The Laffer Curve is a special case of a basic theorem in calculus: Rolle's Theorem. There is much discuaaion of the validity of dthe Laffer Curve, but no one doubts Rolle's Theorem.
Thanks George - I hadn't connected the Laffer Curve to Rolle's Theorem - but yes, 100%. The "tricky bit" in economics is the shape of the curve bewteen the known end-points!
I learned long ago people make you feel as they feel. That’s how the Human works. The environmentalists are morally estranged from the deep exuberance created by the modern industrial world. They have been left out of experiencing it by their “environmental consciousness”, which is their sick way to damn the moral standing of Human flourishing by judging how much pollution it creates. So when you mention all the limitations and obstacles they burden onto a typical person’s life, it’s designed to make everyone feel their suffering of being morally estranged in a modern society.
Thanks Richard. It was time to give a good news to us in Britain. At least we know there is coal and unconventional petroleum to be exploited after we reach the bottom of the well.
The scary part of Labor foolishness on energy policy is that when the infrastructure gets diminished or removed, it renders what would otherwise be economically sound add-on developments uneconomic. Once they damage the oil and gas infrastructure, a lot of smaller oil and gas developments in the North Sea will no longer be viable.
Exactly... its been looming for a while, but hard to see it not happening this time. And then there is the loss of "human capital" (experience) which is already an issue in the industry. Building stuff (infrastructure, knowledge, wealth) is a long slow process. Wrecking it is quick and easy.
Very informed comments. Energy Security never matters (these days), until it suddenly does. I have been to Brighton at least once, loved it, although I took the train from London, in about 2003.
Pandreco,
The Laffer Curve is a special case of a basic theorem in calculus: Rolle's Theorem. There is much discuaaion of the validity of dthe Laffer Curve, but no one doubts Rolle's Theorem.
George
Thanks George - I hadn't connected the Laffer Curve to Rolle's Theorem - but yes, 100%. The "tricky bit" in economics is the shape of the curve bewteen the known end-points!
Great points on economic realities.
I learned long ago people make you feel as they feel. That’s how the Human works. The environmentalists are morally estranged from the deep exuberance created by the modern industrial world. They have been left out of experiencing it by their “environmental consciousness”, which is their sick way to damn the moral standing of Human flourishing by judging how much pollution it creates. So when you mention all the limitations and obstacles they burden onto a typical person’s life, it’s designed to make everyone feel their suffering of being morally estranged in a modern society.
Thanks Richard. It was time to give a good news to us in Britain. At least we know there is coal and unconventional petroleum to be exploited after we reach the bottom of the well.
Lots of coal, and maybe lots of shale gas... but also lots of eNGOs and "concerned citizens".
The scary part of Labor foolishness on energy policy is that when the infrastructure gets diminished or removed, it renders what would otherwise be economically sound add-on developments uneconomic. Once they damage the oil and gas infrastructure, a lot of smaller oil and gas developments in the North Sea will no longer be viable.
Exactly... its been looming for a while, but hard to see it not happening this time. And then there is the loss of "human capital" (experience) which is already an issue in the industry. Building stuff (infrastructure, knowledge, wealth) is a long slow process. Wrecking it is quick and easy.
Very informed comments. Energy Security never matters (these days), until it suddenly does. I have been to Brighton at least once, loved it, although I took the train from London, in about 2003.