Tank Development in World War 1
01 Sep 2021 Leave a comment
in defence economics, war and peace Tags: World War I
John Taylor Defends a Rules-Based Monetary Policy | Policy Briefs
01 Sep 2021 Leave a comment
in business cycles, inflation targeting, macroeconomics, monetary economics
Steve Harley & Cockney Rebel – Make Me Smile (Come Up And See Me)
31 Aug 2021 Leave a comment
in Music
Quantifying the Damage of Biden’s Plan for Higher Taxes on Capital Gains, Part I
31 Aug 2021 Leave a comment
Public finance theory teaches us that the capital gains tax should not exist. Such a levy exacerbates the bias against saving and investment, which reduces innovation, hinders economic growth, and lowers worker compensation.
All of which helps to explain why President Biden’s proposals to increase the tax burden on capital gains are so misguided.
He wants a radical increase in the tax rate on capital gains – from 23.8 percent to 43.4 percent, the highest burden in the world.- He wants to impose capital gains tax on assets when people die, even if assets aren’t sold and there are not any actual capital gains.
Thanks to some new research from Professor John Diamond of Rice University, we can now quantify the likely damage if Biden’s proposals get enacted.
Here’s some of what he wrote in his new study.
We use a computable general equilibrium…
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California Planted Trees to Fight Climate Change. Those Trees Are Now on Fire.
31 Aug 2021 Leave a comment
Smoke from a California wildfire [image credit: BBC] Factors such as poor forest management policies, as mentioned by the previous US President, and arson don’t get a look in here, as it’s all about ‘fighting climate change’ and ‘the climate crisis’ and suchlike pop slogans. Nevertheless the author makes a good point about some of the hazards of so-called carbon offsets. Quote: “We’ve bought forest offsets that are now burning” – Microsoft’s carbon program manager at a carbon removal panel earlier this month.
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California’s emissions reduction program is going up in smoke because regulators severely underestimated the impact of climate change–fueled wildfires, claims Jacobin mag.
In 2013, California passed a landmark law that capped greenhouse gas emissions, but let companies offset their pollution overages by investing in forest preservation throughout the country — the idea being that trees absorb excess carbon from the atmosphere.
The statute…
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Hitchens’ opinion on Chomsky
31 Aug 2021 Leave a comment
in defence economics, laws of war, war and peace Tags: regressive left, war against terror
Ecological Imperialism: The Biological Expansion of Europe 900-1900 by Alfred W. Crosby (1986)
30 Aug 2021 Leave a comment
If we seek the roots of the success of European imperialism, we must be off to the Middle East, to Abraham, to Gilgamesh and the cultural ancestors of all of us who eat wheaten bread, smelt iron, or record our thoughts alphabetically… We – you who read and I who write this sentence – are part of that continuity; these words are in an alphabetical form of writing, a very clever Middle Eastern invention produced by peoples even more directly influenced by the Sumerian example than we are. The Sumerians and the inventors of the alphabet, and you and I, no matter what our genetic heritage, are in one category: heirs of post-Neolithic Old World cultures. All Stone Age peoples, including the few living, and all pre-Columbian Amerindians, however sophisticated, are in another. The indigenous populations of the Neo-Europes were in the second category until Europeans arrived from beyond the…
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