This is the only picture ever taken of the Concorde flying at Mach 2 (1,350 mph). Taken from an RAF Tornado fighter jet, which only rendezvoused with Concorde for 4 minutes over the Irish Sea
26 Feb 2024 Leave a comment
in economic history, transport economics
📸 Look at this post on Facebook
https://www.facebook.com/share/XKSwzjxUr4X7YJL1/?mibextid=RXn8sy
Sorry, the Little Ice Age Does Exist
26 Feb 2024 Leave a comment
in economic history, environmental economics, global warming
By Andy May Renee Hannon (@hannon_renee) pointed out that Raphael Neukom, et al. (2019) compares the modern instrumental temperature record to the Pages2K proxy temperature record and declares that: “… we find that the coldest epoch of the last millennium—the putative Little Ice Age—is most likely to have experienced the coldest temperatures during the fifteenth […]
Sorry, the Little Ice Age Does Exist
Four Myths about Price Discrimination
26 Feb 2024 Leave a comment
in applied price theory, history of economic thought, industrial organisation Tags: competition and monopoly
In an earlier post, Soda Prices are Too Low for the FTC, the Biden Administration seems to be trying to turn back the clock to a time when price discrimination was viewed as bad. Lest we repeat the mistakes of the past, it is worthwhile to remember its lessons. See this 2003 talk by some middling FTC…
Four Myths about Price Discrimination
Friends with Benefits? Telephone Records Raise New Challenge to the Willis/Wade Testimony
26 Feb 2024 Leave a comment
in economics of crime, law and economics, politics - USA Tags: 2004 presidential election
In the movie Friends with Benefits, the character Jamie asks Dylan “why do I get the feeling this is the first real commitment you’ve ever made?” Dylan responds “It’s not. T-Mobile. Two years. And f*** do I regret that one!” The ongoing proceedings involving Fulton County District Attorney Fani Willis and lead prosecutor Nathan Wade […]
Friends with Benefits? Telephone Records Raise New Challenge to the Willis/Wade Testimony
How good was Paul Samuelson’s macroeconomics?
25 Feb 2024 Leave a comment
in business cycles, economic history, history of economic thought, macroeconomics, Milton Friedman, monetary economics Tags: monetary policy, wage and price controls
Reading the new Nicholas Wapshott book and also Krugman’s review (NYT) of it, it all seemed a little too rosy to me. So I went back and took a look at Paul Samuelson the macroeconomist. I regret that I cannot report any good news, in fact Samuelson was downright poor — you might say awful […]
How good was Paul Samuelson’s macroeconomics?
Government Intervention and Relative Prices
25 Feb 2024 Leave a comment
in economic history, economics of regulation, entrepreneurship, industrial organisation, macroeconomics
I periodically share Mark Perry’s famous “Chart of the Century” to show that government intervention is a recipe for rising relative prices.* Since economic principles don’t change when you cross national borders, one might expect to see similar patterns in other countries. And we do. Here’s a chart from Matthew Lesh of the Institute for […]
Government Intervention and Relative Prices
Best Chess Strategy to Find the Best Chess Moves in ANY Position || Lear…
25 Feb 2024 Leave a comment
in chess
On price control
25 Feb 2024 Leave a comment
in applied price theory, comparative institutional analysis, economic history, economics of bureaucracy, energy economics, environmental economics, global warming, income redistribution, industrial organisation, Public Choice, rentseeking Tags: price controls, The fatal conceit, unintended consequences, utility regulation
“Nothing Succeeds Like Excess”: New York’s Perverse Incentive in Pricing Trump Out of an Appeal
25 Feb 2024 Leave a comment
in economics of crime, financial economics, law and economics, politics - USA, property rights Tags: 2024 presidential election, regressive left
Below is my column in the New York Post on the confiscatory fines imposed on former president Donald Trump and his family and corporation. Democrats are thrilled by the over the $450 million bill facing Trump and the possibility that he could be forced to sell off property just to seek an appeal. On ABC, […]
“Nothing Succeeds Like Excess”: New York’s Perverse Incentive in Pricing Trump Out of an Appeal
Utopia, you are standing in it! 
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