The Angels – No Secrets – Countdown Australia – 29 June 1980
23 Feb 2021 Leave a comment
in Music, television
How did UK popular press go from ‘climate fear is bonkers’ to greenwashing?
23 Feb 2021 Leave a comment

Since when did the British Press in general ‘respond to government policy’ by reversing its opinions on anything? Very strange. No evidence is offered in this article of what public opinion of government climate policy, or even of climate propaganda in general, actually is, so they resort to assertions.
H/T The GWPF
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The new green face paint of the British press is not simply a consequence of public opinion.
It’s also a response to new Government policy, says I-news.
Like a shrinking Antarctic ice shelf, collapsing into the sea in the face of global warming, the climate scepticism of large parts of the UK press is finally starting to melt away.
Earlier this month, The Times, which had caused scientists to despair at its apparent support for climate change denial, ran an editorial in support of Government proposals for new taxes to combat carbon emissions. “It…
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California Screaming – an energy desert
23 Feb 2021 Leave a comment
From the 1930’s to the 1970’s California made huge plans for its future, building large numbers of power stations and the transmission grid to link them, bridges and expressways for transport, and dams, canals, and aqueducts as part of a vast system to bring water from the snowy mountains of the Sierra Nevadas to the desert of the Central Valley and the coastal cities.
It was a golden era and it was planned for 25 million people. As the 1970’s rolled around new plans for further development were made in all these areas, for a 21st century population of 40 million or more.
And then in the 1970’s it all came grinding to a halt as the newborn environmental movement cranked up, with California seeing itself as the leader, starting with Jerry Brown, the son of the legendary California Governor, Pat Brown. While Pat became known as “The Builder…
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Behind on my blasphemy
23 Feb 2021 Leave a comment
in economics of religion, politics - Australia, politics - New Zealand, politics - USA Tags: Blasphemy, free speech, Freedom of religion, regressive left

Breakdown of Warren Buffett’s Stock Portfolio 1994 – 2021
23 Feb 2021 Leave a comment
in economic history, entrepreneurship, financial economics, industrial organisation Tags: active investing, efficient markets hypothesis
The importance of logical fallacies
23 Feb 2021 Leave a comment
From the Star Trek TOS episode “I, Mudd”
As anyone who frequents this blog knows, I spend a lot of time talking about logical fallacies. I frequently criticize peoples’ arguments for having them, and I present them as a reason for rejecting particular lines of thought. Nevertheless, many people fail to realize just how important they are, and showing someone that they have committed a fallacy rarely makes them reject their argument. Indeed, I once had someone say, “just because my argument technically contains a fallacy doesn’t mean that the underlying logic is wrong.” In reality, however, that is exactly what it means. Logical fallacies are, by definition, flawed lines of reasoning, and anytime that an argument contains a fallacy, that argument must be rejected. Therefore, understanding logical fallacies is critical for analyzing arguments and holding rational views, and in this post, I want to try to explain why fallacies…
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Creative destruction
22 Feb 2021 Leave a comment
in economic history, industrial organisation Tags: creative destruction

Russian missile system spirited out of Libya by US
22 Feb 2021 Leave a comment


The US secretly flew a Russian-made Pantsir missile launching system to Germany.

A captured Pantsir S1 paraded in Tripoli by government forces, May 2020. This may be the system the U.S. Air Force flew out a month later but it is likely impossible to know for sure.
A truck-mounted Russian air defence missile system captured on a Libyan battlefield was flown intact to a US air base in Germany in a covert mission.
The operation was ordered amid concerns that the Pantsir S-1 missile battery, which can easily bring down civilian aircraft, could fall into the hands of militias or arms smugglers in the war-torn north African country.
The acquisition of a Pantsir, designed to defend against U.S. and NATO aircraft, is a windfall to the U.S. intelligence community.
A Pantsir-S1 short range air defense system abandoned by its operators in Libya was covertly transported to Rammstein Air Force…
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Monetary policy
22 Feb 2021 Leave a comment
Having taken their long summer break – not heard from since 11 November – the Reserve Bank’s Monetary Policy Committee will be out with their Monetary Policy Statement on Wednesday. Much has changed in the economic data and indicators, here and abroad, since then, and it will be interesting to see what the Governor and has committee have made of it all. There are some genuine surprises and puzzles that the Committee should have been grappling with – and most other macro economists and commentators too, but the rest of us don’t get to set monetary policy. And if the strength of the economic rebound is a surprise – and it would appear to have been to the Bank too – how resilient is that rebound likely to prove, and under what conditions?
I’m somewhat sceptical of the idea of a resilient rebound this year – and with more than…
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