I read this a while ago and thought this made little sense. The economics could not be that different to what it is in Australia.
Adam Morton examines this claim and finds it wanting. There is a large difference between units and plants for example.
Related to this is why the war on coal is over and coal lost
Monday, 16 October 2017
Sunday, 15 October 2017
Greg Jericho absolutely flays Tony Abbott
Greg Jericho goes to town on Tony Abbott's speech.
I was wondering when someone would point out to this dunce and other deniers that a warming world has actually been examined and that it causes more problems than solutions. A warmer Europe might be okay for some but try telling those in South East Asia that a warmer world is good for everyone!
The more and more Tony Abbott seeks publicity the more and more sillier he gets hypocrisy aside. He was PM remember!
How come Abbott and his fellow travellers in the Government have no idea that new solar and wind generated power is lower coast power than a new coal power plant. Have they ever thought why no-one has put up an idea of putting together a new coal plant?
I was wondering when someone would point out to this dunce and other deniers that a warming world has actually been examined and that it causes more problems than solutions. A warmer Europe might be okay for some but try telling those in South East Asia that a warmer world is good for everyone!
The more and more Tony Abbott seeks publicity the more and more sillier he gets hypocrisy aside. He was PM remember!
How come Abbott and his fellow travellers in the Government have no idea that new solar and wind generated power is lower coast power than a new coal power plant. Have they ever thought why no-one has put up an idea of putting together a new coal plant?
Thursday, 12 October 2017
Around the Traps 13/10/17
It is time for Around the Traps again
Aussie,Aussie,Aussie,Oy,Oy,Oy
Aussie,Aussie,Aussie,Oy,Oy,Oy
- Janet Stanley on competitive-tendering-hasnt-delivered-for-public-transport-so-why-reward-poor-performance
- Euan Graham on modest-proposal-australian-engagement-north-korea
- Croaking Cassandra on exporting-to-a-large-communist-state, a-researcher-responds-to-reddell-on-emissions-and-immigration, australia-does-better-than-us , remoteness-occasionally-a-benefit , implications-of-a-new-government-for-monetary-policy , exchange-rate-volatility-the-new-zealand-story
- Nick Gruen on taking-competitive-neutrality-seriously-my-challenge-to-the-pc, which-bank-could-give-australians-a-better-bang-for-their-buck-the-rba
- Greg Jericho on scott-morrisons-next-trick-selling-a-gst-revenue-cut-to-every-state-bar-one
- Tony Wood on despite-the-charged-atmosphere-frydenberg-and-finkel-have-the-same-goal-for-electricity
- Sam Roggeveen on choosing-openness-misdiagnoses-problem
- Suzanna Fay-Rameriez and Emma Belgrove on oversimplifying-gun-control-issues-can-pose-a-real-threat-to-community-safety
- The Kouk on the-truth-about-our-debt
- John Quiggin on save-the-weekend , slashing-penalty-rates-a-misguided-response-to-problems-of-the-past, why-zero-multifactor-productivity-growth-is-ok-for-oz-very-wonkish
- Greg Jericho on imf-tackles-stalled-wages-growth-with-unusually-radical-thinking
- John Freebairn on three-areas-to-reform-federal-state-financial-relations
- Richard Holden on vital-signs-the-spooky-mortgage-risk-signs-our-bankers-are-ignoring
- Greg Cotton on australia-must-criticise-us-withdrawal-unesco
- Olivia Shen on americans-not-so-love-america-first
- Ezra Klein on trump-pence-nfl-distraction
- Calculated Risk on the-record-job-streak-couple-of-comments
- Mark Thoma gives us Tim Duy on fed-watch-on-track-for-a-december-rate-hike , kevin-warsh-very-serious-person
- Macro Musings on from-floor-system-to-corridor-system
- New Deal Democrat on scenes-from-the-september-jobs-report
- Larry Summers on americas-tax-plan-is-not-worth-its-name Thanks Brad
- Menzie Chinn on a-curiously-non-quantitative-assessment-of-deregulation-effects-on-economic-growth
- Brian DeLay on how-the-us-government-created-and-coddled-the-gun-industry
- Calculated Risk on q3-review-ten-economic-questions-for-2017 , key-measures-show-inflation-mostly-below-2%-in-september
- Richard Revesz and Jack Lienke on environmental-protection-obama-pruitt Thanks Mark
- Amy Davidson Sorkin on scott-pruitt-and-donald-trump-further-endanger-the-planet
- Barry Eichengreen on trump-causing-demise-of-dollar-diplomacy Thanks Mark
