EU abandons ban of combustion engine cars – Britain needs to follow suit
27 Mar 2023 Leave a comment
RB chief economist on inflation
27 Mar 2023 Leave a comment
It would be nice to know what macroeconomic model the bank uses apart from it is not our fault?
It was something of a (perhaps minor) landmark event last Thursday when the Reserve Bank’s chief economist Paul Conway gave an on-the-record speech on inflation. It was only Conway’s second on-the-record speech (the first was on housing, something the Bank has little or no responsibility for) and thus only the second speech from a Reserve Bank chief economist for almost five years. Five years in which chief economists have become statutory decisionmakers (members of the MPC), in which monetary policymakers have dealt with a huge and expensive shock, and in which inflation – prime focus of central bank monetary policy – has been let run amok in ways never seen previously (arguably never envisaged) in the first 30 years of inflation targeting. And when (a) external MPC members are barred from research/analysis, and (b) barred from speaking or disinclined to do so, and (c) the chief economist’s own boss…
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More Evidence Showing the US Should Not Become a European-Style Welfare State
27 Mar 2023 Leave a comment
The United States has a medium-sized welfare state and nations in Western Europe have large-sized welfare states.
Which approach is better (or, to be more accurate, less worse)?
To answer that question, you want to compare living standards. And that means looking at how much people earn, adjusted for factors such as how much they get to keep after taxes.
The United States wins that contest. Americans earn more and they get to keep more.
That’s apparent when you look at average levels of consumption on both sides of the Atlantic. And it’s even true when you compare living standards of low-income and poor Americans to living standards for average Europeans.
But what if Americans only earn more because they work longer hours? When my left-of-center friends make this argument, my usual response has been that Americans choose to work longer hours because they have better incentives…
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New Rule: Ditch Your Dating App | Real Time with Bill Maher
27 Mar 2023 Leave a comment
in television, TV shows
Bobby Fischer Crushes Everyone and Then Continues Crushing Everyone
27 Mar 2023 Leave a comment
in chess
Speaking up for women silenced
26 Mar 2023 Leave a comment
This is not the way to win friends or persuade people to your views. It is a shameful display of violence:
. . . As soon as she arrived, an activist who was also in there under false pretences, threw what looked like tomato sauce or soup all over KJK and the women who stood next to her. It seemed almost as though this was a signal of sorts, because suddenly there were no more barriers, no more fences – we were utterly surrounded. I couldn’t see a single Marshall in the crowd and feared for their safety as the sea of screaming, chanting and feral protesters swarmed the rotunda.
For awhile, they stayed off the rotunda and we made an effort to get a couple of elderly & disabled women up onto the rotunda with us. My thinking at that stage was that the police would arrive any…
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A Major Victory for Students in Florida
26 Mar 2023 Leave a comment
I almost feel sorry for the union bosses at the National Education Association and the American Federation of Teachers.
They were upset when West Virginia adopted statewide school choice in 2021 and they got even angrier when Arizona did the same thing in 2022.
So you can only imagine how bitter they are about what’s happened so far in 2023.
- Iowa has approved statewide school choice
- Utah has approved statewide school choice
- Arkansas has approved statewide school choice
But notice I started this column by stating that “I almost felt sorry” for union bosses.
In reality, I’m actually overjoyed that they are having a very bad year. Teacher unions are the leading political force in trying to keep kids trapped in bad schools, an approach that is especially harmful to minorities.
Their bad year just got much worse.
That’s because Florida just expanded its school choice program so…
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Eat Meat From Animals That Deserved to Die | We The Internet TV
26 Mar 2023 Leave a comment
in politics - Australia, politics - New Zealand, politics - USA Tags: political correctness, vegetarianism
Wind & Solar Power: Always & Everywhere Totally Unreliable & Insanely Expensive
25 Mar 2023 Leave a comment
The wind and sun might be free, but the true and total cost of wind and solar power is truly astronomical.
Every country that’s hitched its wagon to the subsidised wind and solar scam has seen retail power prices rocket; with no single exception.
Francis Menton has been trawling through the evidence for some time and comes to that very conclusion below.
Rank Innumeracy On The Cost Of Electricity From Renewables
Manhattan Contrarian
Francis Menton
21 February 2023
A recurring theme here at Manhattan Contrarian is that the “smart” people who seek to run the world are not really very smart. They may have gotten high scores on the SATs, and they may have attended fancy universities, but when it comes to practical knowledge of how the world works they are often complete idiots.
A special case of this phenomenon is that the highest gurus of high finance — the…
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