Utopia, you are standing in it!

In the general election of 1747 Frederick Louis, Prince of Wales again campaigned actively for the opposition but Pelham’s party won easily. Like his father before him, the Prince entertained opposition figures at his house in Leicester Square. When Prince Frederick Louis died unexpectedly in 1751, his eldest son, Prince George, became heir apparent.

The king commiserated with the Dowager Princess of Wales (Princess Augusta of Saxe-Gotha) and wept with her. As her son would not reach the age of majority until 1756, a new British Regency Act was passed to make her regent, assisted by a council led by Frederick Louis’ brother, Prince William, Duke of Cumberland, in case of George II’s death.

The king also made a new will, which provided for Cumberland to be sole regent in Hanover. After the death of his daughter Louisa at the end of the year, George lamented, “This has been a…

Europe’s great wind drought has focused attention on the unassailable fact that wind power is an utterly meaningless power source.

The demand for electricity is, always and everywhere, a ‘here and now’ kind of thing. Households and businesses couldn’t care less if there’s a roaring gale and plenty of wind power at 2 in the morning. But the absence of electricity at the point when power consumers (of all shapes and sizes) need it, is always noticed rather keenly – the experience of freezing or boiling in the dark during mass blackouts tends to collect in the subconscious.

The response to Europe’s wind power debacle has been a series of backflips that would do a Russian gymnast proud.

Despite lots of bluff and bluster from Boris Johnson about his country’s all wind ‘powered’ future, Johnson is now openly committed to building nuclear power plants, including a fleet of new small…

When Queen Victoria died on January 22, 1901, Edward became King of the United Kingdom, Emperor of India and, in an innovation, King of the British Dominions. He chose to reign under the name of Edward VII, instead of Albert Edward—the name his mother had intended for him to use—declaring that he did not wish to “undervalue the name of Albert” and diminish the status of his father with whom the “name should stand alone”.

The numeral VII was occasionally omitted in Scotland, even by the national church, in deference to protests that the previous Edwards were English kings who had “been excluded from Scotland by battle”. J. B. Priestley recalled, “I was only a child when he succeeded Victoria in 1901, but I can testify to his extraordinary popularity. He was in fact the most popular king England had known since the earlier 1660s.”

As king, Edward played a…

Yesterday, I shared part of an interview that focused on Mayor Pete Buttigieg’s scheme to give more subsidies to colleges, thus transferring money from poorer taxpayers to richer taxpayers.

Here’s the other part of the interview, which revolved around a very bad idea to copy nations that impose price controls on prescription drugs.

In some sense, this is a debate on price controls, which have a long history (going all the way back to Ancient Rome) of failure.

But my comments focused primarily on the adverse consequences of Pelosi’s approach.

And if you want more details, Doug Badger explained how Pelosi’s approach would backfire in a report for the Heritage Foundation. He starts with an explanation of the legislation.

The Lower Drug Costs Now Act of 2019 (H.R. 3), introduced last week with the backing of House Speaker Nancy Pelosi, D-Calif., would double down on the failures of…

There are some issues – such as class-warfare tax rates and the minimum wage – where intelligent people on the left will privately admit being wrong (or at least they will admit adverse consequences).

Another example is rent control.

Indeed, it’s so obvious that imposing price controls on housing will create shortages that some folks on the left even admit publicly that it’s a bad idea.

Yet leftist politicians are drawn to the policy for the simple reason that renters outnumber landlords.

Simply stated, they’re willing to impose considerable damage so long as they can grab a few extra votes.

Let’s look at some evidence about the folly of rent control, and we’ll start with a hot-off-the-presses column by Ryan Mills for National Review.

Democratic leaders in Minnesota’s capital city are scrambling for solutions after developers put several large projects on hold across St. Paul in the wake…

One of the (many) disillusioning aspects of the Covid response of the New Zealand government (politicians and public service) has been the apparent total absence of any use of cost-benefit analysis techniques to help inform thinking about policy responses. No cost-benefit analysis on any aspect of the policy response has ever been published (or hinted at), on the couple of occasions I’ve OIAed any such analysis (just to be sure) agencies have been quick to deny any such analysis exists, and when one independent agency (the Productivity Commission) did do a little exercise along these lines at one point last year it was shunned as almost “unclean”. And if there had been any slight excuse early last year about “no time” – not convincing even then – officials have had 22 months now to get toolkits in place. But they (and their political masters) seem to prefer seat-of-the-pants thinking, all…