
Simple rules for a complex world – Richard Epstein
19 Jun 2021 Leave a comment
in applied price theory, comparative institutional analysis, constitutional political economy, economic history, law and economics, property rights, Richard Epstein
Ten Minute History – The Fall of Rome
19 Jun 2021 Leave a comment
in defence economics, economic history, war and peace Tags: Roman empire
Where is our world headed? Steven Pinker
19 Jun 2021 Leave a comment
in economics of education, liberalism, Marxist economics Tags: free speech, pessimism bias, political correctness, regressive left, The Great Enrichment
Friedman Fundamentals: Unions And Free Market Labor
18 Jun 2021 Leave a comment
in applied price theory, comparative institutional analysis, labour economics, labour supply, unions Tags: union power
Want to Know Why Wind Power is Causing Blackout in Britain? (It’s called “the Weather”)
18 Jun 2021 Leave a comment
No country has ever powered itself entirely with wind and solar power; no country ever will. In Britain, the threat of blackouts now looms every time the wind drops off, thanks to an overreliance on unreliable wind power.
Back in August 2019 we reported on a mass blackout that struck Britain, when an offshore wind farm decided to down tools: Blackout Nation: Wind Power Output Collapse Leaves Millions of Brits Totally Powerless
To say that Britain’s once reliable power grid is under threat, is mastery in understatement. And, as Paul Homewood reports, things can only get worse from here.
Wind slump risks blackouts as Britain goes ‘green’
Not a Lot of People Know That
Paul Homewood
24 May 2021
Wind Slumps risks Blackouts as Britain Goes Green
The Telegraph
Rachel Millard
24 May 2021
Prolonged periods of low wind and solar power could trigger blackouts as Britain races to ditch fossil…
View original post 298 more words
Involuntary Unemployment, the Mind-Body Problem, and Rubbernecking
18 Jun 2021 Leave a comment
The term involuntary unemployment was introduced by Keynes in the General Theory as the name he attached to the phenomenon of high cyclical unemployment during the downward phase of business cycle. He didn’t necessarily restrict the term to unemployment at the trough of the business cycle, because he at least entertained the possibility of underemployment equilibrium, presumably to indicate that involuntary unemployment could be a long-lasting, even permanent, phenomenon, unless countered by deliberate policy measures.
Keynes provided an explicit definition of involuntary unemployment in the General Theory, a definition that is far from straightforward, but boils down to the following: if unemployment would not fall as a result of a cut in nominal wages, but would fall as a result of a cut real wages brought about by an increase in the price level, then there is involuntary unemployment. Thus, Keynes explicitly excluded from his definition of involuntary unemployment, unemployment…
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10 Unexpected Discoveries From Space
18 Jun 2021 Leave a comment
in economics of media and culture Tags: space
How The U.S. Bought Most Of Its Territory
17 Jun 2021 Leave a comment
in defence economics, economic history, International law, war and peace Tags: economics of borders, maps
Bad Rent & Minimum Wage Memes
17 Jun 2021 Leave a comment
in applied price theory, applied welfare economics, comparative institutional analysis, economics of regulation, history of economic thought, labour economics, law and economics, minimum wage, poverty and inequality, unemployment, urban economics Tags: rent control
The Fermi Paradox: Where Are All the Aliens?
17 Jun 2021 Leave a comment
in economics of media and culture Tags: space
The mistake that toppled the Berlin Wall
17 Jun 2021 Leave a comment
in economics of bureaucracy, Marxist economics, Public Choice Tags: Berlin wall, East Germany, fall of communism, unintended consequences
Steven Pinker: Progress, Despite Everything
17 Jun 2021 Leave a comment
in comparative institutional analysis, constitutional political economy, development economics, economic growth, economic history, growth disasters, growth miracles, liberalism, macroeconomics, Marxist economics, Public Choice Tags: Age of Enlightenment, pessimism bias, regressive left, The Great Fact
Burning Cash: Renewable Energy Slush Fund Wasting $Billions of Taxpayers’ Money
16 Jun 2021 Leave a comment
If massive subsidies tacked onto your power bill and directed to wind and solar generators wasn’t enough, there’s a government backed slush fund channelling hundreds of $millions into the wind and solar scam, as well.
In Australia the Clean Energy Finance Corporation is a Federal government backed outfit that has been doling out soft money to large-scale solar and wind projects that otherwise struggle to raise the capital needed to get off the ground.
But most operations run by bureaucrats, the CEFC is long on spin and waffle and short on hard numbers and accountability.
A couple of weeks back, One Nation Senator, Malcolm Roberts set out to get behind the bureau-speak and uncover precisely how much taxpayers’ money is being squandered by the CEFC.
Clean Energy Finance Corporation is Going Backwards – Senate Estimates
One Nation
Malcolm Roberts
27 May 2021
The CEFC holds $10 billion of taxpayer money…
View original post 1,891 more words
Dutch court gets climate science wrong
16 Jun 2021 Leave a comment
Credit: planetsave.com
Embarrassing. Whatever the true science may be, it’s not what the court claimed. Is an appeal against their verdict in order?
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A recent Dutch Court decision is getting international attention because it commands climate action.
The case itself is like angels on a pinhead, so of little interest, says David Wojick @ CFACT.
Shell Oil proposed to cut CO2 emissions by 40% and the Court made it 45%, both targets being stupid. The real concern is the precedent of Courts making climate policy, so this decision is worth looking at.
Turns out the Court’s version of the science is amazingly bad.
View original post 275 more words



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