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Celebrating humanity's flourishing through the spread of capitalism and the rule of law
08 Jan 2021 Leave a comment
in health economics, movies Tags: economics of pandemics

fb://photo/3405746096204511?set=a.168793176566502&sfnsn=mo
07 Jan 2021 Leave a comment
in applied price theory, applied welfare economics, comparative institutional analysis, constitutional political economy, economics of bureaucracy, economics of regulation, income redistribution, industrial organisation, international economics, law and economics, politics - New Zealand, Public Choice, public economics, rentseeking Tags: customs unions, preferential trade agreements
07 Jan 2021 Leave a comment
It’s at least mildly intriguing to consider how international news outlets can be so eager to recite prominent myths about the American media.
Johnson: Not watching Cronkite
A few months back, for example, the Guardian of London invoked the heroic-journalist myth of Watergate, declaring that Bob Woodward and Carl Bernstein “brought down” Richard Nixon’s corrupt presidency “with their reporting on Watergate nearly a half-century ago.”
Toronto’s Globe and Mail newspaper has been known to invoke the mythical “Cronkite Moment” to underscore how, in a splintered media environment, no single television anchor can project ousize influence. Not that Walter Cronkite, the CBS News anchorman, actually did so in editorializing about the Vietnam War — the occasion in late February 1968 that gave rise to what has become a hoary media myth.
Just the other day, La Razón, a newspaper in Madrid, conjured the “Cronkite Moment” in
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07 Jan 2021 Leave a comment
in economics of bureaucracy, health economics, politics - Australia, politics - New Zealand, politics - USA, Public Choice, transport economics Tags: economics of pandemics, vaccines

07 Jan 2021 Leave a comment
in health economics, politics - New Zealand Tags: economics of pandemics, vaccines

07 Jan 2021 Leave a comment
The story of the Tudor dynasty has been told from many different angles. Each monarch has been explored through lenses like social and political history numerous times. However, there is a new approach that is coming into the forefront of historical research and that is the focus on the medical history of the Tudors. Each Tudor monarch, from Henry VII to Elizabeth I, had some sort of bout with illness that would drastically alter the course of their reigns and the future of the dynasty. In Sylvia Barbara Soberton’s latest book, “Medical Downfall of the Tudors: Sex, Reproduction and Succession”, she explores the more intimate aspects of this turbulent dynasty to discover the truth about why they fell.
I would like to thank Sylvia Barbara Soberton for sending me a copy of her latest book. I have talked to Sylvia in the past and I have hosted her on my…
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07 Jan 2021 Leave a comment
in energy economics, environmental economics, global warming Tags: solar power, wind power
07 Jan 2021 Leave a comment
New year, new lockdown. I’m instinctively sceptical that such severe restrictions on our lives can ever be justified, but two factors have surely tipped the balance in their favour.
The first, of course, is the far more rapid transmission of the new Covid variant. This has increased the benefits of locking down, as the risk of the NHS being overwhelmed by Covid patients is now much greater.
The second, more positively, is the rollout of the new vaccines, which has reduced at least some of the costs of locking down. This is because there is now light at the end of the tunnel, and households and businesses can be more confident that this is the final push.
Here we can take some comfort from the strong public support for the new lockdown, and the relative sanguine response in financial markets. In particular, the FTSE has continued to grind higher. Even…
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07 Jan 2021 Leave a comment

Guy Caruso writes at Real Climate Energy Supreme Court Hearing Should Signal Shift From Baseless Lawsuits to Realistic Climate Solutions Excerpts in italics with my bolds.
For years, energy manufacturers have helped drive down U.S. carbon emissions by unleashing a flood of home-grown, low-carbon natural gas, reducing America’s carbon footprint even as we use more energy. At the same time, despite emissions reduction progress, a handful of cities and counties including Baltimore, New York City, and Washington, DC among others have sued energy manufacturers in the name of climate change, spurred on by ambitious trial attorneys and imaginative legal theories.
Federal law is clear, though, with the Supreme Court clearly ruling in American Electric Power v. Connecticut in 2011 that it’s EPA’s job to regulate carbon emissions. That’s why trial attorneys have fought so hard to move climate lawsuits to state courts and that’s why a January…
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07 Jan 2021 Leave a comment
We’ve already talked about different methods for distributing the vaccine in the face of limited supply on this blog (see my post and Doug Norton’s post). But today I want to talk about something different: the speed at which this vaccine was developed. It is truly amazing.

