Crony capitalists come in all shapes and sizes, and so do their political enablers. The whole point of patronage, networking and gladhanding is obtaining benefits not available to anyone else. The only people that complain about a rort are those that aren’t in on it. The Climate Industrial Complex was built on will the back […]
Reuters: Mark Cuban’s Cost Plus Drug Company said…that it is working with the U.S. Food and Drug Administration to import and distribute penicillin in the country temporarily….Cuban’s Cost Plus will import Lentocilin brand penicillin powder marketed by Portugal-based Laboratórios Atral S.A. There are two remarkable items in the above passage. First, there is a shortage…
Hard on the heels of the Commerce Commission’s inquiry into some aspects of banking competition, Parliament’s Finance and Expenditure Committee is also holding an inquiry. Submissions weren’t open for very long and have now closed, but the full terms of reference are here. It is a select committee inquiry, so it is hard to be […]
Economists widely agree with the theory of “convergence,” which is the (mostly true) idea that poor nations should grow faster than rich nations as they catch up (converge). But there are exceptions. Sometimes a richer country will grow faster than a poorer country over a significant period of time, and we can learn from these examples. This is […]
he reason is that the intermittency of wind and solar generators means that they require full back-up from some other source. But the back-up source will by hypothesis be woefully underused and idle most of the time so long as most of the electricity comes from wind and sun. No back-up source can possibly be economical under these conditions, and therefore nobody will develop and deploy such a source.
Here’s Bill Maher’s latest (8-minute) comedy bit from “Real Time”. Surprisingly, it’s very patriotic. Maher extols the Harris’s campaign emphasis on patriotism and the privilege of being an American, but kvetches that the young folk aren’t buying it. His example: the vocal attempts of pro-Palestinian protestors to bring down America. Yes, whether or not they’re […]
There is no such thing as an empirical proof. Empirical observations and experiments are always open to doubt, even if to a miniscule extent. So the proof that 1+1=2 is not obtained by conducting a survey to observe all instances of 1 plus 1 objects, and seeing if they make 2. The proof that 1+1=2 […]
hoebe and Anna have just been sentenced to 2 years and 20 months in prison respectively after throwing soup over the glass frame of Van Gogh’s ‘Sunflowers’.
This article just appeared in Spiked (click headline below to read), but you can see a similar piece in the Times of Israel. The upshot is that the BBC, which has long bridled at using the word “terrorists” for Hamas, is now bridling again when the Beeb itself shows a documentary about the Nova Music […]
Why Evolution is True is a blog written by Jerry Coyne, centered on evolution and biology but also dealing with diverse topics like politics, culture, and cats.
In Hume’s spirit, I will attempt to serve as an ambassador from my world of economics, and help in “finding topics of conversation fit for the entertainment of rational creatures.”
“We do not believe any group of men adequate enough or wise enough to operate without scrutiny or without criticism. We know that the only way to avoid error is to detect it, that the only way to detect it is to be free to inquire. We know that in secrecy error undetected will flourish and subvert”. - J Robert Oppenheimer.
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