Last year (2014), China overtook the United States in gross domestic product adjusted for purchasing power (GDP-PPP, see point 4 for explanation), according to both the International Monetary Fund (IMF) and the World Bank (Note 1). It may come as a surprise, but this is really a matter of China simply reasserting its position as the world’s largest economy, which it had lost around 1890 to the United States. This is based on estimates developed by the late legendary economist Angus Maddison of the Organization for Economic Cooperation and Development (OECD).
As the pumped-up spectre of climatic catastrophe continues to deflate, Ruper Darwall’s new book makes a handy guide to the conceits, careerism, delusions and blatant misrepresentations that debased the good name of science and set the stage for economic ruin.
Recent studies examining the impact of renewable energy policies point to their disruptive impact on competitive electricity markets, including the operation of nuclear plants located in those areas.
Tim Worstall of the Adam Smith Institute looked at the 16 countries which, according to the new OECD study “Better Life,” are “happier” than the US, and found the answer:[…]