Classic Ads: Barclays with Arthur Lowe and Ian Lavender
31 Mar 2022 Leave a comment
in television, TV shows
Omar Little pays Proposition Joe a friendly visit [The Wire]
30 Mar 2022 Leave a comment
in television, TV shows
Destination Devolution: The ‘Green’ Industrial Revolution – A Monstrous Marxist Lie
29 Mar 2022 Leave a comment
Believe that we can run on nothing but sunshine and breezes, then you’ll believe anything.
No country has ever run itself on wind and solar power, alone. No country ever will. Even mythical mega-batteries can’t change that equation.
The truly delusional belief that we can eradicate our reliance upon fossil fuels of all descriptions, kill off nuclear power plants and rely exclusively on wind and solar.
Then, the unhinged zealots tell us, we can totally ‘electrify’ our economies, with tales about all-electric households and all-electric vehicles doing away with the need for the gas, petrol and diesel that presently fuel our safe and comfortable lifestyles.
As the adage has it, if it sounds too good to be true, it surely is.
Ben Pile sorts energy fact from ideological fantasy, below.
The green industrial revolution is a lie
Spiked Online
Ben Pile
22 February 2022
The Office for National Statistics (ONS)…
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Are Democrats worried about trade diversion & stumbling blocks?
29 Mar 2022 Leave a comment
Dr. Menzie Chinn of Wisconsin-Madison hypothesizes that Democrats may have opposed FTAs not because they have protectionist sentiments, but because they prefer multilateralism:
In the wake of the midterm elections, and the failure to renew Vietnamese PNTR, there has been a lot of talk about how more protectionist Democratic lawmakers are…While the rhetoric from some quarters of the Democratic Party is more protectionist than from the Republican Party, I think the story is a little more complicated than initially appears to be the case, although I will not claim to have the answer to the question…
[I]t’s wrong to equate all FTAs with freer trade. Indeed, the proliferation of FTAs poses a number of well-known problems for the global economy…
So, just because American business interests favor these pacts, while labor often opposes, it’s not clear free trade is enhanced by such initiatives; in other words, one should not confuse…
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A reminder about the definition of trade diversion
29 Mar 2022 Leave a comment
It’s likely been more than a decade since a Trade Diversion blog post actually mentioned trade creation and trade diversion. Having missed numerous opportunities in recent years, I won’t pass up commenting on the following paragraph in Noah Smith’s recent post about experts and public policy:
Nor was this the only form of deception that economists employed in defense of free trade. Economists have known for many decades that some countries as a whole can be hurt by free trade. If a multilateral trade agreement — like the WTO, for example — admits new member countries, existing countries who compete directly with the newcomer nations can become poorer. This is called “trade diversion”, and it follows directly from the same simple classical economic theories of comparative advantage that economists typically use to justify free trade.
That paragraph is neither the most important nor most interesting part of his recent…
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