MICHAEL MOORE : ‘Green Energy Is A Scam’

The Destructive Impact of Wealth Taxation

Dan Mitchell's avatarInternational Liberty

When I wrote about the wealth tax early this year, I made three simple points.

I obviously have not been very persuasive.

At least in certain quarters.

A story in the Wall Street Journal explores the growing interest on the left in this new form of taxation.

The income tax..system could change fundamentally if Democrats win the White House and Congress. …Democrats want to shift toward taxing their wealth, instead of just their salaries and the income…

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#EarthDay @GreenpeaceAP @Greens @NZGreens @jamespeshaw @AOC @BernieSanders @Oxfam @SenWarren

Panel 2: Thomas Schelling at the Cutting the Fuse Conference (3b of 3)

What Happened When Kamikaze Pilots Failed or Wimped Out?

Liberty v. Claims

UK Road Plans Must Be Compatible With Paris Agreement-Legal Challenge

The Korean War: Secret Soviet Involvement I

MSW's avatarWeapons and Warfare

As in no other air war in recent history, the Korean War was fought by opposing combatants who had no stake whatsoever in the territory in dispute. When the North invaded the South, Americans entered the battle openly and with heavy commitment. The Soviets elected to go undercover with limited aid in material and especially in manpower. For whatever reason, neither side expressed a specific goal or objective, other than to fight one another and to hopefully bring the whole sad affair to an end. Unfortunately, the war never officially ended. In spite of over a half century of negotiation, neither side has surrendered or agreed on a formal truce to end the armed conflict. Instead, both sides signed a tenuous cease-fire agreement and technically the combatants remain in a state-of-war.

By the end of October 1950, the Korean and Chinese aviation assets had been combined into a single Unified…

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Snap Back From COVID-19 Crisis? Try Snapping Out Out Of The Obsession With Wind & Solar

stopthesethings's avatarSTOP THESE THINGS

Want to ‘snap back’? The answer’s right in front of you.

COVID-19 has left Australia’s economy a victim of involuntarily euthanasia; what’s not been wiped out by insane renewable energy policies has been finished off by government enforced lockdowns.

Australia’s PM, Scott Morrison talks about the economy enjoying a “snap back”, once the restrictions on business and movements are lifted. As if the deliberate destruction of the hospitality and tourism sectors will be alleviated overnight at the snap of his magical fingers.

Then there’s been talk about improving Australia’s “resilience” and “self-sufficiency”, suggesting a renaissance of Australian manufacturing and industry.

With Australian businesses suffering among world’s highest power prices (thanks to its obsession with intermittent wind and solar, South Australian households and businesses suffer highest prices in the world), all STT can say is: well, good luck with that!

The idea that once we “get over the bridge” investors will…

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Image

Oops, Ministry concludes NZ didn’t need to close schools because of #COVID19 infection risks!!?

From https://www.health.govt.nz/system/files/documents/publications/covid-19_control_measures_to_deliver_covid-19_strategies_education_sector_evidence_review-21apr20.pdf and https://www.nzherald.co.nz/nz/news/article.cfm?c_id=1&objectid=12326496

Real economic costs of financial crises – part 1

Edward Prescott is sceptical about the cost of financial crises. He points out that although there were plenty of them over the course of the 19th century, America seem to still become the industrial leader.

Michael Reddell's avatarcroaking cassandra

A couple of days ago I looked at how one might best classify countries, as to whether or not they had experienced a “financial crisis” since 2007.  But this chart is one reason why I’ve become increasingly sceptical that “financial crises”, however one defines them, have large or enduring adverse real economic effects.  I think I first saw it in a sets of slides by Nobel laureate Robert Lucas, and every so often I would use it to try to stir up a bit of debate at the Reserve Bank.

maddisonUS

It is a quite simple chart of real per capita GDP for the United States, back as far as 1870.  These are Angus Maddison’s estimates, the most widely used set of (estimated) historical data, and as Maddison died a few years ago they only come as far forward as 2008.  The simple observation is that a linear trend drawn through this…

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A Conversation with Harold Demsetz

Via https://www.econlib.org/videos/a-conversation-with-harold-demsetz/

Book Review: “Thomas Cromwell: A Revolutionary Life” by Diarmaid MacCulloch

hmalagisi's avatarAdventures of a Tudor Nerd

38390462The stories of King Henry VIII and the men around him have fascinated generations of historians, but there was one man who has received a negative reputation for his actions. He was the supposed son of a butcher who rose to be Henry VIII’s right-hand man, until his dramatic fall in July 1540. Thomas Cromwell was credited for helping Henry with his Great Matter, the fall of Anne Boleyn, the establishment of the Church of England, and the disastrous marriage between Henry and Anna of Cleves. Diarmaid MacCulloch has taken on the challenge to figure out who Thomas Cromwell really was by sifting through all remaining archival records that we have from this extraordinary man. It is in this book, “Thomas Cromwell: A Revolutionary Life” that MacCulloch masterfully explores the story of this man who changed English and European history forever.

Personally, I have never read a book about Thomas…

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Surprise! Carbon Fuels are Plentiful, not Scarce.

Ron Clutz's avatarScience Matters

Brentan Alexander writes at Forbes $40 Oil Will Return: This Isn’t The End Of Fossil Fuels. Excerpts in italics with my bolds and images.

Yesterday, May futures for WTI crude, a benchmark often used for U.S.-sourced oil, crashed into negative territory for the first time ever. It was the last day to trade a May contract, and with storage space filling up as oil demand craters, contract holders with nowhere to put the oil they were obligated to physically accept were forced to pay to have somebody take contracts off their hands. This moment represents a stunning new chapter in the ongoing oil crisis that has seen record drops for oil consumption and prices globally. Spot prices in May will remain depressed, and the June market is likely to be painful as well. It may seem like the days of $40 oil are behind us, and that we’re…

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The Late Roman Empire: The crucial decades

MSW's avatarWeapons and Warfare

The Roman Empire did not end overnight, in fact its decline, like its rise, was a very prolonged affair. One can understand Gibbon’s decision to continue the story all the way down to the Turkish occupation of Constantinople in 1453, though it also seems a great mistake, since the Roman-Byzantine state can scarcely be called an empire at any time between the late seventh and the early eleventh century. What is not rational is the decision to write as if the Roman Empire ended as early as the sixth or even the fourth century ad.

There are also those who think that the word `decline’ should be considered taboo in this context, but no thinking historian of political power will hesitate over that issue. The power of the Roman state contracted dramatically, and, though it is a commonplace that all empires end, this particular contraction merits an explanation – or…

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