Celebrating humanity's flourishing through the spread of capitalism and the rule of law
24 Mar 2026 Leave a comment
in applied price theory, Austrian economics, budget deficits, development economics, economic history, fiscal policy, growth disasters, macroeconomics Tags: Argentina
Part I of this series focused on the horrible economic conditions that led to Javier Milei’s election in late 2023. For Part II, let’s start with this segment from an interview I did last week while in Slovenia. In less than two minutes, I tried to summarize Milei’s achievements. Let’s take a more detailed look, […]
Javier Milei Week, Part II: Good Fiscal Policies, Good Fiscal Results
23 Mar 2026 Leave a comment
in comparative institutional analysis, constitutional political economy, politics
In mixed-member proportional (MMP) electoral systems, an “overhang” seat can result if a party wins more seats via the nominal tier (of, typically, single-seat districts) than it would be entitled to if a regular proportional-representation (PR) systems were used.
Strategic overhangs and ways to prevent them in MMP systems
23 Mar 2026 Leave a comment
in politics - USA, public economics, urban economics
As a Chicago native, I have watched my home city unravel under the policies of Mayor Brandon Johnson and the…
Chi-Town Meltdown: Chicago Ramps Up Taxes and Debt in Familiar Death Spiral
23 Mar 2026 Leave a comment
in applied price theory, Austrian economics, budget deficits, business cycles, development economics, economic growth, economic history, growth disasters, liberalism, libertarianism, macroeconomics, Marxist economics Tags: Argentina
Given my enthusiasm for Javier Milei and his libertarian reforms, I’m excited to be in Buenos Aires for a week-long program on “Understanding Argentina’s Transformations Under Milei.” This means a heavy does of Milei-ism this week. For today’s column, I’m going to share some slides from a presentation by Alejandro Rodriguez on the “Inheritance” Milei […]
Javier Milei Week, Part I: Inheriting an Economic Crisis
22 Mar 2026 Leave a comment
in energy economics, environmentalism, transport economics Tags: electric cars
By Paul Homewood Car manufacturers must ensure that electric cars make up at least 33% of their total registrations this year or face swingeing government fines of £12000 for every car they are short. So far, they are struggling at below 22%, which is even less than at the same stage last year. They […]
Electric Car Mandates Start To Bite
22 Mar 2026 Leave a comment
in applied price theory, defence economics, energy economics, war and peace Tags: Iran, Oil prices
[Robin] Brooks: So let me give you two ways of thinking about what’s going on, both of them are really about trying to think about what kind of risk premia need to be priced in oil, given all the massive uncertainty that we have. The first way that I’ve been thinking about this is—I spent […]
How much more will oil prices have to go up?
22 Mar 2026 Leave a comment
in economics of crime, economics of religion, law and economics, libertarianism, politics - New Zealand
The Herald reports: Senior Government minister Louise Upston visited Gloriavale in late January, months after refusing to rule out closing the religious community following allegations of child abuse in the community. Newstalk ZB has confirmed Upston visited the sect on January 30, alongside officials from the Ministry of Social Development. This story is puzzling. As…
What power would allow Ministers to close down a community?
21 Mar 2026 Leave a comment
in economics of education, human capital, labour economics Tags: free speech, IQ, political correctness, racial discrimination, regressive left
My friend the Belgian philosopher Maarten Boudry is writing about what he calls, correctly, “the most dangerous idea in academia”—an idea that can get you banned or even fired if you even suggest it. It is, of course, the notion that different “races” differ on average in IQ or intelligence. It’s such a hot potato…
The taboo idea you can’t discuss in academia
21 Mar 2026 Leave a comment
in economics of crime, law and economics, politics - USA
Most US Presidents have done dubious pardons – Clinton re Marc Rich and Joe Biden re Hunter Biden etc. But as the libertarian Cato Institute point out, Trump’s pardons are in a different league: Biden’s pardons eliminated roughly $680,000 in financial penalties (fines, restitution, and forfeitures) owed to victims or the government. In contrast, Liz Oyer,…
Corrupt pardons
21 Mar 2026 Leave a comment
in defence economics, economics of crime, International law, law and economics, laws of war, movies, war and peace Tags: Nazi Germany, World War II
During World War II, one of the most daring and ambitious prisoner-of-war (POW) escapes in history took place in the German POW camp Stalag Luft III. Known as “The Great Escape,” Allied airmen executed this remarkable event, which demonstrated extraordinary resilience, ingenuity, and bravery in their pursuit of freedom. While the escape itself was a […]
The True Story of the Great Escape
21 Mar 2026 Leave a comment
in applied price theory, development economics, economics of regulation, growth disasters, transport economics, urban economics Tags: South Africa
Rio de Janeiro let its hillsides be filled in with lower-cost dwellings. The result was a significant increase in the crime rate. On the more positive side of the ledger, upward mobility increased too. If you live in a decent favela, you can get to a downtown job with not too much difficulty, albeit with…
Some simple spatial analytics of Cape Town
20 Mar 2026 1 Comment
in Adam Smith, history of economic thought
The US semiquincentennial (that is, half of 500 years) will be July 4 of this year, but economists celebrated a 250th anniversary of their own on March 9, marking the original publication date of Adam Smith’s An Inquity into the Nature and Causes of the Wealth of Nations. It’s of course fundamentally impossible to sum up…
The Wealth of Nations: What’s It all About?
20 Mar 2026 1 Comment
in constitutional political economy, economic history, Public Choice Tags: British constitutional law, British history, British politics
The retirement of Lord Salisbury in 1902 marked the end of the last premiership undertaken from the House of Lords, but in the nineteenth century, more prime ministers led governments from the Lords than the Commons. In this article, Dr Kathryn Rix, of our House of Commons, 1832-1945 project, explores the history and significance of…
Prime Ministers in the House of Lords
19 Mar 2026 Leave a comment
in discrimination, gender, law and economics, liberalism, Marxist economics, politics - New Zealand Tags: free speech, political correctness, regressive left, sex discrimination
An Area Standards Committee of the Law Society fined Stephen Franks and Franks Ogilvy for, well being lawyers. They sent a letter on behalf of their client to health professionals involved in “gender affirming care”. The ASC found that they had “used a legal process for an improper purpose”, censured them and fined them. I…
An outrageous legal complaint decision overturned
19 Mar 2026 Leave a comment
in politics - New Zealand Tags: voter demographics
If you want to understand what will happen on 7 November, forget the polls for a moment. Forget the horse-race coverage, the personality contests, and the pundit predictions. Instead, read Danyl McLauchlan’s cover story in this week’s Listener magazine. It’s the sharpest piece of political analysis I’ve read this cycle – and probably the most […]
The five voter tribes that will decide who governs New Zealand
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Celebrating humanity's flourishing through the spread of capitalism and the rule of law
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