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Out of Africa
17 Nov 2023 Leave a comment
in economic history, economics of education, economics of media and culture Tags: Africa
My Conversation with the excellent Jennifer Burns
17 Nov 2023 Leave a comment
in Austrian economics, business cycles, economics of education, Euro crisis, F.A. Hayek, global financial crisis (GFC), great depression, great recession, history of economic thought, macroeconomics, Milton Friedman, monetarism, monetary economics
Here is the audio, video, and transcript. Here is the episode description: Jennifer Burns is a professor history at Stanford who works at the intersection of intellectual, political, and cultural history. She’s written two biographies Tyler highly recommends: her 2009 book, Goddess of the Market: Ayn Rand and the American Right and her latest, Milton Friedman: The […]
My Conversation with the excellent Jennifer Burns
BLOOD AND IRON: THE RISE AND FALL OF THE GERMAN EMPIRE 1871-1918 by Katja Hoyer
17 Nov 2023 Leave a comment
in economic history Tags: Germany
(German Chancellor Otto von Bismarck) It might surprise most of you that Germany has only been a country since 1871. By the mid-19th century Germany was a series of states, thirty nine to be exact. The dominant principalities were Prussia and Bavaria, one dominated the Lutheran north, the other the Catholic south. The question must […]
BLOOD AND IRON: THE RISE AND FALL OF THE GERMAN EMPIRE 1871-1918 by Katja Hoyer
US Watchdog Has Grim Winter Warning: There May Be Blackouts
17 Nov 2023 Leave a comment
in energy economics, environmental economics, global warming Tags: celebrity technologies, wind power
If it’s climate obsession versus reality in US power supplies, there can only be one winner. Strong opposition to new gas pipelines plus increasing reliance on intermittent renewables can only end badly for consumers of power. – – – As much as two-thirds of the United States could experience blackouts in peak winter weather this […]
US Watchdog Has Grim Winter Warning: There May Be Blackouts
‘Time’s finally up’: Impending Iceland eruption is part of centuries-long volcanic pulse
16 Nov 2023 Leave a comment
in economic history, economics of natural disasters
The headline obviously raises the question of the origin of such a pulse and of its suggested frequency. On the other hand a damp squib (from a spectator point of view) can’t be ruled out entirely at this stage, although some of the cracks already appearing on the surface do look quite large and other […]
‘Time’s finally up’: Impending Iceland eruption is part of centuries-long volcanic pulse
Big Green in trouble – German version
16 Nov 2023 Leave a comment
in energy economics, environmental economics, global warming Tags: atomic energy, Germany, wind power
A number of folk have been waiting impatiently for the contradictions of consensus climate policy to become undeniably apparent. What’s happening in Germany might fit the bill. Germany’s ruling Socialist-Liberal-Green coalition shut down the last of the country’s operating nuclear reactors in April in line with their agreed policy. They overrode calls for a reversal […]
Big Green in trouble – German version
Quantity theory of money, or fiscal theory of the price level?
16 Nov 2023 Leave a comment
in defence economics, development economics, economic history, growth disasters, history of economic thought, law and economics, macroeconomics, monetary economics, property rights Tags: monetary policy, Somalia
The rebel-controlled Yemeni rial is made up entirely of a fixed supply of notes printed prior to 2016. In the chart below you can see it appreciating in value (the blue line) against the dollar, issued by the world’s most powerful state. pic.twitter.com/vioXHmz2wQ — John Paul Koning (@jp_koning) November 15, 2023
Quantity theory of money, or fiscal theory of the price level?
Phony Nitrogen Crisis for Making War on Farmers
16 Nov 2023 Leave a comment
in environmental economics, global warming Tags: Canada
A war against farmers has emerged, threatening to push them off the land they’ve farmed for generations. As small and mid-sized farms close their doors, governments and corporate entities can scoop up the land. Those in control of the land control the food supply and, along with it, the people. In Canada, Trudeau’s Liberals have […]
Phony Nitrogen Crisis for Making War on Farmers
Rent-Seekers Retreat: Grand Wind & Solar Transition Faces Total Collapse
16 Nov 2023 Leave a comment
in energy economics, environmental economics, global warming Tags: celebrity technologies, wind power
The smart money is banking on the wind and solar industries’ total collapse; the smartest money was never invested in the greatest Ponzi scheme of all time. With subsidised wind and solar looking more like a house of cards, dozens of grand standing projects are being unceremoniously dumped. The potential investors targeted by their proponents […]
Rent-Seekers Retreat: Grand Wind & Solar Transition Faces Total Collapse
On the 50th anniversary of the DPB
16 Nov 2023 Leave a comment
in economics of education, gender, labour economics, labour supply, occupational choice, poverty and inequality, welfare reform Tags: economics of fertility, marriage and divorce
The Domestic Purposes Benefit has been variously described as a “disaster” (David McLoughlin 1995), an “economic lifeline” (Jane Kelsey 1995) and “an unfortunate experiment” (Muriel Newman 2009).Its effect on family formation can never be definitively ascertained. But the growth of the sole parent family dependent on welfare has correlated with more poverty, more child abuse…
On the 50th anniversary of the DPB
India To Increase Coal Production By 60%
16 Nov 2023 Leave a comment
in development economics, energy economics, environmental economics, global warming, growth disasters, growth miracles
By Paul Homewood Emperor Wind may have no clothes, but King Coal carries on regardless! New Delhi: The Union coal ministry on Monday announced plans to increase India’s coal production to 1.404 billion tonne by 2027, with an eye to further boost it to 1.577 billion tonne by 2030. Current domestic […]
India To Increase Coal Production By 60%
Shameless central bankers
15 Nov 2023 Leave a comment
in business cycles, economics of bureaucracy, financial economics, fiscal policy, inflation targeting, macroeconomics, monetary economics, Public Choice Tags: monetary policy
It was in mid-August that this particular bit of shameless Reserve Bank spin got going. From a post in late August It proved to be nonsense of course. Once we had access to the short little IMF piece, published at the back of the Fund’s Article IV review, it was clear that it all amounted […]
Shameless central bankers
Boys are faster
15 Nov 2023 Leave a comment
in discrimination, economics of education, gender, sports economics Tags: political correctness, regressive left, sex discrimination
What Was Gary Becker’s Biggest Mistake?
15 Nov 2023 Leave a comment
in behavioural economics, economics of crime, Gary Becker, history of economic thought, law and economics
The econometrician Henri Theil once said “models are to be used but not to be believed.” I use the rational actor model for thinking about marginal changes but Gary Becker really believed the model. Once, at a dinner with Becker, I remarked that extreme punishment could lead to so much poverty and hatred that it could create blowback. Becker […]
What Was Gary Becker’s Biggest Mistake?
Some questions for those protesting for Palestine
15 Nov 2023 Leave a comment
in defence economics, economics of crime, International law, law and economics, laws of war, liberalism, Marxist economics, politics - Australia, politics - New Zealand, politics - USA, Public Choice, war and peace
I’m frankly astonished at the scale, frequency and anger of protests held in solidarity for Palestinians in Gaza, which variously call for a ceasefire, call for “freedom” for Palestine and which variously accuse Israel of atrocities, using the language and statistics issued by the Gazan totalitarian theocrats. It is driven by a coalition of communists,…
Some questions for those protesting for Palestine
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