Celebrating humanity's flourishing through the spread of capitalism and the rule of law
27 Mar 2026 Leave a comment
in applied price theory, Austrian economics, budget deficits, business cycles, development economics, growth disasters, macroeconomics, monetary economics Tags: Argentina
I’ve been participating in a conference in Argentina this week on “Understanding Argentina’s Transformations Under Milei.” Part I reviewed the horrible economic conditions that plagued Argentina when Javier Milei took office. Part II looked at Milei’s spending restraint and some of the subsequent improvements in fiscal outcomes. Part III examined Milei’s remarkable progress with regards to […]
Javier Milei Week, Part V: Fixing Argentina’s Monetary Crisis
27 Mar 2026 Leave a comment
in environmentalism, politics - New Zealand
TOP isn’t above Left and Right. It’s just the Left in better packaging Every election cycle, like clockwork, Opportunity (TOP) reappears. It refreshes its branding, gets a new leader, rolls out a new slate of candidates, and the media, just as predictably, froths over them. Since Gareth Morgan founded the party in 2016, this has become a […]
The truth about TOP
26 Mar 2026 Leave a comment
in defence economics, economics of education
Frederick Forsyth (1938 to 2025) was an English novelist and journalist. He’s best known for the string of meticulously researched popular thrillers he wrote in a 30-year career between the early 70s and the early Noughties. He wrote 14 novels in total, none of them as good as the debut, his first and best novel […]
Frederick Forsyth reviews
26 Mar 2026 Leave a comment
Tweet… is from page 15 of the late Brian Doherty’s excellent 2007 book, Radicals for Capitalism: A Freewheeling History of the Modern American Libertarian Movement: Libertarianism is based in economic theory, as economic science teaches how workable order can arise from the seeming chaos of free actions uncoordinated by a single outside intelligence, and how…
Quotation of the Day…
26 Mar 2026 Leave a comment
Although I did call attention to the death of Robert Trivers, age 83, on March 12, and I knew him slightly, I did not have the chops to summarize his many contributions, nor did I know him that well (we overlapped at Harvard). Fortunately, Steve Pinker has produced an absolutely terrific bio of Trivers at…
Two obituaries of Robert Trivers
26 Mar 2026 Leave a comment
in applied price theory, comparative institutional analysis, development economics, economic history, economics of regulation, history of economic thought, liberalism, Marxist economics
I’ve written a four-part series (here, here, here, and here) explaining why socialism is a bad idea, but let’s use today’s column to define this evil ideology. As I mentioned in the video, genuine socialism is based on three very specific concepts. Government ownership of the means of production Central planning to determine the allocation […]
Defining Socialism
26 Mar 2026 Leave a comment
in development economics, entrepreneurship, growth miracles, health economics Tags: drug lags
This paper examines China’s transition from pharmaceutical “free rider” to global innovator over the last decade. In 2010, China accounted for less than 8% of global clinical trials; by 2020, it had surpassed the US in annual registered clinical trial volume. To study this transformation, we compile a comprehensive, synchronized database spanning the pharmaceutical drug…
The rise of China as a global innovator in pharma (incentives matter)
26 Mar 2026 Leave a comment
in financial economics, international economic law, international economics
I heard a story some years back about a court case that involved following a blizzard of cross-border financial payments. Apparently, even the lawyers were having a hard time tracking, and the jury was completely at sea. But the lawyers and the judge all knew that only one thing actually mattered in the trial. Would…
Snapshots of “Cross-Border Financial Centers”
26 Mar 2026 Leave a comment
in applied price theory, Austrian economics, development economics, economic history, growth disasters, industrial organisation, international economics, survivor principle Tags: Argentina
Last year, as part of a series on the additional reforms Milei needs to enact in Argentina, I shared this video on reducing protectionism. Since the video was only one-minute long, there was no chance to provide details. But at the conference in Buenos Aires this week, Professor Jorge Streb shared some fascinating details on […]
Javier Milei Week, Part IV: Argentina’s Pre-2023 Descent into Protectionism
26 Mar 2026 Leave a comment
in defence economics, movies, war and peace Tags: World War II
