Thursday, 19 October 2017

Around the Traps 20/10/17

It is time again for Around the Traps

Northern America
Andrew Gelman (mainly stats)
Genial Dave Giles (econometrics)
  • nuttin not happy Dave!😢
  • Dianne Coyle (quirky + book reviews)
Vox wonk

Wednesday, 18 October 2017

Trump again

Trump again showing in essence no class at all.
so what do we know about him as President.

  • He is old, fat and lazy. 
  • He rarely understands his one page very generalised briefs  
  • He loses his concentration very easily
  • He gets into tantrums very easily
  • He lies all the time ( see HERE and HERE in more detail) 
  • He doubles down every time he is caught out.
  • He does not possess empathy 
  • He is a very poor speaker
  • He is easily the most stupid person to be in the office in my living memory ( see transcript of talk with Our PM)
  • He is a woeful negotiator ( see transcript of talk with Mexican President)
  • He pays more attention to Fox and Friends and Breitbart than to his own advisors
  • He is a sucker for fake news. (See above) 
  • He hates the continual leaking within his Administration
Add to that what we knew before hand
  • He trades in his wives for the new model
  • He is ill informed and ignorant on most topics
  • He has never grown up
  • He has little understanding of social mores
  • He regularly abuses people
  • He hates criticism
  • He hates being found out
Let us take but one example. He threatens North Korea with military force yet everyone knows he will not use force because of the deadly consequences for South Korea. Is he that stupid?

LUNATICS still support him though. Mind you they are as ignorant and ill informed as he.

Tuesday, 17 October 2017

The National Energy Target

The Government announced its National Energy Target yesterday.  We still have plenty of detail to come.

I agree with David Blowers who says how-the-national-energy-guarantee-could-work-better-than-a-clean-energy-target.

Has Turnbull and Frydenburg given us a clean energy target through other means.
 I totally agree when Blowers states  'The National Energy Guarantee is not the best policy solution. A carbon price imposed on electricity generators may have avoided the need for either of the two “guarantees” contained in the NEG. But the political reality is that a carbon price of any sort is not going to be adopted in Australia any time soon. '

A price of carbon is easily the best solution. This was recognised by John Howard way back in 2007.It means coal is no longer subsidised by consumers because their externalities are NOT internalised.
People who believe in markets would support such a solution. It is a great pity this no longer exists in the Liberal party. It has of course rarely existed in the National party.


John Quiggin
Alan Pears et al
Frank Jotzo and Salim Mazouz

I should add please note that john shows how different dispatchable power is to base load power. Abbott will be furious.
Also note the ALP have NOT said they will oppose this. I doubt if they will. They will make much of no modelling at all but we might just might have a bi-partisan policy here. Thanks you Malcolm.

Further Update.

The benefits of cap and trade are  larger than once thought

Monday, 16 October 2017

Are 631 coal plants being built around the world?

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.

Also Environmental Economics on wither-coal-despite-all-attempts-to-the-contrary-whats-next

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?

Thursday, 12 October 2017

Around the Traps 13/10/17

It is time for Around the Traps again

Northern America
Andrew Gelman (mainly stats)
Genial Dave Giles (econometrics)
Dianne Coyle (quirky + book reviews)
Vox wonk

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