"He's a snake in the grass, I tell ya guys; he may look dumb but that's just a disguise; he's a mastermind in the ways of espionage." Charlie Daniels, "Uneasy Rider" March 2009 - Posts - TT's Lost in Tokyo

March 2009 - Posts

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The Mises Blog on climate change: a beacon of "dim rhetoric" on a surprisingly successful "Earth Hour" by TokyoTom

The Ludwig von Mises Institute (which kindly hosts these pages!) continues to outdo itself on providing empty climate posts, this time by bringing us a new author, Jason King (completely new to LvMI, and apparently with no prior internet-searchable commentary...
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Jim Hansen on Freeman Dyson on climate change by TokyoTom

I received the following in an email from NASA climate scientist James Hansen (whom I`ve mentioned a number of times ), in connection with today`s New York Times Magazine article ( "The Civil Heretic" ) on Freeman Dyson , which is now making...
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Overlooked by those warmed by climate rhetoric ("alarmist" or "denialist") - the fact that our most important commons have NO property rights rules by TokyoTom

 

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[Update] Rot at the Core: Rob Bradley at "free market" MasterResource blog shows his true colors as a rent-seeker for fossil fuels by TokyoTom

[Update: I`ve added more background on Exxon, "Malthusians" and productive engagement.] How has Rob Bradley showed his hand? By shutting down reasoned (if challenging) debate at his blog, in the face of comments that were certainly more "free...
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Rot at the core: federally-owned TVA's massive coal flyash spill - the TVA "protects" affected residents by hassling/arresting the volunteers who help them by TokyoTom

 

 

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Rot at the Core: KC Fed Pres. Hoenig says "Too Big has Failed", and calls for receivership of failed banks / end to bailouts by TokyoTom

Finally, someone in the Fed is arguing that the Fed should stop printing money like crazy to bail out managers, owners and counterparties of failed banks. In a speech on Friday, March 6, Thomas Hoenig , President of the Kansas City Fed, argued strongly...
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[Update] Rot at the core: Paul Volker notes that something is wrong with incentives, but can`t quite put his finger on it; guess that means MORE regulation by TokyoTom

[Update: Links fixed] Bloomberg reported on March 6 that Former Fed Chairman Paul Volker, in proposals to the Obama administration regarding financial regulatory reform that were included in a January report he wrote with the "Group of 30",...
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Rot at the core: Fed Vice Chair Don Kohn`s Senate testimony reveals the Fed’s moral hazard maximizing strategy (h/t Willem Vuiter at the FT) by TokyoTom

The March 6 Financial Times has a great piece by Willem Vuiter , professor at the LSE and former chief economist of the EBRD, that completely rips the Fed`s bailout of AIG`s credit default swap counterparties, as emblembatic of the epidemic of moral hazard...
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[Fixed] Exxon/Rex Tillerson: No longer willing to be "conservative" on climate risks, advocates carbon taxes and invests in carbon-lite tech by TokyoTom

[Somehow most of my excerpts of Tillerson`s speech weren`t included in my first try; there`re here this time.] It may still seem novel to some, but Exxon Mobil Corporation began throwing its weight behind carbon pricing policies more than two years ago...
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MasterResource/Tom Tanton: another muddle-headed "free-marketer" who thinks it's fine that coal gets to shift pollution costs to others by TokyoTom

Sadly, so-called "free-marketers" are often so busy smacking down bad arguments from greens that they fail to note, much less acknowledge, that they're fairly frequently making bad arguments themselves or ignoring gaping inconsistencies...
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Rot at the core: When will Tom Woods and other "Free Market intellectuals" have second thoughts about the state grant of limited liability to shareholders? by TokyoTom

Tom Woods , in his recent "Another "Free Market" Intellectual Has Second Thoughts" post at the Mises Economics Blog, notes with great disappointment that Richard Posner is about to publish a book that will apparently abandon the free...
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Marlo Lewis/CEI at MasterResource: why a massive cap & trade program is much, much better than Jim Hansen's simple rebated carbon tax idea. Or not. by TokyoTom

Marlo Lewis of CEI has a rather schizophrenic post up at Rob Bradley 's MasterResource blog - one of my favorite "free market" fossil-fuel industry-funded sites (unlike the NRO's "Planet Gore", MasterResource actually allows...
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Steven Milloy - yet another thoughtful green-hater - on RFK, Jr. and "coal criminal" Don Blankenship by TokyoTom

Anti-enviro Steven Milloy ,adjunct scholar at CEI, author and co-founder of a gadfly free-enterprise fund, has a post up on his Green Hell Blog about some interesting recent remarks by Robert F. Kennedy, Jr. Apparently RFK Jr., at the "Capitol Climate...
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Who are the misanthropes - "Malthusians" or those who hate them? Rob Bradley and others resist good faith engagement despite obvious institutional failures/absence of property rights by TokyoTom

In a series of posts at the self-declared "free market" blog of the fossil-fuel energy industry funded Institute for Energy Research , energy expert Rob Bradley (former Ken Lay speechwriter and Enron policy wonk) explores his dark forebodings...
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