Utopia, you are standing in it!

Paul Krugman has a very interesting blog post on the relative economic performance of the US and the euro zone.

Krugman starts out with this graph.

Krugman then goes on to give a complete (Market) Monetarist explanation for this development:

Things really go off track only in 2011-2012, when the U.S. recovery continues but Europe slides into a second recession…

…What was happening in 2011-2012? Europe was doing a lot of austerity. But so, actually, was the U.S., between the expiration of stimulus and cutbacks at the state and local level. The big difference was monetary: the ECB’s utterly wrong-headed interest rate hikes in 2011, and its refusal to do its job as lender of last resort as the debt crisis turned into a liquidity panic, even as the Fed was pursuing aggressive easing.

This is of course what Market Monetarists have been saying forever – we even have a…

When the wind industry and its worshippers start chanting their mantras about the ‘wonders’ of wind, it isn’t long before they start preaching about the examples purportedly set by the Europeans; and, in particular, the Nordic nations.

That the great wind power fraud was driven by Denmark’s struggling turbine maker, Vestas probably has a fair bit to do with the worshippers’ fanatic-cult-like veneration of Scandinavia.

But, hold the phone?

It seems that economics works in precisely the same fashion in Denmark, Sweden, Finland and Norway, as just about everywhere else (save Cuba and North Korea, say?).

When you’re trying to sell a ‘product’ with NO commercial value, the ‘business’ – for want of a better word – can only be about what you can extract from gullible/compliant governments (and unwitting power consumers), in the form of massive and endless subsidies.

Now, in the wind industry’s heartland, the Danes…

by Les Chappell

Prime Suspect
Series 3, Parts 1 & 2
Original airdates: Dec. 15 and 16, 1992

When I started doing this project to review the entire run of Prime Suspect, one of my major objectives was to understand the series’ impact on other cop shows. And after three installments, it’s impossible not to see its fingerprints on the two decades worth of police procedurals, its commitment to the realism and mechanics of an investigation offering an alternative to the more populist, cowboy style of poolice work. The recently concluded The Closer has been the most frequent comparison made with both shows having a tough female investigator at the center of the show, but most any show that has such a character owes something to the force with which Jane Tennison puts herself at the center of an investigation. It’s also easy to see its fingerprints on David…

By Cara L. Gallagher, weekend contributor

Oral arguments for the last case of the Supreme Court’s term were this week. The case,  McDonnell v. U.S., was about ethics and potential corruption between a donor and the former governor of Virginia. The timeliness of this case is not lost on this citizen of Illinois, where we should probably consider putting links to contribute to our candidates’ legal defense funds on our ballots. That’d be funny if their chances of going to jail for ethics violations or corruption weren’t actually greater than fifty percent. Four out of the last seven governors have been imprisoned. But at least our criminal governors make it easy on the courts! Dear Children’s Memorial Hospital, I won’t release your $8 million of state funding until you give me a $50,000 campaign contribution. Sincerely, Gov. Rod Blagojevich.

But what would it mean if for “the…

I’m a proud advocate and defender of capitalism for the simple reason that it is a system that is consistent with human freedom while also producing mass prosperity that was unimaginable for much of human history.

Jurisdictions that embrace capitalism enjoy great progress while nations that veer in the other direction suffer economic decline, as vividly demonstrated by comparisons such as the relative performance of Hong Kong and Argentina.

And, for what it’s worth, the Princess of the Levant even says capitalism is “a sexy word.”

But not everybody agrees.

A column by Greg Sargent in the Washington Post has some very depressing poll numbers.

…the Harvard Institute of Politics has released a new poll of young voters… One key finding in the poll, which surveyed over 3,000 people from ages 18-29, is that these young people see a robust role for government in guaranteeing a right to…

Image credit: How to Improve Your Online Content for Better Readability

There are about 300 blogs on the list, although I am weeding out those which are no longer active or have removed public access to sitemeters. (Let me know if I weed out yours by mistake or get your stats wrong).

Every month I get queries from people wanting their own blog included. I encourage and am happy to respond to queries but have prepared a list of frequently asked questions (FAQs) people can check out. Have a look at NZ Blog Rankings FAQ. This is particularly helpful to those wondering how to set up sitemeters. Please note, the system is automatic and relies on blogs having sitemeters which allow public access to the stats.

Here are the rankings of New Zealand blogs with publicly available statistics for April 2016. Ranking is by visit numbers. I have listed the…

Reposted in full (I hope Roger P doesn’t mind) from his excellent blog, a brief synopsis of the SREX section of the new IPCC report, which confirms that there is no proven link between extreme weather events and longer term temperature trends or co2 levels.

The full IPCC Special Report on Extremes is out today, and I have just gone through the sections in Chapter 4 that deal with disasters and climate change. Kudos to the IPCC — they have gotten the issue just about right, where “right” means that the report accurately reflects the academic literature on this topic. Over time good science will win out over the rest — sometimes it just takes a little while.

I’ve always enjoyed Star Trek.  Like many others, I’ve enjoyed its hopeful vision of the future, its far reaching technological speculations, its exploration of moral and social concerns and perhaps most significantly, its wild speculations of a post-scarcity economy.  

The author of the piece makes a game effort at rationalizing the ST economy, but given the timeline, I don’t see how it comes together. 

How can you mass produce warp and transporter technology, weapons systems and marshall the considerable labor and materials needed for a Federation class starship without a private sector and without resorting to totalitarianism?  

Between these types of questions and the general veneration of government bureaucracy and the slavish deference to hierarchical command structures, Star Trek’s general affinity for rational thought and secular ethics goes very flaccid.  

Sorry, dude. You simply can’t build a fleet of starships without mobilizing considerable labor and resources. Proto post-scarcity…

Driver-less car [image credit: google.com]
Or they may not. Robotic futures tend not to work out as predicted, but here’s another one, as DW.COM reports.

One likely roadblock is the amount of electricity required to make it feasible. Another one could be public resistance…

By 2025, self-driving cars could lead to a steep decline in fossil fuels – and in personal car ownership. Smart electric vehicles will pick you up, drop you off, and mostly look after themselves. A realistic scenario?