Written by David Kemp, Kato at LibertyNovember 4, 2020.
excerpt:
Despite the attention, there is no indication that the underlying economics of nuclear power have changed. Nuclear power remains expensive, and its costs are likely to outweigh its benefits as a zero-carbon energy source.
recent washington post editorwith significant support from the Department of Energy (DOE). report The path to introducing new nuclear power summarizes optimism about the outlook for nuclear power. But to anyone paying attention to America’s historical and recent experience with nuclear power, this editorial and report seem grossly overconfident.
Written by Kevin Garcia Galindo, reasonNovember 5, 2024
a working paper Researchers at the Peterson Institute for International Economics (PIIE), an economic policy think tank, are investigating the potential economic effects of mass deportations.
This report describes two scenarios. “A lower bound estimate based on the 1.3 million deportations carried out by President Dwight D. Eisenhower in 1956 under what was officially called “Operation Wetback,” and a Pew Research Center study. Upper estimate study It is estimated that approximately 8.3 million workers were unauthorized in the United States in 2022. ”
Both would have a negative impact on the US economy. In the lower-end scenario, which deports 1.3 million undocumented workers by 2028, gross domestic product (GDP) would be 1.2% lower than the baseline estimate. In the high-end scenario, in which 8.3 million undocumented workers are deported, GDP would decline by 7.4% compared to the 2028 baseline.
Written by David Barker, daily economyNovember 6, 2024.
The Fed is releasing yet another bad climate study. last year, Econ Journal WatchA peer-reviewed academic publication, I criticized the Fed’s working report on climate. The author, Fed economist Michael Kiley, did not respond to the Journal despite being promised space to respond. he published a paper economic survey. Kylie made some changes but didn’t address my criticisms. i have I wrote a new review Kiley’s updated work.
Nobel Prize-winning economist William Nordhaus has made it clear that the impact of rising temperatures will be small compared to projected future economic growth. Therefore, those who fear climate change are trying hard to show that warming will reduce GDP growth. Kiley’s paper argues that further warming will reduce median global GDP growth by 84 percent by the end of this century, and slow growth even more during bad economic times.
Kiley’s analysis gives equal weight to 124 countries, including Rwanda, whose GDP fell by 64 percent in one year as a result of the 1994 genocide. Blaming slightly higher than average temperatures for the year for the genocide is ridiculous. Especially since the warm weather that year occurred after the genocide occurred. Kiley’s data also includes Equatorial Guinea, where oil discoveries increased GDP by 88% in one year.
Written by Michael Chapman, Kato at LibertyNovember 6, 2024.
excerpt:
Many Western leaders, including President Joe Biden and British Prime Minister Keir Starmer, have said that NATO expansion, including Ukraine’s membership, is critical to Europe’s collective security. But the growing U.S.-led NATO appears to contradict what one of its chief architects, Dwight D. Eisenhower, envisioned for the organization. Additionally, the proposed membership ukraine The war reportedly triggered the 2022 invasion of Russia, which has so far killed hundreds of thousands of Ukrainians and cost U.S. taxpayers $175 billion. .
A wiser peace policy, advocated for decades by Cato and other libertarian scholars, abandon efforts to expand NATOresume the withdrawal of US troops from Germany and force Europe to take the lead in its own defense.
NATO was created in 1949 primarily to counter the Soviet Union and (in 1955) the Warsaw Pact. The agreement with the Soviet Union collapsed in 1991, some 33 years ago. General Dwight D. Eisenhower, former Supreme Allied Commander in Europe and chief architect of NATO, wrote in 1951: Then the whole project (NATO) will fail. ” There are currently approximately 100,000 U.S. troops stationed in Europe.