- Kruggers on puerto-rico-trump-and-taxes , lies-lies-lies-lies-lies-lies-lies-lies-lies-lies
- Progrowth liberal on puerto-rico-transfer-pricing-and-kevin-hassett
- Zac Beauchamp on trump-nukes-nbc-thousands
- Melina Abdulla on black-lives-matter-is-a-revolutionary-peace-movement
- Uri Friedman on donald-trump-dealbreaker
- Masha Gessen on how-trump-governs-by-tweet-start-with-outrage-then-escalate
- The conversable economist on the-lost-us-lead-in-education
- Dhrumil Mehta on the-media-really-started-paying-attention-to-puerto-rico-when-trump-did
- Nick Bunker on just-how-tight-is-the-u-s-labor-market Thanks Mark
- David Leonhardt on great-depression-recession Thanks Mark
- Kevin O'Rourke on what-if-it-was-the-europeans-picking-the-cherries
- Paul Fritjers on eu-plans-for-vat-taxation-are-doomed-to-fail-again, observations-lessons-and-predictions-for-the-catalan-situation
- Mainly Macro on the-myth-of-no-deal ,the-impact-of-austerity-in-uk
- Diarmaid Smith on the-irish-labour-market-and-wages
- Mariana Valverde on the-hypocrisy-of-the-european-union-on-the-catalan-referendum
- Rodger Shanahan on syria-five-stages-grief-part-2
- Anas Intait on palestinian-aid-dwindling-dollars-delivering-little-durable-development
- Graeme Smith on han-opticon-hazards-china-research-xi-era
- Ilan Goldenberg and Mara Karlin on nuclear-iran-deal-trump-jcpoa
- Diana Esfandiary on trump-s-high-risk-iran-strategy
- Bernt Berger on consequences-us-withdrawal-iran-deal
- Menzie Chinn on guest-contribution-10-lessons-for-china-10-years-after-the-subprime-financial-crisis
- Mainly Macro on economics-too-much-ideology-too-little-craft
- Peter Dorman on social-justice-debt-solidarity-or-care
- Long and Variable on the-vicious-circle-impeding-the-entry-of-a-new-currency
- Coppolla comment on central-banks-credibility-problem
- The Conversable economist on richard-thaler-2017-nobel-prize-in-economics , formal-jobs-and-decent-work , snapshots-of-global-robotics-industry, independent-workers-and-policy-kruegers-moynihan- lecture
- Tim Harford on why-thalers-nobel-is-a-well-deserved-nudge-for-behavioural-economics
- Stumbling and Mumbling on capitalisms-bad-incentives , the-costs-of-suppression
- Kruggers on the-schlock-of-the-new , rationality-and-rabbit-holes
- Noahopinion on defending-thaler-from-guerrilla-resistance
- Dano Rodrik on poor-economies-growing-without-industrializing
- IMF Blog on inequality-fiscal-policy-can-make-the-difference Thanks Mark
- Mark Thoma on rethinking-macroeconomic-policy
- Understnding society on social-consciousness-and-critical-realism
- Calculated risk on off-topic-art-of-negotiation
- Kate Sprogis on el-nino-in-the-pacific-has-an-impact-on-dolphins-over-in-western-australia
- Arctic sea ice on piomas-october-2017
- and Then Theres Physics on the-virial-theorem , economics-and-values
- moyhu on september-global-surface-temperature
- Ken Anthony et al on the-great-barrier-reef-can-repair-itself-with-a-little-help-from-science
- Graeme Readfearn on climate-scientists-attack-tony-abbott-misleading-speech-global-warming-policy-foundation
- respond-e-j-s-response-response-comment-paper-responding-paper
- sudden money
- house-stronger-foundations
- please-contribute-list-top-10-dos-donts-better-science
- splines-stan-spatial-models-stan
- partial-pooling-informative-priors-hierarchical-variance-parameters-next-frontier-multilevel-modeling
- racquetball-save-lives
- want-evidence-based-change-not-peer-review
- congratulations-article-published-ummm
- agree-entirely-way-go-build-model-attitudes-theyre-affected-recent-weather-fit-model-thick-data-rather-zip-try-grab-stat
- Rick Wicklin on order-correlations-by-magnitude , simulate-correlations-by-using-the-wishart-distribution
- Junkcharts on lets-not-mix-these-polarized-voters-as-the-medians-run-away-from-one-another
- Katherine Lee et al on randomised-control-trials-what-makes-them-the-gold-standard-in-medical-research
- Mayo on statistical-skepticism-how-to-use-significance-tests-effectively-7-challenges-how-to-respond-to-them
- Statschat on road-deaths-up
- november-reading
- No Hesitations on /long-memory-in-realized-volatility
- urbanites-famers-and-barbarians
- an-arts-interlude
- the-slow-demise-of-a-company-town
- Tim Harford on behavioural-economics-books-to-enjoy
- bismarck-s-health-insurance-and-its-impact-mortality
- pricing-revolution
- neymar-bubble
- employment-effects-minimum-wages-directions-research
- commodity-booms-and-busts-emerging-economies
- incidence-corporate-taxation-and-implications-tax-progressivity
