10 Reasons Colonizing Venus is a Good Idea

Government Regulations – Milton Friedman

robertlredstone's avatarRobert L. Redstone

Milton Friedman on Government Regulations (1973) Capitalism and Freedom – Milton Friedman: https://www.youtube.com/watch?v=zDo642kuR7k

Milton Friedman was an American economist and statistician who received the 1976 Nobel Memorial Prize in Economic Sciences for his research on consumption analysis, monetary history and theory and the complexity of stabilization policy.

Top Milton Friedman Books:

1. Capitalism and Freedom: https://amzn.to/3lJ54bF

2. Free to Choose: https://amzn.to/3vRwTmG

3. Why Government Is the Problem: https://amzn.to/31hjeHi

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An Indispensable Member? Legal expertise in the Long Parliament, ‘an ancient lawyer’ and civil war intimidation

Vivienne Larminie's avatarThe History of Parliament

In the past, as with now, it was not uncommon to find those trained in the practice of law seated on the benches of Parliament. In today’s blog Dr Vivienne Larminie, assistant editor of our Commons 1640-1660 project, looks into the tumultuous political career of one such lawyer in the 17th century, John Whistler.

Portrait of John Selden, drawn byPeter Lely, engraved byGeorge Vertue, 1726
via Wikimedia Commons

With their expertise at a premium in the drafting of legislation, lawyers have always found a place in Parliament. When professional experience was combined with long service in the House and a reputation for learning, integrity or judicious pronouncements, a lawyer MP might command such respect that it was considered difficult to operate without him.This was the case with John Selden, a jurist with a European reputation who, when the Long Parliament assembled in November 1640, had the added kudos…

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The politics of SkyPath 2.0

Thomas Sowell on the Economics of Redistribution: Quicksand at One End and Beatings at the other End

Dan Mitchell's avatarInternational Liberty

Over the years, I’ve shared some clever images, jokes, and cartoons to expose the flawed mindset of those who hope to achieve coerced equality of outcomes with redistribution and high tax rates.

The size of a pizza vs the share of a slice.

The modern version of the Little Red Hen.

Washington’s Byzantine welfare state.

Chuck Asay’s overburdened tractor.

A left-wing nursery rhyme.

The Wizard-of-Id parody.

Two pictures showing how the welfare state begins and ends.

A socialist classroom experiment (including a video version).

The economics of redistribution in one image.

As you can see, this is a common-sense issue. When you give people money on the condition that they don’t earn much money, you create a perverse incentive for them to be unproductive.

Especially since, when people work more and earn more, they get hit by a combination of fewer handouts and…

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The Economics of “Labor Shortages”

Dan Mitchell's avatarInternational Liberty

During the Obama years, I shared a cartoon strip that cleverly makes the point that some people will choose not to work if they can get enough goodies from the government.

That Wizard-of-Id parody has been viewed more than 56,000 times, which suggests many readers also thought it was worth sharing.

But it obviously hasn’t been shared often enough with the crowd in Washington. Politicians have created a welfare state that penalizes work and rewards dependency.

Especially now that there are bonus payments for staying unemployed. Which makes it hard to businesses to find workers.

Our friends on the left, however, think there’s a solution to this problem.

In his column for the New York Times, David Leonhardt says there is not a labor shortage because employers can simply raise wages.

The idea that the United States suffers from a labor shortage is fast becoming conventional wisdom. But…

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Why Don’t People Duel Anymore

Why Did the Ottoman Empire Join the Central Powers?

#COVID19

Image

10 Reasons Colonizing Mars is a Bad Idea

June 6, 1944 – The Sea Was White-Crested and Angry

wordcloud9's avatarFlowers For Socrates

June 6, 1944: D-Day

Allied troops landed on the beaches of Normandy, Operation Overlord, the biggest seaborne invasion in history, marking the start of the liberation of France, and beginning the final phase of WWII in Europe.

Around 150,000 troops from Britain, America, Canada, and other Allied countries landed on five sectors of Normandy beach. The victory was costly: over 10,000 Allied casualties, compared to an estimated 5,000 to 9,000 casualties for the Germans.

To read more, click:

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History’s Most Famous Duels

#COVID19

How do you align the incentives of sea captains transporting criminals to Australia with those of the public?

From https://managerialecon.blogspot.com/2021/05/how-do-you-align-incentives-of-sea.html?m=1

Avoidable Self Harm: Dogged Reliance On Intermittent Wind & Solar Guarantees Power Supply Chaos

stopthesethings's avatarSTOP THESE THINGS

Sign up for wind and solar and receive power supply chaos as just one of the added extras, along with rocketing power prices and a wave of social and environmental havoc.

Australia has been on the path since 2001 when Federal Liberal PM, John Howard introduced his Renewable Energy Target. The Target was greatly expanded by Labor in 2009, with the subsidies to wind and solar pumped up to cost Australian power consumers more than $4 billion a year.

But tonight’s post is about something that, barely a decade ago, was almost inconceivable in a country blessed with coal, gas and (completely ignored) uranium. That is, routine power supply disruptions in the form of widespread load shedding (when the grid manager is in control) and mass blackouts (when things get completely out of control).

At the heart of the debacle sits sunshine-dependent solar and weather-dependent wind.

Here’s Chris Kenny’s…

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