Iron Felix Dzerzhinsky – Head of the CheKa, Architect of the Red Terror
04 Mar 2023 Leave a comment
in law and economics, Marxist economics Tags: Russian revolution
Russia Just Took a Big Dam Risk. Is Moscow Running out of Soldiers
04 Mar 2023 Leave a comment
in defence economics, war and peace Tags: Ukraine
The US Arms Industry – The Fight for Douaumont I THE GREAT WAR – Week 84
03 Mar 2023 Leave a comment
in defence economics, war and peace Tags: World War I
Britons paying hundreds of millions to turn off wind turbines as network can’t handle the power they make on the windiest days
02 Mar 2023 Leave a comment
Electricity transmission [credit: green lantern electric]
Not a new story, but problems are getting worse thanks to net zero obsessions. Why authorise new capacity in areas where transmission lines are known to be inadequate?
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UK consumers are paying hundreds of millions of pounds to turn wind turbines off because the grid cannot deal with how much electricity they make on the windiest days, says Sky News.
The energy regulator Ofgem has told Sky News it is because the grid is “not yet fit for purpose” as the country transitions to a clean power system by 2035.
The National Grid Electricity System Operator (ESO), which is responsible for keeping the lights on, has forecast that these “constraint costs”, as they are known, may rise to as much as £2.5bn per year by the middle of this decade before the necessary upgrades are made.
The problem has arisen…
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Dropping Money from Helicopters: John Cochrane on Inflation
01 Mar 2023 Leave a comment
in budget deficits, business cycles, comparative institutional analysis, development economics, economic growth, economic history, economics of regulation, entrepreneurship, environmental economics, financial economics, global financial crisis (GFC), great recession, growth miracles, history of economic thought, inflation targeting, macroeconomics, Milton Friedman, monetarism, monetary economics, public economics

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