- economic-effects-goods-and-factor-market-integration
- effective-rewards-whistleblowing
- industrial-robots-and-inclusive-growth
- quantifying-effect-bank-japan-s-equity-purchases
- trade-effects-deep-agreements
- richard-thaler-nobel-laureate
- ten-years-after-crisis-looking-back-looking-forward
- racial-segregation-and-southern-lynching
- spread-populism-western-countries
Wednesday, 11 October 2017
Keynesian economics without the Phillips curve
From last friday's Around the Traps. Roger Farmer writes about keynesian-economics-without-the-phillips-curve.
He finds when you replace the phillips curve with his farmer monetary model policy works a hellva lot better!
Very interesting
He finds when you replace the phillips curve with his farmer monetary model policy works a hellva lot better!
Very interesting
Tuesday, 10 October 2017
We nearly blew it
I kept on thinking last night we would lose.
We created plenty of chances as per usual but we kept on missing those chances as per usual. We gifted Syria an early goal and they took it.
As I have said preciously We have been very unimpressive since winning the Asia cup after which Ange in explicitly changed the system. Whilst we still create chance we are leaky at the back.
The other thing is his selections. Why does he like Brad Smith. He is getting little game time and is a poor player. He was lucky he got injured last night and Mooy replaced him. Mooy played very well. Indeed for the first time Mooy and Rogic clicked in the midfield.
You cannot have Leckie and Kruse in the same team.He is fortunate Leckie cannot play in the first leg. He needs to work out how to attack down the left hand side. He also needs to get a defensive mid fielder in a hurry.
Will we get to Russia.
Dunno
HERE is a take on last night
We created plenty of chances as per usual but we kept on missing those chances as per usual. We gifted Syria an early goal and they took it.
As I have said preciously We have been very unimpressive since winning the Asia cup after which Ange in explicitly changed the system. Whilst we still create chance we are leaky at the back.
The other thing is his selections. Why does he like Brad Smith. He is getting little game time and is a poor player. He was lucky he got injured last night and Mooy replaced him. Mooy played very well. Indeed for the first time Mooy and Rogic clicked in the midfield.
You cannot have Leckie and Kruse in the same team.He is fortunate Leckie cannot play in the first leg. He needs to work out how to attack down the left hand side. He also needs to get a defensive mid fielder in a hurry.
Will we get to Russia.
Dunno
HERE is a take on last night
Monday, 9 October 2017
Xenophon goes back to south australia
Having had another Jury service come and go I find Nick Xenophon leaving the Senate to go back to south Australia to fight for a lower house seat.
Why is he doing this. Me thinks the worst that will occur is he will become kingmaker after the next South Australian election ( which is for a fixed term). At best he will become Premier!!
The odds favour the former. his party may win some 'marginal seats on preferences where both major parties preference his party so if they lose the other major party doesn't win. I suspect his party will win several 'safe' liberal seats on Labor party preferences. I doubt if his party will win many 'safe' Labor party seats though.
This makes the next SA election very interesting with no party likely to win a majority of seats so either a coalition will emerge , unlikely in my view, or a minority government will occur where Xenophon gives them support of a confidence motion but negotiates on most legislation.
Interesting times
Why is he doing this. Me thinks the worst that will occur is he will become kingmaker after the next South Australian election ( which is for a fixed term). At best he will become Premier!!
The odds favour the former. his party may win some 'marginal seats on preferences where both major parties preference his party so if they lose the other major party doesn't win. I suspect his party will win several 'safe' liberal seats on Labor party preferences. I doubt if his party will win many 'safe' Labor party seats though.
This makes the next SA election very interesting with no party likely to win a majority of seats so either a coalition will emerge , unlikely in my view, or a minority government will occur where Xenophon gives them support of a confidence motion but negotiates on most legislation.
