Robert Lucas on the welfare cost of inflation and of macroeconomic phenomenon
19 Aug 2019 Leave a comment
Acemoglu and Robinson on inclusive institutions and American exceptionalism
18 Aug 2019 Leave a comment
On Stable Electric Power: What You Need to Know
17 Aug 2019 Leave a comment
nzrobin commented on my previous post Big Wind Blacklistedthat he had more to add. So this post provides excerpts from a 7 part series Anthony wrote at kiwithinker on Electric Power System Stability. Excerpts are in italics with my bolds to encourage you to go read the series of posts at kiwithinker.
1. Electrical Grid Stability is achieved by applying engineering concepts of power generation and grids.
Some types of generation provide grid stability, other types undermine it. Grid stability is an essential requirement for a power supply reliability and security. However there is insufficient understanding of what grid stability is and the risk that exists if stability is undermined to the point of collapse. Increasing grid instability will lead to power outages. The stakes are very high.
2.Electric current is generated ‘on demand’. There is no stored electric current in the grid.
The three fundamental parts of a…
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David Levine on @paulkrugman forgetting his own paper on financial crises despite rational expectations and efficient markets
15 Aug 2019 Leave a comment
Utopia, you are standing in it! 
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