten years, enough to fund Trump’s border wall 8,616 times…
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Free Market Environmentalism with Terry Anderson: Perspectives on Policy
10 Jan 2019 Leave a comment
in applied price theory, economics of regulation, energy economics, environmental economics, global warming, law and economics, property rights
Chad Jones is a trouble maker on top tax rates @paulkrugman
10 Jan 2019 Leave a comment
in applied price theory, economics of education, entrepreneurship, human capital, income redistribution, industrial organisation, labour economics, labour supply, law and economics, occupational choice, politics - USA, poverty and inequality, Public Choice, public economics Tags: creative destruction, superstars, taxation and entrepreneurship, taxation and investment, taxation and labour supply, top 1%



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