
Lucas on moral hazard and banking crises
15 Feb 2019 Leave a comment
in applied price theory, business cycles, economics of regulation, Euro crisis, global financial crisis (GFC), great depression, great recession, industrial organisation, law and economics, macroeconomics, monetary economics, Robert E. Lucas Tags: banking panics, moral hazard

Day 46 of @Eugeniesage’s #plasticbagfascism: 18th bag
15 Feb 2019 Leave a comment
in environmental economics, politics - New Zealand Tags: recycling

Why Death by Lightsaber Would Be Much Worse in Real Life! (Because Science w/ Kyle Hill)
15 Feb 2019 Leave a comment
in movies
Why Living On The Starship Enterprise Would Actually Be Awful
15 Feb 2019 Leave a comment
in movies, television
Armed robbers apprehended at the U of C after a chase and a crash; school paper publishes photo of one suspect; students use the incident to criticize our armed cops
15 Feb 2019 Leave a comment
So children grow and can change. Twitter believes in one strike and you are out for any teenage stupidity.
We had a bit of excitement here on Monday when, sitting at my desk, I got three successive email alerts from the campus authorities that there were criminal suspects loose on campus. The final one was that they were apprehended. But the first ones, like this, were a bit scary:
Shelter in place! That sounds ominious. Eventually we got the all clear, and it turned out that, according to the Chicago Maroon, there was a crime, a crash, and a chase (click on screenshot):
Summary from the paper (it was an armed robbery):
At around 11:48 a.m., a stolen black Dodge Charger believed to have been involved in the robbery of a GameStop ran a red light on the intersection of Midway Plaisance and South Woodlawn Avenue, supposedly while chased by police. In the process, it ran into two additional cars, damaging both significantly. The driver of one of the vehicles escaped…
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William & Mary proclaimed joint sovereigns.
15 Feb 2019 Leave a comment
On this date in History: February 13, 1689. William III-II and Mary II were created joint sovereigns of England, Scotland and Ireland.
William III (Dutch: Willem; November 4, 1650 – March 8, 1702), also widely known as William of Orange, was sovereign Prince of Orange from birth, Stadtholder of Holland, Zeeland, Utrecht, Gelderland and Overijssel in the Dutch Republic from 1672 and King of England, Ireland and Scotland from 1689 until his death in 1702. As King of Scotland, he is known as William II. He is sometimes informally known in Northern Ireland and Scotland as “King Billy.”

William III-II, Prince of Orange, Stadtholder of Holland, Zeeland, Utrecht, Gelderland and Overijssel in the Dutch Republic. King of England, Ireland and Scotland.
Mary II (April 30, 1662 – December 28, 1694) was Queen of England, Scotland, and Ireland, co-reigning with her husband and first cousin, King William III and II, from…
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Wind & Solar Chaos Leaves Europe’s Power Grid On Brink of Total Collapse
15 Feb 2019 Leave a comment
Germany led the way, and others soon followed: erratically delivered wind and solar now dominates Europe’s power grid. Naturally enough, power prices have rocketed and grid managers are left to deal with the chaos delivered by sunset and/or calm weather.
Rapid surges and/or collapses in voltage and frequency – consequent upon surges and collapses in wind and solar output – require instant and very costly ‘interventions’.
These interventions involve ramping up the output from conventional generators (gas or coal-fired plant) whenever the sun sets, the skies cloud up or the wind drops. Conversely, conventional plants are knocked off-line and forced to ramp down when solar and/or wind output picks up.
The additional cost to power consumers is staggering, and continues to mount.
Pierre Gosselin takes a look at the unfolding disaster, starting with Switzerland.
The Green Energies Of Instability…Swiss Power Grid Requires 200 Fold More Intervention Than 8 Years Ago!
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The degrowth left hate the Industrial Revolution; @Oxfamnz have no idea what institutional reforms caused it
15 Feb 2019 1 Comment
in development economics, economic history, growth disasters, growth miracles Tags: The Great Enrichment
Is the world really getting poorer? A response by Steve Pinker
15 Feb 2019 Leave a comment
I don’t mean to be Pinker’s Fanboy, but I’ve had some recent correspondence with him that I thought would be enlightening to readers, and got his permission to share it. (The first exchange was about Pinker’s supposed misuse of quotations in Enlightenment Now, which turned out to be a kerfuffle about nothing.)
Now we’re on to a Guardian piece that claims that Bill Gates—and by extension, Pinker—are wrong to claim that poverty has decreased in the world over the last two centuries. It started with this tweet from Bill Gates, who, on the way to the Davos Summit, summarized in a tweet six indices of improvement that he saw on the Our World in Data site. Here’s Gates’s tweet:
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Bath Salts – worse than meth?
15 Feb 2019 Leave a comment
in economics of crime, health economics, law and economics
The gender commuting gap widens considerably in the first decade after childbirth
15 Feb 2019 Leave a comment
in discrimination, economics of love and marriage, gender, labour economics, labour supply, occupational choice, transport economics Tags: gender wage gap






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