Interesting times
Tuesday, 3 October 2017
Around the Traps 13/10/17
It is time again for Around the Traps.
Bugger I hit publish instead of save. Never mind I will just continually update!
Aussie,Aussie,Aussie,Oy,Oy,Oy
Dianne Coyle (quirky + book reviews)
Vox Wonk
Bugger I hit publish instead of save. Never mind I will just continually update!
Aussie,Aussie,Aussie,Oy,Oy,Oy
- Croaking Cassandra on poor-returns-to-tertiary-education , reserve-bank-annual-reports , on-wages-expectations-and-reality , the-rennie-review-still-secret , the-kowtow, some-australia-perspectives-on-prc-influence-seeking
- Khalid Koser and Rachael Buckland on how-australia-can-help-get-global-compact-refugees-over-line
- Thomas the Think Engine on have-we-found-a-way-to-finally-get-australia-to-do-preventative-spending-on-health
- Ross Gittins on our-bulldust-detectors-are-on-blink
- Kevin Bonham on divergence-in-queensland-polls-is-by-preferences
- Andrew Lenton et al on how-to-work-out-which-coral-reefs-will-bleach-and-which-might-be-spared
- Mariopn Terrill and Hugh Batrouney on stuck-in-traffic-we-need-a-smarter-approach-to-congestion-than-building-more-roads
- The Kouk on retailers-face-a-tough-christmas
- Bruce Mountain on australian-household-electricity-prices-may-be-25-higher-than-official-reports
- Brendan Gogarty on australias-1-billion-loan-to-adani-is-ripe-for-a-high-court-challenge
- Michael West on why-are-we-still-pursuing-the-adani-carmichael-mine
- David Glance on when-it-comes-to-the-nbn-we-keep-having-the-same-conversations-over-and-over
- Saul Eslake on is-faster-profit-growth-essential-for-a-pick-up-in-wages-growth
- Greg Jericho on coalitions-economic-gains-mean-labor-must-hold-off-on-the-champagne
- Thomas the Think Engine on Money for Jams
- John Edwards on anti-migrant-sentiment-biggest-threat-openness
- John Quiggin on who-will-pay-for-adanis-infrastructure-we-will
- Liz Hanna on the-reality-of-living-with-50-temperatures-in-our-major-cities
- John Stanford on australia-future-submarine-response-christopher-pyne
- Ricardian Ambivalence on are-cuts-back-on-the-table
- Matt Yglesias on puerto-rico-trump
- Josh Barro on trump-gop-tax-plan-political-disaster Thanks Brad
- Tim Duy on fed-poised-to-downplay-weak-data , hurricanes-help-boost-data-while-powell-reportedly-rises-to-the-top-of-the-pack Thanks Mark
- The Conversable economist on chronic-conditions-and-health-care-costs , foreign-direct-investment-in-us-size-and-effects
- Noah Smith on debt-keeps-rising-and-nothing-bad-happens
- Jared Bernstein on real-gdps-still-growing-at-2-on-trend Thanks Mark
- Kruggers on shifts-get-real-understanding-the-gops-policy-quagmire
- Growth economics on Taxing-GDP Thanks Mark
- Progrowth Liberal on trumps-inadequate-response-to-hurricane-maria
- Jared Bernstein on once-again-rather-than-write-a-decent-plan-the-administration-attacks-the-scorekeepers-and-this-time-their-attack-is-particularly-hypocritical Thanks Mark
- Laura Tysson and Lenny Mendonca on four-steps-to-strengthen-obamacare Thanks Mark
- Narayana Kocherlakota on who-trump-will-choose-to-lead-the-fed Thanks Mark
- Mark Thoma gives us Kruggers on will-trump-trumpify-the-fed
- Brad De Long on early-monday-john-cochrane-arithmetic-is-for-losers-resmackdown
- Menzie Chinn on two-pictures-from-the-september-employment-situation
- Kevin O'Rourke on europe-ireland-and-taxes
- stumbling and mumbling on the-lesson-of-the-70s , hammonds-weak-defence-of-markets
- Mainly Macro on the-obr-productivity-and-policy-failures
- Barkley Rosser on the-kurdish-independence-vote
- Rodger Shanahan on syria-five-stages-grief-part-1
- Robert E Kelly on five-lessons-weirdest-north-korea-crisis-yet
- Michael Hamel-Green on beyond-sanctions-a-diplomatic-path-to-peace-on-the-korean-peninsula
- Roger Myerson on game_theory_and_korea Thanks Mark
- Richard Holden on vital-signs-the-data-is-mixed-but-worrying-signs-from-mortgagees