Stewart’s draft number was 310, and when he appeared before Draft Board No. 245 in West Los Angeles in February 1941, the 6’3” actor weighed just 138 pounds—five pounds under the minimum requirement. He was rejected for service. Undeterred, Stewart took matters into his own hands. Aware he was nearing the age limit for flight […]
James Stewart-WW2 Hero
25 Mar 2026 Leave a comment
in applied price theory, economics of regulation, human capital, labour economics, labour supply, law and economics, occupational choice, politics - New Zealand, property rights Tags: employment law, offsetting behavior, unintended consequences
Susan Hornsby-Geluk writes: Among the most controversial aspects of the recently enacted Employment Relations Amendment Act 2026 is the introduction of a high-income threshold for personal grievance claims. Under the new provisions, employees earning $200,000 or more in annual remuneration will lose the right to bring a personal grievance for unjustified dismissal, or an unjustified…
A worthwhile trade off
25 Mar 2026 Leave a comment
in economics of climate change, energy economics, environmental economics, environmentalism, global warming Tags: atomic energy, Germany, wind power
Professor Fritz Vahrenholt revisits Germany’s transition to green energies (Energiewende), calling the country’s exit from nuclear power a huge mistake, one that even the current government now acknowledges. Prof. Fritz Vahrenholt (photo) looks at the high costs of green energy subsidies in Germany. In 2025, wind and solar operators received approximately €16.5 billion in government…
Energy Expert: Germany’s Nuclear Phaseout Was A “500 Billion Euro Mistake”
25 Mar 2026 Leave a comment
in Austrian economics, development economics, Public Choice, economics of regulation, applied price theory, economic history, growth disasters, economics of bureaucracy Tags: Argentina
Part I of this series reviewed the horrible economic conditions that plagued Argentina when Javier Milei took office. Part II looked at Milei’s spending restraint and some of the subsequent improvements in fiscal outcomes. For today’s column, let’s focus on what Milei has achieved in areas other than fiscal policy, and it will be based […]
Javier Milei Week, Part III: Good Economic Policies, Good Economic Results
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
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Scholarly commentary on law, economics, and more
Beatrice Cherrier's blog
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Why Evolution is True is a blog written by Jerry Coyne, centered on evolution and biology but also dealing with diverse topics like politics, culture, and cats.
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
A rural perspective with a blue tint by Ele Ludemann
DPF's Kiwiblog - Fomenting Happy Mischief since 2003
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
The world's most viewed site on global warming and climate change
Tim Harding's writings on rationality, informal logic and skepticism
A window into Doc Freiberger's library
Let's examine hard decisions!
Commentary on monetary policy in the spirit of R. G. Hawtrey
Thoughts on public policy and the media
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Politics and the economy
A blog (primarily) on Canadian and Commonwealth political history and institutions
Reading between the lines, and underneath the hype.
Economics, and such stuff as dreams are made on
"The British constitution has always been puzzling, and always will be." --Queen Elizabeth II
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
WORLD WAR II, MUSIC, HISTORY, HOLOCAUST
Undisciplined scholar, recovering academic
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Res ipsa loquitur - The thing itself speaks
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Researching the House of Commons, 1832-1868
Articles and research from the History of Parliament Trust
Reflections on books and art
Posts on the History of Law, Crime, and Justice
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Exploring the Monarchs of Europe
Cutting edge science you can dice with
Small Steps Toward A Much Better World
“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.
The truth about the great wind power fraud - we're not here to debate the wind industry, we're here to destroy it.
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Economics, public policy, monetary policy, financial regulation, with a New Zealand perspective
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Restraining Government in America and Around the World
Utopia, you are standing in it! 
Recent Comments