Jimmy Carter, the 39th president of the United States, died today at the age of 100. He was the oldest-ever former president of the United States. It is also worth noting that he was married to Rosalynn Carter for an impressive 77 years. George H.W. Bush was the second-oldest former president, passing at the age […]
James E. Carter (1924-2024)
James E. Carter (1924-2024)
30 Dec 2024 Leave a comment
in economic history, politics - USA
As Germany’s Energy Crisis Heightens, Two Brief Windless Periods Pushes Grid To The Limit!
30 Dec 2024 Leave a comment
in economics of climate change, energy economics, environmental economics, environmentalism, global warming Tags: Germany
It is also often forgotten that wind turbines consume electricity when they are stationary or switched off. This is because all technical components (oil pumps, fans, control systems, etc.) must remain in operation even when they are still. Vestas specifies an electricity consumption of 55,000 kWh per year for a 4.2 MW turbine at standstill. During production times, the turbine supplies itself with electricity. But it is virtually idle 120 days a year.
As Germany’s Energy Crisis Heightens, Two Brief Windless Periods Pushes Grid To The Limit!
German Death Wish On Display
30 Dec 2024 Leave a comment
in economics of climate change, energy economics, environmental economics, environmentalism, global warming Tags: Germany
Tilak Doshi describes the self-inflicted German downfall in his Daily Sceptic article Germany’s Economic and Political Suicide. Excerpts in italics with my bolds and added images. It’s that festive time of the year when interesting tales get told around a fireplace. So here goes (minus the fireplace). Once upon a time there lived a country […]
German Death Wish On Display
On the Great F.A. Hayek
30 Dec 2024 Leave a comment
in applied price theory, applied welfare economics, economic history, F.A. Hayek, history of economic thought
TweetJonathan Fortier and his colleagues at Libertarianism.org produced this truly splendid 21-minute-long video to commemorate the 50th anniversary of Hayek’s receipt of the Nobel Prize in economics. The post On the Great F.A. Hayek appeared first on Cafe Hayek.
On the Great F.A. Hayek
System Balancing Costs
30 Dec 2024 Leave a comment
in economics of climate change, energy economics, environmental economics, environmentalism, global warming Tags: British politics, wind power
By Paul Homewood David Rose had a good article on wind constraint payments the other day on UnHerd. You can read it here. He began with the example of the Seagreen Offshore Wind Farm, commissioned two years ago. It lies just off the Scottish coast at Montrose. Seagreen has capacity of 1.1 GW, but as […]
System Balancing Costs
Top MR Posts of 2024!
30 Dec 2024 Leave a comment
in applied price theory, discrimination, gender, health and safety, human capital, international economics, labour economics, labour supply, occupational choice, politics - USA, poverty and inequality Tags: economics of immigration, gender wage gap, Internet, political correctness, regressive left
The number one post this year was Tyler’s The changes in vibes — why did they happen? A prescient post and worth a re-read. Lots of quotable content that has become conventional wisdom after the election: The ongoing feminization of society has driven more and more men, including black and Latino men, into the Republican […]
Top MR Posts of 2024!
International Regulatory Authority Says California Grid at Risk of Energy Shortfalls
29 Dec 2024 Leave a comment
in economics of climate change, energy economics, environmental economics, environmentalism, global warming, politics - USA Tags: California, solar power, wind power
“With a resource portfolio that includes a substantial amount of solar [panels], the risk of supply shortfall is associated with summer evening periods when demand is high and solar output is diminished.”
