
From https://economistsview.typepad.com/economistsview/2008/12/policy-lags.html
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
16 Apr 2020 Leave a comment
in applied price theory, business cycles, economics of bureaucracy, economics of information, fiscal policy, macroeconomics, monetary economics, Public Choice
16 Apr 2020 Leave a comment
How did we let this happen? Once the COVID-19 coronavirus crisis passes, we will need to make a serious reassessment of our risk management tools and capacities. This pandemic has shown how woefully ill-equipped the authorities of most Western democracies were in the art of managing risks and protecting the most vulnerable in society. This three-part series aims to establish a blueprint for a future risk management world equipped to handle the challenges of the 21st century. Part 1 looked at how the precautionary principle failed as a risk management policy tool. Part 2 will be divided into three parts: first looking at the docilian decline: how individuals and policymakers had become receptive and docile in their attitude toward risk. The second section looks at the four factors giving rise to this risk-averse “docilian mindset” over the last two decades and how it unravelled with the COVID-19 coronavirus. In the…
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16 Apr 2020 Leave a comment
In another era, it would have been the lead story on every news channel. But in a country brainwashed into believing it’s apocalypse now, either from global warming or Covid-19 (and possibly both), news of a “significant” oil and gas discovery offshore in Taranaki barely registered in the mainstream media, although the New Zealand Herald did record it in the business pages.
There has not been a major energy find in NZ since 2006, and given New Zealand has only 11 years of gas reserves left, the discovery could be an exciting outcome at a crucial phase for the NZ economy.
Austrian giant OMV reported the Toutouwai-1 wildcat, drilled to a total depth of 4,317m some 50 km off the Taranaki coast in 130m of water, encountered several hydrocarbon-charged reservoir zones during drilling.
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16 Apr 2020 Leave a comment
But first an update of the chart showing numbers of new announced coronavirus cases for New Zealand and Australia (the latter divided by five to produce a comparable per capita number).

A few days on from the last time I ran the chart and New Zealand is still finding about twice as many new cases per capita as Australia. At the margin, we seem to do be doing a few more tests per capita each day than Australia is – in both countries the number of tests being done has fallen back from the peak. But despite our more restrictive regime, we don’t seem to be producing better (lower new cases) results than Australia. Who knows why, although those left-wing academics from Otago, professors Baker and Wilson, while lavishing praise on the Prime Minister in the Guardian
One critical success factor that is, unfortunately, harder to guarantee is high-quality…
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16 Apr 2020 Leave a comment
in applied welfare economics, economic growth, health economics, politics - Australia, politics - New Zealand

From https://www.google.com/covid19/mobility/


From https://castalia-advisors.com/comparing-the-new-zealand-and-australian-states-responses-to-covid-19/
16 Apr 2020 Leave a comment
in business cycles, econometerics, economic growth, economics of natural disasters, health economics, labour economics, labour supply, macroeconomics, managerial economics, organisational economics, personnel economics Tags: economics of pandemics
16 Apr 2020 Leave a comment
in defence economics, development economics, discrimination, economics of crime, economics of religion, gender, growth disasters, law and economics, laws of war, politics - USA, war and peace Tags: Age of Enlightenment, free speech, Freedom of religion, political correctness, regressive left, war against terror
16 Apr 2020 Leave a comment
in economics of crime, economics of love and marriage, economics of religion, law and economics, politics - Australia, politics - New Zealand, politics - USA Tags: free speech, Freedom of religion, law and order, political correctness, regressive left, sex discrimination

16 Apr 2020 Leave a comment
in business cycles, economic history, financial economics, great depression, great recession, labour economics, labour supply, macroeconomics, monetarism, monetary economics, unemployment Tags: Keynesian macroeconomics, New Keynesian macroeconomics
15 Apr 2020 Leave a comment
Have an election today and the government would bolt in, primarily because of Jacinda’s star power induced by the media’s obsession with her. But the election is six months away and then, I’m picking a change of government.
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15 Apr 2020 Leave a comment
Wind and large-scale solar are doomed, but the saviour is said to be pumped hydro; paid for, of course, with other people’s money.
Touted by ex-PM Malcom Turnbull and his hapless sidekick, Josh Frydenberg as the Nation’s mega-battery, the heavily-hyped Snowy 2.0 pumped hydro scheme (shelved in the 1970s because it was uneconomic then) has been heralded as the saviour for the Australian wind industry.
The line goes something like this: if we use 3 MWh of wind power to pump water through 27 km of tunnels, over an elevation of 900m, later, when power consumers actually need it, Snowy Hydro could return 2 MWh to the grid.
Never mind squandering 1/4 to 1/3 of the electricity originally generated; never mind that with the inclusion of the $85 per MWh REC the cost of the wind power involved exceeds $110 per MWh; never mind that the owners of Snowy 2.0…
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15 Apr 2020 Leave a comment
From the Emperor’s Desk: A few days ago I compared the joint rule of Mary I of England and Felipe II of Spain with that of William III and Mary II. Today I’d like to examine the reign of Mary II as co-sovereign with her husband.
Mary II (April 30, 1662 – December 28, 1694) was Queen of England, Scotland, and Ireland, co-reigning with her husband, King William III-II, from 1689 until her death. Popular histories usually refer to their joint reign as that of William and Mary.

Queen Mary II of England, Scotland and Ireland.
Although their father James, Duke of York, was Roman Catholic, Mary and her younger sister Anne were raised as Anglicans at the wishes of their uncle, King Charles II. Charles lacked legitimate children, making Mary second in the line of succession.
William and Mary were first cousins. Her father, James, Duke of York…
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15 Apr 2020 Leave a comment
by Judith Curry
On the importance of expertise from other fields for COVD19 and climate change.
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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
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
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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Celebrating humanity's flourishing through the spread of capitalism and the rule of law
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