A new sandpit for long side discussions, conspiracy theories, idees fixes and so on. Like this:Like Loading...
Read More »Monday Message Board
Back again with another Monday Message Board. Post comments on any topic. Civil discussion and no coarse language please. Side discussions and idees fixes to the sandpits, please. If you would like to receive my (hopefully) regular email news, please sign up using the following link http://eepurl.com/dAv6sX You can also follow me on Twitter @JohnQuiggin, at my Facebook public page and at my Economics in Two Lessons page Like this:Like Loading...
Read More »Consumed by fire (crosspost from Crooked Timber)
(Most of this will be familiar to regular readers of this blog. But it seems simplest to crosspost the whole thing, rather than do a separate version). It’s been hard to think straight with the fires that have burned through most of Australia for months. Brisbane was among the first places affected, with the loss of the historic Binna Burra lodge, on the edge of a rainforest, a place where no one expected a catastrophic fire. But, as it turned out, we got off easy compared to the...
Read More »On CNN
If all goes to plan, I will be on CNN International Newsroom at 3pm Brisbane time talking about economic impact of #AustralianFires My preliminary estimate of costs, at least $100 billion. Share this:Like this:Like Loading...
Read More »Australia is promising $2 billion for the fires. I estimate recovery will cost $100 billion
That’s the self-explanatory headline for a piece I wrote for CNN Business in the US. Major contributors to this number, beyond the direct loss of property include damage to the tourist industry (I estimate up to $20 billion)health effects, including 1000 or more premature deaths from smoke (up to $10 billion)need for massive expenditure to deal with future disastersecosystem destruction and wildlife deaths (impossible to value, but catastrophic) Share this:Like this:Like Loading......
Read More »Slow Burn
That’s the headline for my latest piece in Inside Story, with the summary Hundreds more deaths will result from the particulates created by Australia’s current crop of bushfires At the time of writing, at least fourteen people have been killed by this season’s bushfires. And with most of January and all of February still to come, the number is sure to rise. But these dramatic deaths are far outweighed by the hundreds, perhaps thousands, of deaths that will ultimately result from...
Read More »Old men behaving badly (3rd repost)
I first posted this in 2011, reposted it in 2014 and again in 2019. Sadly, nothing changes, except that the old men keep getting stupider and behaving worse. John Howard’s endorsement of Ian Plimer’s children’s version of his absurd anti-science tract Heaven and Earth has at least one good feature. I can now cut the number of prominent Australian conservatives for whom I have any intellectual respect down from two to one.[1] Howard’s acceptance of anti-science nonsense shows that, for...
Read More »Monday Message Board
Back again with another Monday Message Board. Post comments on any topic. Civil discussion and no coarse language please. Side discussions and idees fixes to the sandpits, please. If you would like to receive my (hopefully) regular email news, please sign up using the following link http://eepurl.com/dAv6sX You can also follow me on Twitter @JohnQuiggin, at my Facebook public page and at my Economics in Two Lessons page Like this:Like Loading...
Read More »The opportunity cost of destruction
With much of Australia suffering catastrophic fires and the beginning of a new war with Iran, lots of people are thinking about the idea that such disasters are good for the economy, because of the work generated in rebuilding homes, producing war materials and so on. In my book Economics in Two Lessons, I explain why this is wrong (this is one point where I agree with Henry Hazlitt’s Economics in One Lesson. Here’s a link to Chapter 6: The opportunity cost of destruction US President...
Read More »Climate deniers are worse than antivaxers but get treated better
One point that’s come up in discussion of the fire cataclysm is the fact that anti-vaxers are viewed with contempt, and subject to sanctions like “no jab, no play”, while climate deniers are still given respectful treatment, media platforms and so on. The explanation is simple enough: climate deniers are rich, powerful and numerous, including most of the rightwing commentariat and much of the government. Although both groups are wrong, and present a huge danger to the community,...
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