Rent Control: The Ceiling Trap

Rent control is in the news again. Check out my new website, Rent Control: The Ceiling Trap. Here is just one bit: Norway abolished its rent control in 1982, and the economist Are Oust realized the newspapers had been quietly recording the whole experiment. He collected housing classifieds from Oslo’s Aftenposten from 1970 to 2008 and watched…

Rent Control: The Ceiling Trap

No TOP is not a centrist party

Ashley Church sets out why TOP is not a centrist party. The evidence is overwhelming: It’s not even close. If TOP are in Parliament I would offer odds of 20:1 (if DIA allowed me) that they would support a Labour-Green-Te Pati Maori Government over a centre-right one. The post No TOP is not a centrist…

No TOP is not a centrist party

A New Deal for Presidents? The Supreme Court Overturns Humphrey’s Executor and Reaffirms Executive Power

Below is my column in the New York Post on the historic ruling in Trump v. Slaughter, reinforcing the authority…

A New Deal for Presidents? The Supreme Court Overturns Humphrey’s Executor and Reaffirms Executive Power

Jesus ‘n’ Mo ‘n’ the Islamophobia tsar

Today’s Jesus and Mo strip, called “aspects,” came with a note: “Thankfully, that Anti-Muslim Hostility Tsar seems to be taking his time arriving.” Yes, the British Government was going to appoint a “tsar” to oversee and police anti-Muslim hostility, but the position remains unfilled. The Muslim Council of Britain is complaining (their bolding): The Muslim…

Jesus ‘n’ Mo ‘n’ the Islamophobia tsar

Typewriters and fertility

Workplace technological changes were instrumental in creating new tasks for women over the last century. This paper studies the adoption of the typewriter into US workplaces. Exploiting exogenous variation in typist demand across sectors, I document that the typewriter increased women’s labor force participation, leading to lower rates of marriage and fertility. These developments stemmed…

Typewriters and fertility

Pre-market societies could sometimes have alot of violence

Non-capitalist or pre-capitalist societies can have quite a bit of violence. The first quote comes from The Making of Economic Society, 13e by Robert L. Heilbroner and William Milberg. “It is difficult for us to reconstruct the violent tenor of much of feudal life, but one investigator has provided a statistic that may serve to…

Pre-market societies could sometimes have alot of violence

Lange admitted that Hayek refuted market socialism in a recently discovered 1940 letter to Hayek

see pages 353-54 of https://procesosdemercado.com/revista/articulo/87/galley/951 by Brecht L. Arnaert (2019):.

“In 1940, Hayek (1940 [1972], 198-199) wrote an article that analyzed and criticized Lange’s model in great detail and explained, point by point, which implications of the model were problematic. Lange was deeply impressed by these critiques, and acknowledged that Hayek had succeeded in raising a series of essential errors and problems with the model: «There is no question that you have succeeded in raising essential problems and in showing gaps in the pure static solution given by me. I intend to work in this subject and give an answer to your paper … sometime in the fall.» (Lange, in a letter to Hayek dated August 31, 1940) Such an answer never came.”

Imagine what would have become of declaring who won the socialist calculation debate if this 1940 letter was better known. Hayek never mentioned the letter. The letter from Lange was found in Lange’s complete works published in 1973 in Polish.

Air Conditioning Torn From Homes Under Net Zero Clampdown

Homeowners are being forced to tear out air conditioning from their properties under Net Zero laws that prioritise “passive cooling” and only permit “active cooling” as a “last resort”. The Telegraph has the story. The post Air Conditioning Torn From Homes Under Net Zero Clampdown appeared first on Watts Up With That?.

Air Conditioning Torn From Homes Under Net Zero Clampdown

Will future biomedical advances be low marginal cost?

Most pharmaceuticals involve high upfront costs, to discover and test the drug, and very low marginal costs.  Another pill can be printed almost for free. That cost structure favors health systems, such as that of Britain, that try to pay lower for services.  They can end up getting a relatively good deal from price discrimination. …

Will future biomedical advances be low marginal cost?

No Wind? No Sun? What Could Possibly Go Wrong?

You guessed it! Coal and gas! It’s wonderful, all of this “renewable” electricity! The post No Wind? No Sun? What Could Possibly Go Wrong? appeared first on Watts Up With That?.

No Wind? No Sun? What Could Possibly Go Wrong?

Renationalising British utilities

There is talk of this with the pending change in PM, but I would not do it.  I am quite aware that a) not all of the privatisations went well, and b) American data indicate that state-owned utilities do not seem very economically different than, or less efficient than, privately-owned utilities.  Especially for water, where…

Renationalising British utilities

Nine Tweets Ripping Mamdani’s Economically Illiterate Expansion of Rent Control

I’ve written several columns (here, here, here, here, and here) detailing the folly of rent control. And now that New York City’s dilettante socialist mayor has proposed to expand rent control, I thought about doing the same thing. But I noticed so many clever comments on Twitter/X that I decided on a different approach. Here […]

Nine Tweets Ripping Mamdani’s Economically Illiterate Expansion of Rent Control

Going “All In”: The Supreme Court Delivers Major Wins for the Trump Administration Over Immigration Enforcement

Below is my column on Fox.com on the two immigration decisions yesterday from the Supreme Court. One of the cases…

Going “All In”: The Supreme Court Delivers Major Wins for the Trump Administration Over Immigration Enforcement

Elvis’s last concert.

Anyone who tells me they like rock music but don’t like Elvis, are either lying or don’t like rock or pop music at all. The fact is that without Elvis Rock N Roll would have never been as popular as it is. He always will have a special place in my heart. However there is […]

Elvis’s last concert.

The Hollowing of the Political Centre

Across the Western democracies, the political centre is under pressure. The populist right is rising, especially in Europe and the United States, while younger voters are showing renewed interest in socialism, or at least in much more interventionist economic policies. The result is not that the centre has vanished, but that it has lost much […]

The Hollowing of the Political Centre

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NOT A LOT OF PEOPLE KNOW THAT

“We do not believe any group of men adequate enough or wise enough to operate without scrutiny or without criticism. We know that the only way to avoid error is to detect it, that the only way to detect it is to be free to inquire. We know that in secrecy error undetected will flourish and subvert”. - J Robert Oppenheimer.

STOP THESE THINGS

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Lindsay Mitchell

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