tag:blogger.com,1999:blog-1462488453822156883.post4132483490752970733..comments2024-03-29T04:12:15.091+11:00Comments on loon pond: Day 53 of MUC and day 6 of MOC, and the phoney war continues, just leaving time for the war on climate science ...Unknownnoreply@blogger.comBlogger2125tag:blogger.com,1999:blog-1462488453822156883.post-9506721980866540632016-05-14T00:27:54.610+10:002016-05-14T00:27:54.610+10:00Perhaps Moran needs to greghunt "Pigovian tax...Perhaps Moran needs to greghunt <a href="https://en.wikipedia.org/wiki/Pigovian_tax" rel="nofollow">"Pigovian taxes"</a>, a method by which the failure of the market to set accurate prices for products is corrected. The exact level that a Pigovian carbon tax should be set to properly correct this market <b><i>failure</i></b> is necessarily open to debate, but the best estimates are in the $100 - $150 per MWh (low end for black coal, high end for brown).<br /><br />So what's the cheapest way to generate electricity again, Alan?<br /><br />Of course, the very idea that a tax (boo!) could correct a market failure (wha...?) is sufficient to cause Alan's small intestine to leap up and strangle his brain, so I imagine he will go on beating his Tin Drum rather than grow up.FrankDnoreply@blogger.comtag:blogger.com,1999:blog-1462488453822156883.post-79233441295885152262016-05-13T16:04:14.349+10:002016-05-13T16:04:14.349+10:00Moran is mentioned in a Monthly piece I happened t...Moran is mentioned in a Monthly piece I happened to read this morning by Chairman Rudd after his falling out with Chairman Rupe. Rudd attempts to reinvent himself (again!) as always having been a true believing social democrat rather than in fact having been staunchly neoliberal up to the point in the breaking GFC crisis where Treasury set him straight with a plan he still wants credit for. It's a longish read, articulate, but who does the dud think he's kidding?<br /><a href="https://www.themonthly.com.au/issue/2009/february/1319602475/kevin-rudd/global-financial-crisis" rel="nofollow">The global financial crisis - By Kevin Rudd</a> <br /><i>Stabilising the financial system is a necessary first step towards preventing systemic collapse. But the collapse of the speculative bubble and the subsequent credit squeeze have already brought about a slowdown in economic growth, rising unemployment, and the possibility of a lengthy global recession. Neo-liberals such as <b>Alan Moran, of the Australian Institute of Public Affairs,</b> argue that the cost of the recession should be borne by employees, through wage cuts and retrenchment - exactly the position of US Treasury Secretary Andrew Mellon at the outset of the Great Depression. Social democrats, by contrast, stress the central role of the state in maintaining aggregate demand, both for consumption and investment spending, at a time of faltering growth. That is, the state must involve itself in direct demand-side stimulus to offset the large-scale contraction in private demand. ..</i><br /><br /><a href="http://www.theguardian.com/commentisfree/2013/sep/02/rupert-murdoch-australia" rel="nofollow">Kevin Rudd and Rupert Murdoch: a brief history</a> Anonymousnoreply@blogger.com