How do you align the incentives of sea captains transporting criminals to Australia with those of the public?
06 Jun 2021 Leave a comment
in applied price theory, Armen Alchian, comparative institutional analysis, economics of information, financial economics, history of economic thought, industrial organisation, labour economics, labour supply, law and economics, managerial economics, market efficiency, organisational economics, personnel economics, property rights, Ronald Coase, survivor principle, theory of the firm Tags: adverse selection, asymmetric information, incentive compatibility, moral hazard
Avoidable Self Harm: Dogged Reliance On Intermittent Wind & Solar Guarantees Power Supply Chaos
06 Jun 2021 Leave a comment
Sign up for wind and solar and receive power supply chaos as just one of the added extras, along with rocketing power prices and a wave of social and environmental havoc.
Australia has been on the path since 2001 when Federal Liberal PM, John Howard introduced his Renewable Energy Target. The Target was greatly expanded by Labor in 2009, with the subsidies to wind and solar pumped up to cost Australian power consumers more than $4 billion a year.
But tonight’s post is about something that, barely a decade ago, was almost inconceivable in a country blessed with coal, gas and (completely ignored) uranium. That is, routine power supply disruptions in the form of widespread load shedding (when the grid manager is in control) and mass blackouts (when things get completely out of control).
At the heart of the debacle sits sunshine-dependent solar and weather-dependent wind.
Here’s Chris Kenny’s…
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JOHN BOLTON
06 Jun 2021 Leave a comment
I have just finished reading ‘The Room Where it Happened’ … the story of John Bolton’s tenure as Trump’s National Security Advisor before he resigned. It is a weighty tome … 494 pages supported by extensive notes.
Bolton paints a picture of a wasted transitional period leading to an almost totally dysfunctional White House where policy was made and unmade on the whim of a President who didn’t ‘do’ mornings, didn’t read his briefing books, and who allowed foreign Heads of State (especially KIim Jong Un) to play him like a piano, appealing to his vanity in order to extract concessions from him. I was particularly fascinated to read the detail behind Trump’s abortive attempt to bring the Talaban to Camp David for one-on-one discussions three prior to the anniversary of the 9/11 attacks by al-Queda to which the Talaban had given aid and comfort. When it all went tits…
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Why Biofuels Are Terrible
06 Jun 2021 Leave a comment
in energy economics, environmental economics, global warming, Public Choice, rentseeking Tags: ethanol
Enlightenment versus correctness
06 Jun 2021 Leave a comment
in economics of education, Karl Popper, liberalism, Marxist economics Tags: Age of Enlightenment, free speech, political correctness, regressive left
The RAF on D-Day and beyond…
06 Jun 2021 Leave a comment
In January 1944 Tedder and Coningham were recalled to Britain to join Eisenhower for the countdown to D-Day. They brought with them enormous experience, the glow of victory and a shared outlook. The nature of the air war fought through North Africa, Sicily and Italy had to some extent been formed by Coningham’s ideas and leadership. In February 1943, he was given command of the British and American tactical forces in Tunisia. The team carried the Allies through the expulsion of the Axis forces from Tunisia, the Sicily landings and the invasion of Italy. At every stage lessons were learned and technologies and tactics were refined that would be applied triumphantly in the next stage of the air war.
On D-Day, 171 squadrons roamed over the troops toiling ashore. The almost total lack of opposition meant they were barely needed and hopes faded for a decisive first-day battle that would…
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Teaching Critical Race Theory to Kids
06 Jun 2021 Leave a comment
in discrimination, liberalism, Marxist economics, politics - Australia, politics - New Zealand, politics - USA Tags: political correctness, racial discrimination, regressive left
Australians at D-Day
06 Jun 2021 Leave a comment
On the night of 5/6 June Bomber Command conducted precision attacks on ten German coastal artillery batteries near the beaches where Allied troops were to land. Each battery was targeted by approximately 100 heavy bombers, and all four Australian heavy bomber squadrons took part in the operation. No. 460 Squadron dispatched 26 aircraft, which were evenly split between attacking the batteries at Fontenay-Crisbecq and St Martin de Varreville. No. 466 Squadron provided 13 aircraft to the raid on batteries at Merville-Franceville Maisy, 14 aircraft from No. 463 Squadron struck Pointe du Hoe and No. 467 Squadron dispatched 14 against batteries at Ouistreham. The RAAF squadrons did not suffer any losses. Many Australian aircrew posted to British units also participated in this attack, and 14.8 percent of the 1,136 Bomber Command aircraft despatched were either part of RAAF squadrons or were flown by Australians.
Australians posted to RAF units also landed…
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