
The World War II Warship that Disguised Itself as a Tropical Island to Try to Escape the Enemy
03 Feb 2021 Leave a comment
in defence economics, war and peace Tags: World War II
European Emergency: Chaotic Wind & Solar Collapses Threaten Entire Europe-Wide Blackout
02 Feb 2021 Leave a comment
This winter is delivering wind and solar obsessed Europeans a banquet of consequences. Massive power price spikes in ‘wind powered’ Britain followed a period of dead calm, as the owners of Britain’s remaining dispatchable power plants cashed in: the wholesale price went from £40 to £4,000 per MWh.
Across the ditch, a complete collapse in wind and solar output on 8 January forced Europe’s grid managers to cut power to big users in France, Germany and Austria in order to avoid a complete ‘system black’. It was, like Napoleon’s Waterloo, “a close-run thing”.
The number of similar “emergency operations” has increased from a dozen or so each year to over 240, thanks to chaotically intermittent wind and solar.
None of this was on the radar when Germany was content to rely upon its ever-reliable nuclear and coal-fired power plants. As they say, you reap what you sow.
Here’s Henrik Paulitz…
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Teasing out the effect of tax policy on the business cycle
02 Feb 2021 Leave a comment
in applied price theory, business cycles, econometerics, economic growth, economic history, entrepreneurship, fiscal policy, human capital, labour economics, labour supply, macroeconomics, occupational choice Tags: real business cycles, taxation and entrepreneurship, taxation and investment, taxation and labour supply

Romer on the power of tax cuts
02 Feb 2021 Leave a comment
in applied price theory, economic growth, entrepreneurship, fiscal policy, history of economic thought, human capital, industrial organisation, labour economics, labour supply, macroeconomics, poverty and inequality, public economics, survivor principle Tags: taxation and entrepreneurship, taxation and investment, taxation and labour supply, taxation and savings

What’s behind the relatively large fall in UK GDP? (reprise…)
02 Feb 2021 Leave a comment
On Sunday, Labour’s Anneliese Doddstweeted that the UK ‘had the worst recession and the worst growth of any major economy last year’, and that ‘Covid closed much of our economy, but the Conservatives crashed it’. Of course, this is just a tweet and almost all politicians try to score points in this way. Nonetheless, it was still pretty sloppy.
The Shadow Chancellor was citing the latest IMFestimates for GDP growth in the G7 economies in 2020, rather than the actual data. The official numbers have either not been published (we have to wait until 12th February for the UK), or are slightly different. But the IMF probably wasn’t far wrong (UK GDP is indeed likely to have fallen by about 10%), so I’ll let that pass.
The real issue is how the data have been spun. For a start, rather than contrast the UK with the US…
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Accent Expert Gives a Tour of U.S. Accents – (Part One)
02 Feb 2021 Leave a comment
in economics of education, economics of media and culture
Who do diversity officers add to monetary policy?
01 Feb 2021 Leave a comment
in discrimination, economics of bureaucracy, human capital, labour economics, labour supply, macroeconomics, monetary economics, occupational choice, politics - USA, poverty and inequality, Public Choice Tags: monetary policy, racial discrimination

The Shards of the Office of Governor General of Canada
01 Feb 2021 Leave a comment
Introduction
In January 2021, Julie Payette resigned the Office of Governor General in disgrace. Her troubled tenure has shattered the credibility of the institution and provided anti-monarchists a greater platform on which to stand than they ever dared hope. In “A Star Goes Supernova,” I reviewed three years’ worth of newspaper reports which chronicled from 2018 to 2020 her steadfast refusal to carry out her constitutional and ceremonial duties and the toxic culture of harassment and recrimination which she brewed at Rideau Hall, leading to mass resignations, insincere and mendacious non-apology apologies, and, ultimately, to a damning independent report that proved her downfall. Payette’s resignation broke new ground in Canada but has precedents elsewhere in our sister Commonwealth Realms. In this piece, I will explain what happens when the Office of Governor General becomes vacant, review similar precedents in the other Realms where other Governors have resigned their…
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#NoHijabDay #WorldHijabDay
01 Feb 2021 Leave a comment
in economics of religion Tags: free speech, Freedom of religion, political correctness, regressive left

Richard D Wolff Vs David D Friedman | Socialism Vs Capitalism Debate
01 Feb 2021 Leave a comment
in applied price theory, applied welfare economics, Austrian economics, comparative institutional analysis, constitutional political economy, David Friedman, development economics, economic history, economics of bureaucracy, growth disasters, growth miracles, industrial organisation, labour economics, labour supply, law and economics, liberalism, libertarianism, Marxist economics, occupational choice, property rights, Public Choice, survivor principle
THE MAN WHO RAN WASHINGTON: THE LIFE AND TIMES OF JAMES BAKER III by Peter Baker and Susan Glasser
01 Feb 2021 Leave a comment

Peter Baker, the chief White House correspondent for the New York Times and Susan Glasser, a staff writer for The New Yorker have written an engrossing biography of James Baker III, a man whose impact from 1976 through the election of 2000 can not be denied. The book’s range is impressive as the authors describe a childhood under the thumb of a father whose nickname was “the Warden.” As an adult we witness the death of his wife from cancer at a young age and a remarriage that merged two families resulting in eight children, a number of which experienced numerous problems including drugs and alcohol. Baker would give up the practice of law in Texas and move on to a political education in Washington, D.C. that produced lessons that stressed how to accumulate power and…
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