- Samantha Hepburn on the-governments-new-gas-deal-will-ease-the-squeeze-but-dodges-the-price-issue
- Roger Farmer on keynesian-economics-without-the-phillips-curve
- Pseudoerasmus on labour repression and the Indo-Japanese divergance
- Promarket on mergers-bad-innovation Thanks Mark
- Economic Principals on Finding is easy writing is hard Thanks Mark
- Regulatory Review on usefulness-dangers-machine-learning Thanks Mark
- Mainly Macro on why-is-mmt-so-popular
- Long and Variable on do-monetary-policy-committees-present-an-insuperable-barrier-to-odyssian-forward-guidance , agreeing-a-central-bank-communication-strategy, larry-summers-on-the-passing-need-for-central-bank-independence
- Nick Rowe on the-devil-you-know-vs-the-market-for-lemons
- The Conversable economist on some-economics-of-immigration , the-gherkin-story-for-explaining-exchange-rate-risk
- Larry Summers on central-bank-independence Thanks Mark
- Stephen Grenville on global-macroeconomic-puzzles
- John Edwards on global-growth-choppy-forecasts-smooth-sailing
- Microeconomic insights on bargaining-asymmetric-information-empirical-study-plea-negotiations Thanks Mark
- Menzie Chinn on econofact-are-global-imbalances-a-source-of-concern
- Kruggers on the-transfer-problem-and-tax-incidence-insanely-wonkish
- Bank Underground on the-decline-of-solvency-contagion-risk Thanks Mark
- Tim Harford on when-doing-nothing-is-the-best-option
- Understanding Society on refinements-of-social-functionalism Thanks Mark
- Frederic Lemieux on six-things-to-know-about-mass-shootings-in-america
- Thomas the Think Engine on why-does-elon-musk-make-me-so-cross
- Lorenzo on black-lives-matter-and-the-destruction-of-social-capital
- Flowing Data on how-fake-data-goes-viral
- Damien Kingsbury on passion-and-pain-why-secessionist-movements-rarely-succeed
- Lochlan Morrisey on alternative-facts-do-exist-beliefs-lies-and-politics
- Chris Turney on revenge-served-cold-was-scott-of-the-antarctic-sabotaged-by-his-angry-deputy
- and Then Theres Physics on a-bit-more-about-committed-warming , a-harde-response
- Moyhu on september-ncepncar-global-anomaly-down-0.02-in-August
- Ed Hawkins on what-do-future-eruptions-mean-for-climate-projections , is-the-1-5c-target-still-reachable
- Skeptical Science on ClimateImpactsPossibleMtAgung
- Real Climate on 1-5oc-geophysically-impossible-or-not
- Stochastic Trend on more-on-millar et al
- fish-mri-international-relations-studies
- next-causal-inference-machine-learning-intelligent-decision-making
- 5-minutes-really
- response-comments-abandon-statistical-significance
- statistical-methods-expiration-date-talk-university-texas-friday
- 2-quick-calls
- alan-sokals-comments-abandon-statistical-significance
- one-discussion-redefining-abandoning-statistical-significance
- worry-rigged-priors
- missing-will-paper-likely-lead-researchers-think
- biorxiv-cant-central-service
- Miles Kimball on lets-set-half-a-percent-as-the-standard-for-statistical-significance Thanks Brad
- Jodie Beggs on causal-friday-in-which-im-supposed-to-believe-that-kneeling-makes-one-worse-at-sport-ball Thanks Mark
- Rick Wicklin on create-and-interpret-a-weighted-histogram
- Eran Raviv on r-tips-tricks-boxplots
- nicebread on meta-showdown-1
Dianne Coyle (quirky + book reviews)
Vox Wonk
- limits-digitisation
- ceo-s-cultural-heritage-affects-bank-performance-under-competition
- credit-growth-and-global-crisis-new-narrative
- demographic-drivers-americas-will-reduce-illegal-immigration-us
- understanding-strategic-thinking-children-and-adolescents
- new-survey-evidence-impact-brexit-uk-firms
- declining-japanese-long-term-interest-rates-and-implications-monetary-policy
- us-immigration-reform-and-mexican-migration-dynamics
- overcoming-eurozone-wage-inertia
- firearm-background-checks-and-suicide
- guns-and-votes
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