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Should we keep the wealthy non-diversified? (from my email)
27 Sep 2024 Leave a comment
in applied price theory, economic history, entrepreneurship, history of economic thought, human capital, income redistribution, industrial organisation, labour economics, labour supply, liberalism, Marxist economics, occupational choice, poverty and inequality, Public Choice Tags: top 1%
Byrne Hobart writes to me: One of the purposes of inheritance taxes is to avoid compounding intergenerational wealth. But The Missing Billionaires points out that if all of America’s millionaires had put their money in broad market indices in 1900, their heirs would number 16,000 billionaires, even accounting for taxes, splitting estates among multiple children, etc. So […]
Should we keep the wealthy non-diversified? (from my email)
Renault CEO says sector could face billions in fines as EV sales slow
27 Sep 2024 1 Comment
in economics of climate change, economics of regulation, energy economics, environmental economics, environmentalism, global warming, transport economics Tags: electric cars
By Paul Homewood h/t Hugh Sharman Europe might not have a ZEV Mandate, but car makers still can’t escape the clutches of the eco loons: PARIS, Sept 7 (Reuters) – Europe’s autos industry could face fines of 15 billion euros ($17.4 billion) for carbon emissions due to slowing demand for electric […]
Renault CEO says sector could face billions in fines as EV sales slow
Generation IV: New Reactor Design Makes Ever-Reliable Nuclear Safer Than Ever
26 Sep 2024 Leave a comment
in energy economics, environmental economics, global warming, resource economics Tags: nuclear energy
Generating power reliably around-the-clock, nuclear power has always made sense – ask the French, for starters. When compared against the chaotic intermittency of wind and solar, and their need for massive and endless subsidies, nuclear power generation wins hands down. If anything, the disaster unfolding in places where increasing wind and solar capacity has wrecked […]
Generation IV: New Reactor Design Makes Ever-Reliable Nuclear Safer Than Ever
Spot on
25 Sep 2024 Leave a comment
in economics of regulation, environmental economics, environmentalism Tags: plastic straws
DARPA’s Little Secrets That Changed The World
25 Sep 2024 Leave a comment
in defence economics, war and peace Tags: Vietnam war
Wind & Solar Transition Delivers Crushing Power Prices With Much Worse to Come
25 Sep 2024 Leave a comment
in energy economics, environmental economics, global warming Tags: solar power, wind power
Think your power bill is crushing now; the worst is yet to come. The grand wind and solar ‘transition’ is – according to the 5 year planners – in its infancy, but already the effects of heavily subsidised and chaotically intermittent wind and solar are being spelt out in record retail power bills. To reach […]
Wind & Solar Transition Delivers Crushing Power Prices With Much Worse to Come
If You Want an Investment Portfolio Full of Dog Stocks Try Filling it With Renewable and Green Punts
24 Sep 2024 Leave a comment
in energy economics, environmental economics, financial economics, global warming Tags: celebrity technologies, solar power, wind power
Out in the real world where serious money talks, it is becoming obvious that the conclusion has been drawn that many green technologies, unless subsidised by the state, provide profit-free, second-rate solutions to problems invented around a politicised climate crisis.
If You Want an Investment Portfolio Full of Dog Stocks Try Filling it With Renewable and Green Punts
Energy Essentials: Why Modern Civilisation Critically Depends On Coal, Oil & Gas
24 Sep 2024 Leave a comment
in energy economics, environmental economics, global warming Tags: renewable energy, solar power, The Great Enrichment, wind power
In a world where humans are regarded as cockroaches and wilful ignorance a winning virtue, it’s little wonder that misanthropes in the West hate everything about coal, oil and gas. Except the myriad benefits that they bring. You won’t find the same attitudes being expressed in India, China and Indonesia – where hydrocarbons are dragging […]
Energy Essentials: Why Modern Civilisation Critically Depends On Coal, Oil & Gas
The high cost of free insurance
24 Sep 2024 Leave a comment
in applied price theory, economics of bureaucracy, economics of information, economics of regulation, environmental economics, politics - New Zealand, Public Choice, public economics, urban economics Tags: unintended consequences
Eric Crampton writes – Government sometimes cannot stop itself from providing bailouts when risk-taking goes wrong. This kind of ‘free’ insurance policy leads to no end of bad outcomes.
The high cost of free insurance
The Supreme Crisis of Chief Justice John Roberts
23 Sep 2024 Leave a comment
in law and economics, politics - USA
Below is my column in The Hill on growing crisis at the Supreme Court for Chief Justice John Roberts. A new breach of confidentiality shows cultural crisis at the Court. While the earlier leaking of the Dobbs decision could have come from a clerk, much of the recent information could only have originated with a […]
The Supreme Crisis of Chief Justice John Roberts
Bill Maher: comedy on comity
23 Sep 2024 Leave a comment
in politics - USA, television, TV shows Tags: 2024 presidential election, free speech, political correctness, regressive left
Earlier today I criticized Angel Eduardo for making a useful but un-original plea for comity between people of conflicting ideologies. (Try that with Jewish students and pro-Palestinian demonstrators!) Apparently a false rumor started that J.D. Vance (whom he calls a “giant asshole”) was copulating with his couch, leading to Maher’s claim that we’re all willing […]
Bill Maher: comedy on comity
Why the Fed Cut Sent Stocks Soaring
23 Sep 2024 Leave a comment
in applied price theory, entrepreneurship, financial economics, macroeconomics, monetary economics Tags: monetary policy
When rates go low, future profits go high. Everyone wants a cutBy Richard B. McKenzie. Excerpt:”Profits in the future, dollar for dollar, are worth less than current dollars. This is because current profits can earn interest between now and the future, which means that future profits must be discounted by some percentage to make them…
Why the Fed Cut Sent Stocks Soaring
Running an electric car is twice as expensive as a petrol one
23 Sep 2024 Leave a comment
in energy economics, environmental economics, global warming Tags: electric cars
By Paul Homewood h/t Philip Bratby Electric cars are up to twice as expensive as petrol or diesel vehicles to run, new figures have suggested. Running an electric vehicle (EV) can cost more than 24p per mile, while a diesel vehicle is 12.5p. It costs as much as 80p per kilowatt hour to charge […]
Running an electric car is twice as expensive as a petrol one
Utopia, you are standing in it! 
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