This chart from Nature (adapted from the fantastic Our World in Data) dramatically shows just how quickly the COVID-19 vaccine was developed compared with past vaccines. What used to take decades or even a century was done in mere months (yes, even with all the regulatory barriers today).
Exactly how we developed this vaccine so quickly is a complex story that involves the advanced state of modern science, incentives offered by concerned governments, and the harnessing of the profit motive to advance the public good. We don’t know all the details yet, and likely won’t for a long time since, like…
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07 Jan 2021 Leave a comment
in health economics, politics - USA, transport economics, urban economics Tags: economics of pandemics
06 Jan 2021 Leave a comment
“He was an old man who fished alone in a skiff in the Gulf Stream and he had gone eighty-four days now without taking a fish” (opening line).
The Old Man and the Sea is a rich and deep novella about an old fisherman named Santiago and his Herculean effort to overcome a fishing dry-spell. Much like the character, Ernest Hemingway was also going through a dry-spell. The Old Man and the Sea was written at a time when Hemingway was considered a writer in decline. His last critically praised work was more than a decade old: For Whom The Bell Tolls in 1940 – read my reflections on For Whom The BellTolls and its Pulitzer controversy here. Hemingway had published Across The River And Into The Trees in 1950, the first book he had published post-World War II, and it was panned by critics. In a word,
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06 Jan 2021 Leave a comment
The case of Taylor v Jaguar Land Rover has been trumpeted as a “landmark” employment tribunal decision recognising that people who identify as non-binary or gender-fluid can be covered by the Equality Act protected characteristic of “gender reassignment”.
The case concerns Mr/Ms Taylor, a man who began to wear women’s clothing to work in 2017 as part of a process of exploring his gender. He now identifies as a transwoman. He can be seen here being interviewed by Pink News at the time:
The tribunal seemed particularly keen on inhabiting the role of landmark decision-makers, going into a soliloquy about individuals who make a difference including Rosa Parks, Martin Luther King and Ruth Bader-Ginsberg (“The Notorious RBG”, as they noted).
But there is a lot less to the landmark part of the decision than has been promoted. It was already clear that the protected characteristic of “gender reassignment” in the…
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06 Jan 2021 Leave a comment
On 28 September 2016, the automatic shutdown of wind turbines in South Australia during a spring storm delivered a statewide ‘system black’.
South Australia’s hapless Premier, Jay Weatherill led the wind industry’s propaganda charge, pointing the finger at the collapse of a couple of power pylons in the state’s mid-North as the cause of a statewide calamity that left 1.6 million people powerless; and parts of the State without electricity for more than a week. BHP Billiton’s Olympic Dam mine in South Australia’s far north was without full power from September 28 to October 13.
The collapse of a few power pylons occurred late in the day, and affected a single transmission line that could not have caused the collapse of the State’s entire power supply. The rest of the State’s transmission lines remained untroubled by the strong winds. But the power pylons collapse is still touted by renewables advocates…
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06 Jan 2021 Leave a comment

Greta and her handlers are upset that political leaders followed advice from epidemiologists and imposed lockdowns against Covid, but not against climate change. Commenters at Not a Lot of People Know That exposed Greta’s ignorance for championing Net Zero policies to reduce atmospheric CO2. One problem is the impracticality of removing CO2 to put into storage. Broadlands noted:
NET stands for Negative Emission Technology. That means industrial removal and geological burial of billions of tons of CO2 under pressure. The irony is the fact that they cannot fit a lot into those geological locations…not even one part-per-million. Greta’s puppeteers don’t even realize that themselves. Certainly not Mr. Biden’s experts as they tool up to spend trillions.
Even more dangerous is activists failing to recognize we are presently suffering from a dearth of CO2, not a surplus Pardonmeforbreathing drew the implications from the above graph (excerpted):
If you look at…
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Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
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Celebrating humanity's flourishing through the spread of capitalism and the rule of law
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