Utopia, you are standing in it!

Since teacher unions care more about lining their pockets and protecting their privileges rather than improving education, I’ll never feel any empathy for bosses like Randi Weingarten.

That being said, the past couple of years have been bad news for Ms Weingarten and her cronies.

Not only is school choice spreading – especially in states such as Arizona and West Virginia, but we also are getting more and more evidence that competition produces better results for schoolkids.

In a study published by the National Bureau of Economic Research, Professors David N. Figlio, Cassandra M.D. Hart & Krzysztof Karbownik found that school choice led to benefits even for kids who remained stuck in government schools.

They enjoyed better academic outcomes, which is somewhat surprising, but even I was pleasantly shocked to see improved behavioral outcomes as well.

School choice programs have been growing in the United States and worldwide over the…

With power consumers suffering the disastrous consequences of the wind and solar transition in Germany and Britain, the MSM are still doing their best to deflect attention from the obvious cause.

How we found ourselves in a world where power prices are simply unaffordable, and power can only be delivered according the vagaries of the weather, isn’t all down to rent-seeking crony capitalists and politicians on the take. No, the mainstream media have been in it, up to their necks. They still are.

Notwithstanding the renewable energy driven disaster unfolding in Europe, the MSM keep dishing up propaganda memes about wind power being cheaper than coal (it isn’t) or that the ‘transition’ to an all-wind and sun powered future is simply ‘inevitable’. Notwithstanding overwhelming evidence to the contrary.

Another classic line is about such and such wind farm ‘powering’ 100,000 homes. Which is clearly meant to give the impression that…

A couple of weeks ago I wrote a post here, prompted by a paper by the former Bank of England Deputy Governor Sir Paul Tucker. Tucker’s paper was written in the context of the huge losses central banks in many countries, including his own UK, have run up through their large scale asset purchase programmes, especially those undertaken in 2020 and 2021 when bond yields (actual and implied forwards) were already incredibly low. While central banks continue to hold the bonds, the losses are seen every year now as the funding costs on those bond positions (the interest paid on the resulting settlement cash balances) swamp the low earnings yields on the bonds themselves. Bond positions purchased at yields perhaps around 1 per cent are financed with floating rate debt now paying (in New Zealand) 3.5 per cent (a rate generally expected to rise quite a bit further).

Tucker explored…

Every country chasing the wind and solar ‘transition’ is suffering from a mix of power rationing and rocketing prices. There is no exception.

Which brings us to our sunny land, Australia.

Blessed with abundant reserves of coal, gas and uranium, it ought to enjoy the world’s cheapest power prices (20 years ago, it did).

Now, however, since the Federal government’s Renewable Energy Target ramped up in 2009, power prices have been increasing at double-digit rates, with much worse to come. Michael Crawford’s graph was drawn in 2018; retail power prices have close to doubled, since then.

Current predictions are that Australian retail power prices will jump a further 35%, next year, following the closure of more reliable coal-fired plants.

Just like California, Germany, Denmark and the UK Australia’s obsession with chaotically intermittent wind and solar has a price. And it’s hard-pressed households and battling businesses who end up paying it.

“Renewable energy technologies simply won’t work;
we need a fundamentally different approach.”
–Top Google engineers

“Suggesting that renewables will let us phase rapidly off fossil fuels
in the United States, China, India, or the world as a whole
is almost the equivalent of believing in the Easter Bunny and Tooth Fairy.
– James Hansen
(Former NASA-climate chief)

“It is so easy to be wrong
—and to persist in being wrong—
when the costs of being wrong are paid by others.
– Thomas Sowell

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If there was ever a better (scientific) advertisement for the uselessness of UNreliables (wind and solar) then it is this.

According to economist Jeff Currie of Goldman Sachs, over the past decade, nearly four-thousand-billion-dollars of taxpayer money has been spent on windmills and mirrors to reduce fossil fuel energy consumptionby 1 percent from 82 to 81 percent of overall global energy consumption.

How…