Utopia, you are standing in it!

Europeans have squandered untold $billions on chaotically intermittent wind and solar. The only evident results being routine power rationing, blackouts and power prices doubling every 12 months, or so.

The article below from Bloomberg lays it out fairly clearly: those countries obsessed with wind and solar are literally reaping the whirlwind, as power prices spiral out of control.

Bloomberg is, of course, a propaganda outlet for renewable energy rent-seekers, so don’t expect to see it ever name the culprits for Europe’s self-inflicted renewable energy disaster. In the piece below, the closest Bloomberg gets is when it points out that the “crisis was also aggravated by lower than normal wind speeds”. No joke!

Because the likes of Germany, Spain and the UK heavily depend upon wind and solar, output collapses triggered by, you guessed it, sunset and/or calm weather are driving demand for power from reliable sources, such as coal, gas…

I’ve just updated my UK GDP forecasts with today’s data for November. Here are ten key points, including some international comparisons.

1. UK economic growth in 2021 is likely to be just shy of 7½%, 1% higher than assumed in the October Budget and 3% higher than the consensus in the Treasury survey at the start of last year.

2. This means that the UK was almost certainly the fastest growing G7 economy in 2021. Many like to dismiss this as a ‘dead cat bounce’ after the relatively large fall in UK GDP in 2020. But the UK still did much better than expected, even taking account of this favourable ‘base effect’.

3. To illustrate, the chart below compares different vintages of the OECD’s forecasts for last year. In December 2020 the OECD expected UK GDP to grow by 4.2% in 2021, and to be outpaced by France and Italy…

Albert Victor, Duke of Clarence and Avondale (January 8, 1864 – January 14, 1892) was the eldest child of the Prince and Princess of Wales (later King Edward VII and Queen Alexandra) and grandson of the reigning British monarch, Queen Victoria. From the time of his birth, he was second in the line of succession to the British throne, but never became king because he died before his father and grandmother.

Albert Victor was born two months prematurely on January 8, 1864 at Frogmore House, Windsor, Berkshire. He was the first child of Albert Edward, Prince of Wales, and his wife Alexandra of Denmark, daughter of was Prince Christian of Schleswig-Holstein-Sonderburg-Glücksburg (King Christian IX of Denmark) and her mother was Princess Louise of Hesse-Cassel.

Following his grandmother Queen Victoria’s wishes, he was named Albert Victor, after herself and her late husband, Prince Albert of Saxe-Coburg-Gotha. As a grandchild of the…

From the outside it looks like treason, to the insider it’s merely the extension of the most massive subsidy scam in history. For nearly 40 years, the wind and solar industries have been telling us that they’ll soon be standing on their own two feet. But their greatest fear is being given the chance to actually do so.

The renewable energy rent seekers traipsing the halls of power in Washington are desperate to ensure that the subsidies upon which the greatest economic and environmental fraud of all time critically depend are extended in perpetuity.

With the Squad firmly in charge, and Joe Biden wandering the Oval Office in a befuddled daze, crony capitalists have already given a list of demands to Democrats ready to deliver: decade-long extensions of the Federal tax credits that will allow wind and solar generators to continue to profit obscenely at taxpayers’ expense.

Alex Epstein describes…

Sweden’s Imaginary Socialism as a Non-Model

Part One of this essay was posted a couple of days ago. In it, I reviewed some of the avatars and zombies of the vague words “socialist” and “socialism.” I arrived at the inescapable conclusion that Sen. Sanders “democratic socialism” means only Scandinavian and, specifically, Swedish “socialism.” I look at that social and fiscal arrangement below.

First, let me say that Sweden is a good place to live; it’s a very civilized country. I just don’t know in what sense it’s “socialist.” Center-left parties took part in governing the country for most of the 20th century, true. Yet, little of Swedish commerce or industry is nationalized, or in any way public property. The Swedish government tends not to be invasive with regulations or direct intervention. Sweden even ranks a little higher than the US in “business freedom” on the 2016 (international) Index of…

As part of a recent discussion with Gene Tunny in Australia, I explained why I support “Starve the Beast,” which means keeping taxes as low as possible to help achieve the goal of spending restraint.

The premise of Starve the Beast is very simple.

Politicians like to spend money and they don’t particularly care whether that spending is financed by taxes or financed by borrowing (both bad options).

As Milton Friedman sagely observed, that means they will spend every penny they collect in taxes plus as much additional spending financed by borrowing that the political system will allow.

The IMF published a study on this issue about 10 years ago. The authors (Michael Kumhof, Douglas Laxton, and Daniel Leigh) assert that there’s no way of knowing whether Starve the Beast will lead to good or bad results.

…there is no consensus regarding the macroeconomic…

Dame Anne Salmond, a Distinguished Professor in anthropology at the University of Auckland and 2013 New Zealander of the Year, had good advice for the Ardern government in an article on the Three Waters plan and The Treaty.

She was writing about the comprehensive Three Waters reform and the manner in which it is being imposed on local authorities, making nonsense of any notion they and the citizenry are being consulted.

This must be an opportunity for listening, not for a government imposing its view of water as ‘assets’, she urged in an article which concluded:

“In dealing with the Three Waters debate, the Sixth Labour Government should learn from the mistakes of the Fourth, and not try to operate by executive fiat.

“Democracy is too precious to be set aside, even by those with the best of intentions; and waterways are not ‘assets,’ but the lifeblood of the land.”

The Government explains its Proposals in its Human Rights Act Reform: A Modern Bill Of Rights: A consultation to reform the Human Rights Act 1998 (CP 588), which represent a radical departure from the HRA. The specific Proposals are developed in the context of broader themes:

• respecting our common law traditions and strengthening the role of the UK Supreme Court;
• restoring a sharper focus on protecting fundamental rights;
• preventing the incremental expansion of rights without proper democratic oversight;
• emphasising the role of responsibilities within the human rights framework; and
• facilitating consideration of and dialogue with Strasbourg, while guaranteeing Parliament its proper role.

The Government’s Proposals are designed to recast the HRA profoundly. They seek to create a framework for human rights which focuses principally on British law rather than ECtHR judgments and propose that the UK courts should give greater weight to the views of Parliament. The most important proposed…