Did the New Deal End the Great Depression? (with George Selgin)
06 Dec 2021 Leave a comment
in applied price theory, applied welfare economics, Austrian economics, business cycles, economic growth, economic history, fiscal policy, global financial crisis (GFC), great depression, great recession, history of economic thought, macroeconomics, monetarism, monetary economics
Australian-American War of 1942 – The Battle of Brisbane
05 Dec 2021 Leave a comment
in defence economics, war and peace Tags: World War II
Why Intermittent Wind & Solar Are The World’s Most Expensive (Occasional) Power Sources
05 Dec 2021 Leave a comment
The Sun and wind might be free, but wind and solar power are by far the most expensive power sources, of them all.
Diffuse and dilute – entirely dependent on the weather (wind – in the case of wind power, and cloud cover in the case of solar) and, in solar’s case, where the Sun sits in the sky – every MW of wind or solar capacity has to be backed up by a MW of reliable, dispatchable capacity, from either coal, gas or nuclear power (and hydro where that might be available).
Over the years, renewable energy rent seekers have attempted to paint a very different picture; viz, by claiming that wind and solar are ‘free’ and getting cheaper all the time. The accounting tricks employed are fairly obvious for those with the faintest idea about how electricity is generated and distributed.
Donn Dears is one such character. Here…
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Rumpole BBC Complete – Rumpole and the Gentle Art of Blackmail – John Mortimer
05 Dec 2021 Leave a comment
Good casts
Rumpole of the Bailey is a radio series created and written by the British writer and barrister John Mortimer based on the television series Rumpole of the Bailey. Five different actors portrayed Horace Rumpole in these episodes: Leo McKern, Maurice Denham, Timothy West, Benedict Cumberbatch, and Julian Rhind-Tutt.
His skill at defending his clients is legendary among the criminal classes. The Timson clan of “minor villains” (primarily thieves) regularly rely on Rumpole to get them out of their latest bit of trouble with the law. Rumpole is proud of his successful handling of the Penge Bungalow Murders “alone and without a leader” (that is, as a “junior” barrister without a QC) early in his career and of his extensive knowledge of bloodstains and typewriters. Cross-examination is one of his favourite activities, and he disdains barristers who lack either the skill or courage to ask the right questions. His…
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Who funds Extinction Rebellion? American & UK millionaires – ‘Some of America’s most famous families, including the Kennedys & the Gettys’
05 Dec 2021 Leave a comment
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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