
From https://files.stlouisfed.org/files/htdocs/publications/review/2014/q3/lucas.pdf
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
23 Apr 2022 Leave a comment
in business cycles, global financial crisis (GFC), macroeconomics, monetary economics, Robert E. Lucas
23 Apr 2022 Leave a comment
Irish farm [image credit: climatenewsnetwork.net]
Yet another climate folly induced by arbitrary targets. As usual they conveniently forget that most of their so-called ‘greenhouse’ gas is water vapour, which depends on the temperature. There’s so little methane in the atmosphere it has to be measured in parts per billion, but alarmism has taken over.
– – –
In order for legally binding climate targets to be met, and agricultural subsidies to be granted, the number of livestock on the island needs to go down says Buzz.
The size of herds both North and South of the border is being scrutinised. It is likely both cow and sheep herds on both sides of the border will need to be cut – and soon.
View original post 230 more words
23 Apr 2022 Leave a comment
in applied welfare economics, economic growth, economic history, labour economics, politics - New Zealand, poverty and inequality, welfare reform Tags: pessimism bias, regressive left

23 Apr 2022 Leave a comment
Since I just landed in London, it appropriate that today’s column will be based on an article in the U.K.-based Economist.
A recent issue of the magazine included an article lauding the Internal Revenue Service.
Why?
What could the bureaucrats have done to earn praise?
You’ll be amazed to learn that the Economist believes the IRS helped the economy by becoming a vehicle for income redistribution.
I’m not joking. Here are some excerpts from the article.
Despite its awful backlog, the irs has, from another perspective, had a very good pandemic. It has played a critical role in delivering support to Americans. And it has been surprisingly efficient at it. For each of the three rounds of stimulus payments, the irs was the conduit.
Within two weeks of Mr Biden’s signing of the stimulus bill in March 2021, for instance, it sent out $325bn via 127m separate…
View original post 430 more words
23 Apr 2022 Leave a comment
in defence economics, laws of war, war and peace Tags: World War I
23 Apr 2022 Leave a comment
Introduction
Democracy Watch touts itself as “the most effective and successful national citizen advocacy group in Canada at winning systemic changes to key laws since […] 1993.”[1] But it has certainly not met with success in its quixotic crusade against the true nature of Canada’s fixed-date election laws. On the contrary, Democracy Watch, the dissolution-chasing advocacy group undaunted by a series of judicial defeats, has now suffered its sixth rout since 2009 and has come one step closer to proving the colloquial definition of insanity as trying the same thing over and over and expecting different results. Justice Russel W. Zinn’s ruling in Democracy Watch et al. v Prime Minister of Canada et al. follows closely on the heels of Democracy Watch v New Brunswick (the Attorney General), where Justice E. Thomas Christie delivered Democracy Watch another embarrassing defeat on 29 October 2021.[2] The…
View original post 4,660 more words
22 Apr 2022 Leave a comment

Our Boris misleading? Where have we heard that one before? The government likes to pretend ‘green’ subsidies are doing people a favour and somehow saving the climate, but they aren’t.
– – –
Net Zero Watch has accused the Prime Minister of being economical with the truth about the cost of renewable energy levies.
Speaking during his visit to India, Mr Johnson rejected growing calls for scrapping green levies on energy bills, claiming that renewable energy “has helped to reduce bills”.
View original post 151 more words
22 Apr 2022 Leave a comment
These things are meant to save us from a changing climate but, when the weather turns wild, they can barely save themselves. 50-60m long blades, weighing in at 20 tonnes each, are usually the first item to be shredded and thrown in all directions (the wind industry uses the neutral term “component liberation”).
Then, if serious breezes persist, the whole kit and caboodle hits the dirt; which means all three of those 20-tonne blades join the 90-tonne nacelle (which houses the gearbox and generator) in an exhilarating 100m freefall.
When the wind goes beyond gale force, you can forget about receiving any meaningful electricity. Indeed, wind speeds barely need to reach gale force and these things go into automatic shutdown, as appears on German turbine maker, Siemen’s website – which has this to say about the automatic shutdown of wind turbines when wind speeds hit 25m/s (90km/h):
Nature presents us with…
View original post 388 more words
22 Apr 2022 Leave a comment
In 1945, Friedrich A. Hayek published under the title “The Use of Knowledge in Society,” in The American Economic Review, one of his most celebrated essays -both at the time of its appearance and today- and probably, together with other studies also later compiled in the volume Individualism and Economic Order(1948), one of those that have earned him the award of the Nobel Prize in Economics, in 1974.
His interpretation generates certain perplexities about the meaning of the term “knowledge”, which the author himself would clear up years later, in the prologue to the third volume of Law, Legislation and Liberty (1979). Being his native language German, Hayek explains there that it would have been more appropriate to have used the term “information”, since such was the prevailing meaning of “knowledge” in the years in which such essays had been written. Incidentally, a similar clarification is…
View original post 1,566 more words
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
A History of the Alt-Right
Econ Prof at George Mason University, Economic Historian, Québécois
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Scholarly commentary on law, economics, and more
Beatrice Cherrier's blog
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Why Evolution is True is a blog written by Jerry Coyne, centered on evolution and biology but also dealing with diverse topics like politics, culture, and cats.
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
A rural perspective with a blue tint by Ele Ludemann
DPF's Kiwiblog - Fomenting Happy Mischief since 2003
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
The world's most viewed site on global warming and climate change
Tim Harding's writings on rationality, informal logic and skepticism
A window into Doc Freiberger's library
Let's examine hard decisions!
Commentary on monetary policy in the spirit of R. G. Hawtrey
Thoughts on public policy and the media
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Politics and the economy
A blog (primarily) on Canadian and Commonwealth political history and institutions
Reading between the lines, and underneath the hype.
Economics, and such stuff as dreams are made on
"The British constitution has always been puzzling, and always will be." --Queen Elizabeth II
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
WORLD WAR II, MUSIC, HISTORY, HOLOCAUST
Undisciplined scholar, recovering academic
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Res ipsa loquitur - The thing itself speaks
In Hume’s spirit, I will attempt to serve as an ambassador from my world of economics, and help in “finding topics of conversation fit for the entertainment of rational creatures.”
Researching the House of Commons, 1832-1868
Articles and research from the History of Parliament Trust
Reflections on books and art
Posts on the History of Law, Crime, and Justice
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Exploring the Monarchs of Europe
Cutting edge science you can dice with
Small Steps Toward A Much Better World
Recent Comments