Utopia, you are standing in it!

Generalized Walker Circulation (December-February) during ENSO-neutral conditions. Convection associated with rising branches of the Walker Circulation is found over the Maritime continent, northern South America, and eastern Africa. [Credit: NOAA Climate.gov — drawing by Fiona Martin] El Niño and 100,000 year glaciation/climate cycles feature prominently in this research. The Walker circulation has been described as ENSO’s atmospheric buddy.
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While it is widely accepted that climate change drove the evolution of our species in Africa, the exact character of that climate change and its impacts are not well understood, says Phys.org.

Glacial-interglacial cycles strongly impact patterns of climate change in many parts of the world, and were also assumed to regulate environmental changes in Africa during the critical period of human evolution over the last ~1 million years.

The ecosystem changes driven by these glacial cycles are thought to have stimulated the evolution and dispersal of…

Clean’, ‘green’ wind and solar were meant to save the planet, but the obsession with the unreliables will only expedite its consumption. Every solar panel and every wind turbine are an aggregation of minerals, requiring mountains of real energy in their creation. Many of those minerals are scarce, generally referred to as “rare earths”. Thanks to the growth in the number of turbines and panels, many of those scarce minerals are likely to become rarer still.

The rent seekers that profit from the generosity of Joe Biden and his Squad can’t believe their luck. Sure, the doddering President struggles to master a complete sentence without a teleprompter (and often struggles with one). But his Squad’s desire to carpet America in a sea of solar panels and wind turbines is crystal clear; the fortunes of the wind and solar industries have never looked rosier.

As Mark Mills reports, however…

In a new documentary film, Race to the Bottom, I had an opportunity to pontificate briefly about corporate tax and the Laffer Curve.

At the risk of understatement, I represented a minority viewpoint in the documentary. Most of the people interviewed had a negative view of tax competition, considering it to be (as suggested by the title) a “race to the bottom.”

By contrast, I view tax competition as a way of constraining the “stationary bandit” so that we don’t wind up with “goldfish government.”

For purposes of today’s column, though, I want to focus on the narrower issue of the relationship between corporate tax rates and corporate tax revenue.

In the above video, I asserted that lower rates did not result in lower revenue. Indeed, I even made the bold statement that revenues increased.

Is that correct?

Fortunately, I don’t need to do…

Theodore Roosevelt, Jr., or “Ted,” as his friends called him, lived up to the legacy of his father and namesake, President Theodore Roosevelt. The younger Roosevelt was a proven combat leader in both world wars, an aspiring politician, a successful businessman, an accomplished hunter and explorer, as well as governor of Puerto Rico and the Philippines. Theodore Roosevelt, Jr., like his father, received the Medal of Honor, one of only two father–son duos to be awarded America’s highest honor (the other being Arthur MacArthur and Douglas MacArthur). Roosevelt rose through the ranks during the Great War, ending it as a lieutenant colonel commanding the 26th Infantry Regiment in the 1st Division. He participated in numerous engagements in 1918, which included Cantigny, Soissons, and the Meuse–Argonne campaign. He was cited for bravery, wounded in action, the first reserve officer to command a regiment in combat, and was the spearhead of the…

In the world of public finance, Ireland is best known for its 12.5 percent corporate tax rate.

That’s a very admirable policy, as will be momentarily discussed, but my favorite Irish policy was the four-year spending freeze in the late 1980s.

I discussed that fiscal reform in a video about 10 years ago, and I subsequently shared data on how spending restraint reduced the overall burden of government in Ireland and also lowered red ink.

It’s a great case study showing the beneficial impact of my Golden Rule.

Spending restraint also paved the way for better tax policy, and that’s a perfect excuse to discuss Ireland’s pro-growth corporate tax system. The Wall Street Journalopined last week about that successful supply-side experiment.

Democrats want a high global minimum tax that would end national tax competition and reduce the harm from their huge tax increase on U.S. business. But…