Saudi Arabia’s Oil Problem
12 Dec 2021 Leave a comment
in defence economics, economic history, economics of bureaucracy, energy economics, Public Choice Tags: oil, Saudi Arabia
Dividing Up The Middle East – The Creation of Lebanon I THE GREAT WAR 1920
11 Dec 2021 Leave a comment
in defence economics, technological progress, war and peace Tags: World War I
Did Rod Carr mislead the Environment Committee?
11 Dec 2021 Leave a comment

Yesterday, Rod Carr appeared before Parliament’s Environment Committee as Chair of the Climate Change Commission. Carr made the following statement (at 5:10):
I think the first thing to do is recognise not only as Chair but the Commission itself accepts that markets and prices will provide significant signals to producers, consumers and investors, that will play an important part in putting New Zealand on a pathway, which it is not currently on, to achieve the statutory targets for domestic emissions.
So, Carr told the Select Committee that New Zealand is not on track to deliver its “statutory targets for domestic emissions.”
There are two problems with his statement.
The first is that back in May the Climate Change Commission told the government that existing policies and an ETS price of $50 will deliver net zero emissions in about 2050.
Today, the ETS is at $68. At that higher price…
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Monumental Design Fail: Industrial Wind Turbines Simply Can’t Handle High Winds
11 Dec 2021 Leave a comment
When the weather turns nasty, giant industrial wind turbines simply turn off. When there’s no wind, they produce nothing; when winds hit gale force, they produce nothing. It’s as if their designers included Goldilocks, the porridge thief who wanted things “just right” and snubbed her nose at all that wasn’t.
Modern industrial wind turbines do not operate when wind speeds hit around 25 m/s (90kph or 55mph) – when Hurricane Harvey hit Texas back in August 2017, he dished up a gale double that speed, and more.
In order to prevent their catastrophic disintegration (as seen in the video below) Texas’s wind turbines deliberately downed tools, en masse, (as they are deliberately designed to do) leaving the critical work of providing power to storm-battered Texans to its fleet of nuclear power plants.
America’s Great Plains are touted by wind power rent-seekers as prime territory for subsidy gouging; they claim the…
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December 10, 1936: The Abdication Crisis
11 Dec 2021 Leave a comment
In 1936 a constitutional crisis in the British Empire arose when King-Emperor Edward VIII proposed to marry Wallis Simpson, an American socialite who was divorced from her first husband and was pursuing the divorce of her second.
Opposition
Opposition to the King and his marriage came from several directions. Edward’s desire to modernise the monarchy and make it more accessible, though appreciated by many of the public, was distrusted by the British Establishment. Edward upset the aristocracy by treating their traditions and ceremonies with disdain, and many were offended by his abandonment of accepted social norms and mores.
Social and moral
Government ministers and the royal family found Wallis Simpson’s background and behaviour unacceptable for a potential queen. Rumours and innuendo about her circulated in society. The King’s mother, Queen Mary, was even told that Simpson might have held some sort of sexual control over Edward, as she had released…
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The Hanoverians: William IV (1830-1837)
11 Dec 2021 Leave a comment
When George IV’s only daughter died, the crown fell to his younger brother, William. As a teenager William was sent into the Royal Navy where he developed a strict sense of etiquette, earning him the future moniker “The Sailor King.” He also served in the American Revolutionary War –news of his presence apparently spawned an abortive plot by George Washington to kidnap the young prince. During the Napoleonic Wars, William became friendly with Lord Nelson, but once attaining a command of his own William proved unpopular among the men. His time in the Navy was marked by an endless parade of drinking and womanizing around the world. He rose in the ranks to attain a largely ceremonial title, Lord High Admiral, but he soon lost the respect of those around him and William was effectively forced to resign his post.

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The Battle At The Falkland Islands – The Death of Maximilian von Spee I THE GREAT WAR Week 20
11 Dec 2021 Leave a comment
in defence economics, war and peace Tags: World War I
Cheap wine that made casket wine look like chateau de chateau
11 Dec 2021 Leave a comment
in economics of bureaucracy, economics of crime, economics of regulation, entrepreneurship, law and economics, Public Choice Tags: economics of prohibition, offsetting behaviour, unintended consequences

Fair Pay Govt drops its pretence
11 Dec 2021 Leave a comment
in applied price theory, comparative institutional analysis, economics of regulation, labour economics, labour supply, minimum wage, politics - New Zealand, unions Tags: union power, union wage premium
The Mexican Revolution – Bandits Turned Heroes I THE GREAT WAR 1920
11 Dec 2021 Leave a comment
in defence economics, war and peace Tags: Mexico, World War I

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