Milton Friedman Why free markets work
07 Feb 2022 Leave a comment
in applied price theory, comparative institutional analysis, development economics, economic history, economics of regulation, growth disasters, growth miracles, history of economic thought, income redistribution, industrial organisation, international economics, liberalism, Marxist economics, Milton Friedman, property rights, Public Choice, survivor principle Tags: capitalism and freedom
Billy Thorpe & The Aztecs live on GTK Mama Gil Matthews drum solo part 2
07 Feb 2022 Leave a comment
in Music, television
Economic Growth Is the Best Way to Help the Poor, not Redistribution in Pursuit of Coerced Income Equality
06 Feb 2022 Leave a comment
Switzerland’s left-wing party has instigated a referendum for November 24 that asks voters to limit pay ranges so that a company wouldn’t be able to pay top employees more than 12 times what they’re paying their lowest-level employees.
I talked with Neil Cavuto about this proposal and made several (hopefully) cogent points.
Since Swiss voters already have demonstrated considerable wisdom (rejecting a class-warfare tax proposal in 2010 and imposing a cap on government spending in 2001), I predicted they will reject the plan. And I pointed out that Switzerland’s comparatively successful system is a result of not letting government have too much power over the economy.
But I don’t want to focus today on the Swiss referendum. Instead, I want to expand on my final point, which deals with the misguided belief by some on the left that the economy is a fixed pie and that you have…
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Europe’s Self-Inflicted Energy Catastrophe Driven By Hopelessly Unreliable Wind & Solar
06 Feb 2022 Leave a comment
Anyone looking for a taste of what the ‘transition’ to wind and solar might look like, need look no further than Europe. The best (worst) examples, Germany and the UK are in the middle of self-inflicted energy debacles, with many of their neighbours not far behind.
Mass wind droughts – that lasted months at the tail end of 2021 – made it evident that Europe’s overreliance on chaotically intermittent wind power is the product of a grand and collective delusion, driven by dogged and unshakeable ideology; not the first case of collective madness that Germans have experienced, that’s for sure.
Whereas the French retreated from their nuclear power retreat in response to the Big Calm, the Germans remain determined to shut their nuclear power plants, for good.
Being able to tap into coal-fired power from Poland and nuclear power from France is the only reason the Germans can engage in…
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Blame Canada’s Politicians for Trucker Protests
06 Feb 2022 Leave a comment
Supporters arrive at Parliament Hill for the Freedom Truck Convoy to protest against Covid-19 vaccine mandates and restrictions in Ottawa, Canada, on January 29, 2022. – Hundreds of truckers drove their giant rigs into the Canadian capital Ottawa on Saturday as part of a self-titled “Freedom Convoy” to protest vaccine mandates required to cross the US border. LARS HAGBERG / AFP/GETTY IMAGES
Raheem Kassam points the finger in the right direction in his Newsweek article Canada’s Politicians Only Have Themselves to Blame for Trucker Protests. Excerpts in italics with my bolds and added images.
If the prime minister of a North African or Middle Eastern nation was forced into hiding by a protest occupying his capital city, Dick Cheney and Hillary Clinton would materialize from thin air to call for U.S.-backed regime change.
“Government Loses Popular Support,” newspaper headlines would blare, amid calls for sanctions, State Department-NGO initiatives and…
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Reporting from Vietnam: A Review of ‘The Uncensored War: The Media and Vietnam’ by Daniel Hallin
06 Feb 2022 Leave a comment
News reports can sometimes be the most depressing things we see and hear on a daily basis. So much information is pumped out and consumed by the general public. The advent of social media and constant sharing of facts and misinformation has made communication among the people a harsh landscape. Stories and images shape our perception of the world and its people so we must be careful of what we internalize. Fifty years ago, news stories that occupied major time blocks prominently featured the Vietnam War. Given the divisiveness of the Vietnam War, many have argued that media and news outlets played a prominent role in the United States’ negative outcome. The high amount of reporting on stalemates, low troop morale, and coverage of the anti-war movement fostered conditions where the American public killed any support and led to the collapse of South Vietnam. This attitude amongst historians, journalists, and…
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How should the education and training sector respond to the Tiriti o Waitangi provisions in the Act?
06 Feb 2022 Leave a comment
How should the education and training sector respond to the Tiriti o Waitangi provisions in the Act?
The education sector must respond to Tiriti o Waitangi provisions outlined in S9 of The Education and Training Act 2021.
High-level expectations include honouring Te Tiriti, acknowledging its principles, andsupporting Māori-Crown relationships. Plans, policies and curricula are expected to reflect tikanga Māori, mātauranga Māori and te ao Māori. Instruction in tikanga Māori and te reo Māori are encouraged. Schools are expected to achieve equitable outcomes for Māori students.
The challenge is to understand Te Tiriti, including its context and limitations, and draw on guidance it can offer to achieve better outcomes for students and learners, including in workplace learning.
Anne Salmond’s Iwi vs Kiwi: Beyond the Binary offers insights into Te Tiriti and the issues associated with it. Te Tiriti can also be seen as a foundation for inclusive democracy in New…
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Comparing Economic Growth: United States vs. Europe
06 Feb 2022 Leave a comment
A key principle of economics is convergence, which is the notion that poorer nations generally grow faster than richer nations.
For instance, battle-damaged European nations grew faster than the United States in the first few decades after World War II.
But, starting in the 1980s, that convergence stopped. And not because Europe reached American levels of prosperity. Even the nations of Western Europe never came close to U.S. levels of per-capita economic output.
Moreover, European countries then began to lose ground for the rest of the 20th century.
And that process is continuing. Here’s a recent tweet from Robin Brooks, the Chief Economist of the Institute of International Finance, which shows that the United States was growing faster than Europe before the pandemic and is now growing faster than Europe after the pandemic.
In other words, we’re seeing divergence.
Sven Larson addressed this same issue in a new…
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Parliamentary reports recommend passage of Religious Discrimination Bills
06 Feb 2022 Leave a comment
Two committees of the Australian Federal Parliament examining proposed legislation on religious discrimination handed down their reports on Friday 4 February, 2022. Both committees recommended that the Bills introduced in November 2021 be passed by the Parliament, with some minor amendments. The report of the Parliamentary Joint Committee on Human Rights (“PJCHR”) can be found here, and that of the Senate Legal and Constitutional Affairs Legislation Committee can be found here.
While each report mentions a number of objections to the legislative package, it is significant that these cross-party committees both end up by recommending the enactment of the laws in substantially their current form. In my view this is an encouraging sign, that may signal that the legislation might find sufficient support to pass the Parliament before an election is called this year.
(There were “additional comments” made by ALP members of both Committees, but they did…
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Cold Chisel – Full 1981 Countdown Awards clip with barnsey commentary
06 Feb 2022 Leave a comment
in Music, television, TV shows
Skylab, America’s First Manned Space Station
06 Feb 2022 Leave a comment
in economics of media and culture Tags: space



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