Utopia, you are standing in it!

Considering that economics for the way it is taught within institutions of education is largely and homogeneously based on Keynesian theory and principles, it is important to understand John Maynard Keynes’s inspirations for his works in economics. One may inquire “‘For what reasons are understanding Keynes’s inspirations behind his works important to the field?.” Understanding Keynes, his theory, and his inspiration behind his theory is salient because endorsement of his theory is not limited to just academia and admiring scholars, but it has also affected the policies and actions politicians choose to adopt. Keynesian theory is not only the foundational basis on which economics is instructed in academia, but it is also the adumbration that policy-makers of both fiscal and monetary policy all around the world have referenced for nearly each and every decision they have birthed into existence since the mid 20th century..

Furthermore, since the world economy has…

As another northern winter bites, it’s worth revisiting the deadly renewable energy calamity that hit America’s heartland back in February. Hundreds died in freezing homes, left without electricity thanks to hundreds of iced-up wind turbines, left frozen solid, and breathless frigid conditions that meant the remainder delivered no power, in any event. Solar fared no better, panels were plastered in snow and ice from horizon to horizon, delivering nothing but a twisted sense of virtue.

The Lone Star State – America’s wind and solar capital – was the worst hit. It took days to restore power to Texans, and hundreds of thousands of others across the Midwest were in the same perilous predicament.

The deadly catastrophe was as perfectly predictable as it was perfectly avoidable.

Had Texans maintained their reliance on ever-reliable coal, nuclear and gas, instead of obsessing about subsidised wind turbines and solar panels, the disaster would have…

Franz Joseph I (August 18, 1830 – November 21, 1916) was Emperor of Austria, King of Hungary, Croatia, and Bohemia, and monarch of other states of the Austro-Hungarian Empire, from December 2, 1848 until his death. From May 1, 1850 to August 24, 1866 he was also President of the German Confederation. He was the longest-reigning ruler of Austria and Hungary, as well as the sixth-longest-reigning monarch of any country.

Franz Joseph was born August 18, 1830 in the Schönbrunn Palace in Vienna (on the 65th anniversary of the death of Franz of Lorraine, Holy RomanEmperorFranz I) as the eldest son of Archduke Franz Charles (the younger son of Holy Roman Emperor Francis II), and his wife Princess Sophie of Bavaria.

His mother, Princess Sophie of Bavaria (1805 – 1872) was born to King Maximilian I Joseph of Bavaria and his second wife Caroline of Baden. She was the identical…

Credit: Coal India Limited
After COP26 – the real world. In much of the world ‘net zero’ and suchlike so-called climate targets are not a priority, as they strive to increase access to electricity – just like richer countries once did.
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The economic rebound from the pandemic is taking coal power generation to a new record high this year reports OilPrice.com, with global coal demand likely hitting another new high next year, undermining net-zero efforts, the International Energy Agency (IEA) said in its annual Coal 2021 report released on Friday.

According to the agency, the 2020 collapse in coal demand turned out to be smaller than anticipated, as China’s recovery began sooner than expected and turned out to be stronger than initially forecast.

Based on current trends, global coal demand is set to rise to 8025 Mt in 2022, the highest level ever seen, and to…