The Injustice of Corporate Welfare
06 Jan 2019 Leave a comment
in applied price theory, industrial organisation, politics - USA, Public Choice, rentseeking, sports economics, survivor principle Tags: industry policy, picking winners
John Tooby on Socialism and Human Nature
06 Jan 2019 Leave a comment
in applied price theory, comparative institutional analysis, development economics, economic history, economics of information, health economics, industrial organisation, Marxist economics, poverty and inequality, survivor principle Tags: evolutionary psychology
Anti-Price Gouging Laws: Keeping Assets in Low Valued Uses
05 Jan 2019 Leave a comment
in applied price theory, economics of natural disasters, economics of regulation Tags: offsetting behaviour, unintended consequences
TAS fire grows to 10,000 ha. ‘There’s no way of stopping it at this stage’.
04 Jan 2019 Leave a comment
A fire is burning out of control in the south west of Tasmania. It started as a result of a lightning strike on December 27. It is being reported that it has already grown to 10,000 hectares and currently considered ‘out of control’ and hence fire services are unable to contain it. The ABC reports that 150 members of the Tasmanian Fire Service are currently fighting it but ‘there’s no way of stopping it at this stage’.
It threatens iconic areas like Lake Rhona and is moving towards Mt Field National Park and the towns of Maydena, Tyenna and National Park. A westerly change which is passing through the state could change direction of the fire so check the Tasmania Fire Service (TFS) website for details if you’re in the area (see below for all links).
Header image of the fire comes from http://satview.bom.gov.au/
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How To Be A Climate Thinker
04 Jan 2019 Leave a comment
Alex Epstein discusses how to be a climate thinker at Turning Point USA’s Student Action Summit during December.
Kevin Murphy: The Economics of Innovation, Part 1 – Drugs and Patent Protection
04 Jan 2019 Leave a comment
in applied price theory, entrepreneurship, health economics, law and economics, property rights Tags: creative destruction, patents and copyright
Deirdre McCloskey on Adam Smith
03 Jan 2019 Leave a comment
in Adam Smith, applied price theory, comparative institutional analysis, history of economic thought, law and economics, Public Choice Tags: Deidre McCloskey
Run Aground: Intermittent Offshore Wind Power Costs 25 Times More Than Ever-Reliable Coal, Gas & Nuclear
03 Jan 2019 2 Comments
Wind power is a pointless nonsense: 100% of its capacity must be backed up 100% of the time with a meaningful, conventional generation source: coal, gas, hydro or nuclear. That grouping never needs ‘backup’, ‘firming’, batteries or prayers to the Wind Gods and such like; they just work, whatever the weather, 24 x 365. Whereas, wind power….
The other reason that wind power makes no sense, is that its ultimate cost is utterly staggering.
Without massive and endless subsidies, there would not be a wind turbine operating anywhere on Earth, full stop.
And, when the scam is taken out to sea, as point out, the cost of the – chaotically intermittent – electricity generated by offshore wind turbines is out of this world.
Offshore wind power, a fraudulent fiasco
The Washington Times
2 December 2018
If you like power when…
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Cognitive bias – how petroleum scientists deal with it
03 Jan 2019 Leave a comment
by Peter Rose
Everyone complains about the Weather but nobody does anything about it!
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National Climate Assessment: A crisis of epistemic overconfidence
03 Jan 2019 Leave a comment
by Judith Curry
“You can say I don’t believe in gravity. But if you step off the cliff you are going down. So we can say I don’t believe climate is changing, but it is based on science.” – Katherine Hayhoe, co-author of the 4th National Climate Assessment Report.
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Philip Payton Jr.: The Crusading Capitalist Who Outwitted New York’s Racist Landlords
02 Jan 2019 Leave a comment
in applied price theory, discrimination, economics of regulation, entrepreneurship, income redistribution, law and economics, politics - USA, property rights, Public Choice, rentseeking, urban economics Tags: racial discrimination
Guardian falsely blames Israel for shortages of medicine in Gaza
02 Jan 2019 Leave a comment
Here are the first few paragraphs of a Dec. 31st Guardian article (“Palestinian superbug epidemic could spread, say doctors”) by Madlen Davies and Emma Graham-Harrison:
Doctors in Gaza and the West Bank have said they are battling an epidemic of antibiotic-resistant superbugs, a growing problem in the world’s conflict zones, which could also spill over the Palestinian borders.
The rise and spread of such virulent infections adds to the devastation of war, increasing medical costs, blocking hospital beds because patients need care for longer, and often leaving people whose injuries might once have been healed with life-changing disabilities.
Gaza is a particularly fertile breeding ground for superbugs because its health system has been worn down by years of blockade, and antibiotics are in short supply, the Bureau of Investigative Journalism has found.
…
Even though doctors in Gaza knew protocols to prevent the rise of drug-resistant bacteria, persistent shortages…
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