Anarchy vs. Minarchy Debate – David Friedman vs. Austin Petersen
10 Jan 2022 Leave a comment
in applied price theory, comparative institutional analysis, constitutional political economy, David Friedman, economics of crime, law and economics, property rights, Public Choice
Francis Young: “Packing” the Lords: Some Legal Reflections
10 Jan 2022 Leave a comment
The recent string of Government defeats in the House of Lords over amendments to the European Union (Withdrawal) Bill has reignited the debate over the role of the Lords in a modern democracy. The Daily Mail published a characteristically trenchant headline suggesting that we should “pull the plug” on the “traitors in ermine”.
The abolition of the House of Lords is still probably some way off, but the recent events have raised the question of what options a government has to deal with resistance by the Lords to its policies. The normal means of addressing this problem (if one sees it as a problem) is to invoke the Parliament Acts, which provide that the Commons can override the Lords by passing the same bill in two consecutive parliamentary sessions. But this remedy is not readily available in the context of the EU (Withdrawal) Bill, as the current parliamentary session will…
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Post-Renewables Europe: Coal Prevents Mass Blackouts As Great Wind Drought Continues
10 Jan 2022 Leave a comment
While hot air output shot up in Glasgow, Europe’s great wind drought continues unabated. Wind power output amounted to a trickle through most of September and into October. We dubbed it the ‘Big Calm’. Well, the Big Calm appears now to be less of an anomaly than the new normal.
In Britain, grid operators are scrambling for every watt they can find; pressing old coal-fired power plants back into action to keep the lights on. So much for Boris Johnson’s all-wind powered future!
The wholesale power market is, as to be expected, in a state of perfect pandemonium. And it’s all down to a lack of wind, as Dr John Constable reports.
Coal keeps lights on at COP26 as low wind strikes again
Net Zero Watch
John Constable
3 November 2021
The UK’s failing renewable strategy is a national embarrassment. Critically low wind power, for nearly the whole of yesterday…
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Guilty: Intermittent Wind & Solar Responsible For Global Power Pricing & Supply Calamity
10 Jan 2022 Leave a comment
Europe’s ongoing wind drought (and corresponding wind power output collapse) is a wake-up call for anyone vaguely concerned about energy supplies.
Starting in September last year and running for weeks on end, total collapses in wind power output across Western Europe and the UK, forced a wholesale rethink of the maniacal reliance upon wind and solar.
The French President announced that its 56 existing nuclear power will be kept running ad infinitum, rather than mothballed as planned, and determined to add 14 next-generation plants to be built ASAP.
Both the Germans and the Brits were forced to quietly fire up their ‘ageing’ coal-fired power plants to prevent total collapses of their power grids. Oh, the embarrassment!
But, with every perfectly predictable policy-driven disaster that comes the opportunity for considered reflection and, for the wise, the chance to recalibrate; to scrap the policies that delivered to disaster and replace…
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#globalwarming #climateemergency
10 Jan 2022 Leave a comment
in environmental economics, global warming
The Fed’s Dismal Record | George A. Selgin
10 Jan 2022 Leave a comment
in applied price theory, applied welfare economics, Austrian economics, business cycles, comparative institutional analysis, economic history, financial economics, global financial crisis (GFC), great depression, great recession, history of economic thought, macroeconomics, monetarism, monetary economics Tags: monetary policy
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