International Regulatory Authority Says California Grid at Risk of Energy Shortfalls
Argentina facts of the day
29 Dec 2024 Leave a comment
in budget deficits, comparative institutional analysis, development economics, economic growth, economics of bureaucracy, economics of regulation, F.A. Hayek, financial economics, fiscal policy, growth disasters, income redistribution, international economics, labour economics, law and economics, liberalism, libertarianism, macroeconomics, Milton Friedman, monetarism, monetary economics, property rights, Public Choice, rentseeking, unemployment Tags: Argentina
Argentina’s bonds have already rallied dramatically. One gauge of the nation’s hard-currency debt, the ICE BofA US Dollar Argentina Sovereign Index, has generated a total return of about 90% this year. Meanwhile, the S&P Merval Index has risen more than 160% this year through Monday, far outpacing stock benchmarks in developed, emerging and frontier markets […]
Argentina facts of the day
What is a woman? My discussion on a Freedom From Religion Foundation website
29 Dec 2024 Leave a comment
in discrimination, gender, law and economics, liberalism, Marxist economics, politics - USA Tags: free speech, gender gap, political correctness, regressive left, sex discrimination
So here’s the story. I’m not only a member and supporter of the Freedom From Religion Foundation, but am also on its Honorary Board. Thus I was doubly distressed when I saw the post below on their website Freethought Now!, a post that completely ignores the widely-accepted biological definition of a woman—one based on the […]
What is a woman? My discussion on a Freedom From Religion Foundation website
Creative destruction
29 Dec 2024 Leave a comment
in economic history, entrepreneurship Tags: creative destruction
On Trump On Panama Canal Fees
29 Dec 2024 Leave a comment
in applied price theory, international economics, International law, politics - USA Tags: 2024 presidential election, tarrifs
TweetThis letter of mine appears in today’s New York Times: To the Editor: Donald Trump complains that the fees Panama charges for ships to use its canal are a “complete ‘rip-off.’” How mysterious. Given Mr. Trump’s belief that “the most beautiful word in the dictionary is ‘tariff,’” he should be pleased that these fees are…
On Trump On Panama Canal Fees
More Police, Fewer Prisons, and Other Ways to Reduce Crime
29 Dec 2024 Leave a comment
in applied price theory, economics of crime, human capital, labour economics, labour supply, law and economics, occupational choice, politics - USA Tags: crime and punishment, criminal deterrence, law and order
What does the existing research evidence say about how to reduce crime? Jennifer Doleac offers and over overview in “Why Crime Matters, and What to Do About It.” It appear as an essay in a book published by the Aspen Economic Strategy Group, Strengthening America’s Economic Dynamism, edited by Melissa Kearney and Luke Pardue. You…
More Police, Fewer Prisons, and Other Ways to Reduce Crime
Two examples of wages rising for one occupation leading workers to move into it from other occupations
29 Dec 2024 Leave a comment
in applied price theory, economic history, human capital, labour economics, labour supply, minimum wage, occupational choice, poverty and inequality
See $500,000 Pay, Predictable Hours: How Dermatology Became the ‘It’ Job in Medicine: Americans’ newfound obsession with skin care has medical students flocking to this specialty by Te-Ping Chen of The WSJ. Excerpts:”Four-day workweeks, double the salary of some colleagues and no emails at night. If those perks sound like they belong to a few vaunted…
Two examples of wages rising for one occupation leading workers to move into it from other occupations
Ludendorff Plans for a Spring Offensive I THE GREAT WAR – Week 179
29 Dec 2024 Leave a comment
in defence economics, war and peace Tags: World War I
Our Lying Eyes: New Photo Shows Biden with Hunter ‘s Business Associates Despite Past Denials
28 Dec 2024 Leave a comment
in economics of crime, law and economics, politics - USA Tags: 2024 presidential election
“Lies.” That response was a mantra for President Joe Biden, who denied ever meeting or knowing about his son’s foreign dealings. Despite the pronounced lack of interest by most media outlets in the alleged multimillion dollar influence-peddling scheme, the House and conservative groups have doggedly pursued the matter and found overwhelming evidence that the President […]
Our Lying Eyes: New Photo Shows Biden with Hunter ‘s Business Associates Despite Past Denials
Utopia, you are standing in it! 
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