Utopia, you are standing in it!

The central message of “Mitchell’s law” is certainly not something I concocted.

Economists and other policy experts have known for a couple of hundred years that politicians have a tendency to makes mistakes and then use the resulting damage as a justification for even more intervention.

I simply gave this phenomenon a name so I didn’t have to offer repeat explanations.

Over and over and over and over again.

Today we’re going to look at another example of politicians demanding more intervention to address a problem caused by previous interventions.

In an article for National Review, Michael Cannon has a very depressing explanation of how government has messed up the market for insulin.

…a proposal by congressional Democrats to mandate that private insurance companies cap out-of-pocket spending on insulin…neglects to address the way the government drives up the cost of insulin. Further intervention would make matters worse…

You can download my full paper “If Wages Fell During a Recession” with Dan Houser from the Journal of Economic Behavior and Organization (only free until September 24, 2022).

There is a simulated recession in our experiment. We ask what happens if employers cut wages in response. Although nominal wage cuts are rare in the outside world, some of our lab subjects cut the wages of their “employee”. Employees retaliated against nominal wage cuts by shirking, such that the employers probably would have been better off keeping wages rigid.

We also tried the same thing with an inflation shock that allowed the employer to institute a real wage cut without a nominal wage cut. The reaction to that real wage cut was muted compared to the retaliation against the obvious nominal wage cut.

Delusional reliance on unreliable wind and solar is a reason that governments are interfering in consumers’ power usage. Pitched under the euphemism “demand management”, state-controlled power rationing is the natural consequence of attempting to run on sunshine and breezes.

When the sun sets and calm weather sets in, wind and solar power can’t be bought at any price. Increase the capacity of the unreliables connected to your grid and get ready for not only rocketing power bills, but routine power rationing.

Once upon a time, electricity was cheap and it flowed like running water. Civil and ordered society demanded it.

These days, smart meters keep an eye on your power usage with the state ready to pull the plug without warning and without notice, notwithstanding that you are ready, willing and able to pay your bill.

The ability to slash your power usage is an altogether insidious exercise of power…

BBC 1980

Robert Kee (1919-2013) was already a veteran British broadcaster, writer, historian and journalist when his 1980 thirteen part series ‘Ireland: A Television History’ was first broadcast in Ireland and Britain.

The series was highly acclaimed as Kee followed Ireland’s complex history through the island’s development from pre-Christian times, to various uprisings down the centuries, explains the famine of 1845, the 1916 Rising, Independence and up to the late 1970s, with a specific emphasis on the creation of the modern independent republic and the roots of the Troubles. More importantly, the series presented many British viewers with their first detailed insight into the history of Irish politics, especially the issues surrounding sovereignty and identity in Northern Ireland. It could also be argued that the series did much the same for many Irish viewers too.

The series proved unexpectedly timely, since its broadcast coincided with increased tensions in Northern Ireland…

Michael Foley writes at Quora(Excerpts in italics with my bolds and added images.)

Q:  Why do most scientists believe that the climate is changing? 

A:  Because it is. But most scientists do not believe
human activity is the cause of the change.

The 97% of scientists belief fraud, which has been proven to be a fraud over and over again, was based on a review of the scientific literature on climate. Over 10,000 papers were reviewed and of those only about 2,000 mentioned climate change of those 1,900 were eliminated for various reasons (some of those reasons were bias based) resulting in 100 papers. Of those 100 papers 97 concluded that man’s activity may have a roll in climate change. They ranged from very likely to maybe, which is what came to be reported as the 97% figure.

There is no argument that the climate is changing,
it always…

Hornsea wind project
At least they admit solar panels don’t like too much sun: ‘work much less well in high temperatures’. But high pressure systems often mean very low wind speeds.
– – –
The ongoing drought in the UK and Europe is putting electricity generation under pressure, say experts.

Electricity from hydropower – which uses water to generate power – has dropped by 20% overall, says BBC News.

And nuclear facilities, which are cooled using river water, have been restricted.

There are fears that the shortfalls are a taste of what will happen in the coming winter.

BBC 1980

Robert Kee (1919-2013) was already a veteran British broadcaster, writer, historian and journalist when his 1980 thirteen part series ‘Ireland: A Television History’ was first broadcast in Ireland and Britain.

The series was highly acclaimed as Kee followed Ireland’s complex history through the island’s development from pre-Christian times, to various uprisings down the centuries, explains the famine of 1845, the 1916 Rising, Independence and up to the late 1970s, with a specific emphasis on the creation of the modern independent republic and the roots of the Troubles. More importantly, the series presented many British viewers with their first detailed insight into the history of Irish politics, especially the issues surrounding sovereignty and identity in Northern Ireland. It could also be argued that the series did much the same for many Irish viewers too.

The series proved unexpectedly timely, since its broadcast coincided with increased tensions in Northern Ireland…