Repeal Day #OTD
05 Dec 2021 Leave a comment
in economic history, economics of regulation, health economics, politics - USA Tags: evonomics of prohibition, meddlesome preferences
Look so sweet baby Nisa monkey come to finding lice and grooming for Camera man
05 Dec 2021 Leave a comment
in economics of media and culture
Black Monday: The Eighth Air Force’s 250th Combat Mission
05 Dec 2021 Leave a comment
in defence economics, war and peace Tags: World War II
The Largest Anti-Bolshevik Uprising Of The Russian Civil War I THE GREAT WAR 1921
05 Dec 2021 Leave a comment
in defence economics, Marxist economics, war and peace Tags: Russian revolution, World War I
Submission on central bank digital currencies
04 Dec 2021 Leave a comment
The Reserve Bank has a consultation document out inviting public feedback on the idea – to which they express themselves sympathetic – of the Bank possibly, at some stage in the future, issuing a new central bank digital currency, to which members of the general public would have access (unlike their existing wholesale digital currency – exchange settlement accounts – that only (some) banks currently have).
I wrote a post last week on Barry Eichengreen’s recent seminar for the University of Auckland and some of my own ideas, notably the idea that there is little reason to suppose there would be much demand for such a product (unless subsidised or underpinned by other distorting regulation).
Submissions close on Monday – at the curious hour of 10am. I spent a few hours this afternoon jotting down some thoughts as a submission. No doubt various bankers will make longer, more detailed, and…
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How Markets Work | Russ Roberts (2021)
04 Dec 2021 Leave a comment
in applied price theory, applied welfare economics, Austrian economics, comparative institutional analysis, economic history, economics of information, economics of regulation, history of economic thought, industrial organisation, international economics, labour economics, survivor principle
Remote People by Evelyn Waugh (1931)
04 Dec 2021 Leave a comment
How wrong I was, as it turned out, in all my preconceived notions about this journey.
(Remote People, page 97)
After weeks of reading heavy factual and often horrifying history about Africa, it was like getting into a warm bubble bath to read some Evelyn Waugh. He is a wonderful writer, clear and smooth – admittedly with occasional old-fashioned locutions and sometimes antiquated word order which makes you realise he was closer to the Victorians than to us – but he is nonetheless a deep pleasure to read because of his calm, clear, quietly cynical, drily humorous attitude. For his sophistication and style. For his combination of super-civilised manners and bright heartlessness. For his permanent alertness to the absurdity of life.
We sat in the open under an orange-tree and drank chianti and gossiped about the coronation, while many hundreds of small red ants overran the table and…
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George Selgin on the Fed 12/06/2010
03 Dec 2021 Leave a comment
in applied price theory, applied welfare economics, Austrian economics, business cycles, economic history, global financial crisis (GFC), great depression, great recession, history of economic thought, macroeconomics, monetarism, monetary economics Tags: monetary policy
Will Supersonic Travel Ever Return?
03 Dec 2021 Leave a comment
in economic history, entrepreneurship, environmental economics, Music, transport economics
Energy Matters: Why Wind & Solar Make Trivial Contribution to World’s Energy Needs
02 Dec 2021 Leave a comment
Notwithstanding the $billions in subsidies directed to wind and solar, their joint contribution to energy demand amounts to little more than a rounding error.
Oil and gas still account for more than 80% of world energy demand and talk about an ‘inevitable transition’ to an all wind and sun powered future, remains just that.
Energy matters, and what truly matters is that it’s available all day, every day, irrespective of the weather. Which is precisely why wind and solar will never amount to meaningful power sources.
Here’s a few numbers from the team at Jo Nova explaining why.
After 26 COP meetings we are a Fossil Fueled World: Coal, oil gas give us 80% of the energy on Earth
Jo Nova Blog
Jo Nova
5 November 2021
This is what Decarbonization Failure looks like:
After three decades of effort, twenty-six glorious international COP meetings, six IPCC reports, and the installation…
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Webinar: John H. Cochrane on the role of central banks
02 Dec 2021 Leave a comment
in budget deficits, business cycles, economic growth, economic history, Euro crisis, financial economics, fiscal policy, global financial crisis (GFC), great recession, history of economic thought, inflation targeting, macroeconomics, monetary economics
Utopia, you are standing in it! 
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