Homines libenter quod volunt credunt
Posted in Macroeconomics, Politics on May 9th, 2011
If anyone wants a real slice of Keynes at his best, you can do no better than read his Economic Consequences of the Peace. Here is an electronic version from Liberty Fund. Written in 1919, it was incredibly prescient about how much damage the post-war “solutions” for Europe was going to do. I’ve been thinking […]
Posted in Environment, Market Failures, You Can't Have it Both Ways on May 9th, 2011
The US government reports that each kilowatt-hour of electricity generated in the United States using coal as a fuel source releases about 2.1 pounds of carbon dioxide (that’s 2000 data, presumably coal is cleaner today). If you examine the 4th IPCC Assessment Report (i.e. the “consensus” scientific report) you will find that each metric ton […]
