Celebrating humanity's flourishing through the spread of capitalism and the rule of law
18 Dec 2024 Leave a comment
in budget deficits, business cycles, economic growth, economic history, fiscal policy, macroeconomics, monetary economics, politics - New Zealand
High profile US Economist Paul Krugman has written a New York Times article in which he shows in one graph the incredible resilience and performance of the American Economy. The dark blue line below tracks the pre-pandemic long-run trend in Real GDP. Meanwhile the orange line is actual real GDP. Krugman remarks that now, in…
Nobel Laureate Paul Krugman’s GDP Graph Confirms the Bottom has Fallen Out of the New Zealand Economy
17 Dec 2024 1 Comment
in applied price theory, economics of information, entrepreneurship, industrial organisation, law and economics, politics - USA, Public Choice, survivor principle, theory of the firm Tags: competition law
The case is straightforward: Google pays firms like Apple billions of dollars to make its search engine the default. (N.B. I would rephrase this as Apple charges Google billions of dollars to make its search engine the default–a phrasing which matters if you want to understand what is really going on. But set that aside […]
Some Simple Economics of the Google Antitrust Case
17 Dec 2024 Leave a comment
in environmental economics, politics - New Zealand, politics - USA Tags: recycling
Most plastic simply cannot be recycled – Greenpeace, October 24, 2022 I posted about this matter a couple of years ago, based mainly on 1996 article in, of all places, the NYT, that trashed the whole concept. The writer of that original article, John Tierney, says he got more hate mail for it than any […]
Now In A New Wrapping
16 Dec 2024 1 Comment
in applied price theory, comparative institutional analysis, energy economics, entrepreneurship, environmental economics, law and economics, politics - New Zealand, property rights Tags: solar power
The just resigned Chair of the NZ Green Investment Fund (NZGIF) and Chancellor of Auckland University, Cecilia Tarrant, previously worked at Morgan Stanley Bank in New York, starting in 1997 and finishing in 2009. She’s a very nice person, a lawyer by training, and Structured Products expert, in particular on Mortgage Backed Securities. The collapse of…
Call in the Bailiffs: How the NZ Government’s Green Investment Fund Turned Itself Into an Unpleasant Predatory Lender and Debt Collection Agency.
16 Dec 2024 1 Comment
in applied price theory, health economics, industrial organisation, survivor principle Tags: health insurance
First of all, insurance companies just don’t make that much profit. UnitedHealth Group, the company of which Brian Thompson’s UnitedHealthcare is a subsidiary, is the most valuable private health insurer in the country in terms of market capitalization, and the one with the largest market share. Its net profit margin is just 6.11%… That’s only about half of […]
Health insurance companies are not the main villain
16 Dec 2024 Leave a comment
in defence economics, economics of crime, International law, law and economics, laws of war, war and peace
The principle of proportionality in war, which suggests that the use of force should be commensurate with the objectives sought and the harm avoided, is rooted in humanitarian concerns. However, in the brutal realities of war, this concept is often impractical and can even prolong conflict, resulting in greater suffering. History and military strategy suggest […]
Proportionality in war
16 Dec 2024 1 Comment
in liberalism, Marxist economics, politics - USA Tags: free speech, political correctness, regressive left
This graphic from Nate Silver is fascinating. Up until 2010, Democrats were mainly seen as representing the working class, but now they are mainly seen as standing for marginalised groups and only 11% now identify them as representing the working class. This partially led to Trump winning white working class voters in 2016, and a…
Democrats now about identity, not working class
15 Dec 2024 Leave a comment
in economic history, entrepreneurship, industrial organisation, survivor principle Tags: competition law, creative destruction, merger law enforcement
15 Dec 2024 1 Comment
in economics of climate change, energy economics, environmental economics, environmentalism, financial economics, global warming Tags: British politics, climate activists, wind power
By Paul Homewood h/t Paul Kolk Why does Miliband think he has the right to spend our money as he sees fit? Ministers have been forced to step in and rescue a wind turbine factory after collapsing demand for blades pushed it to near collapse. Wind turbine maker Vestas on Wednesday said […]
Miliband bails out wind turbine factory
15 Dec 2024 1 Comment
in economics of climate change, economics of regulation, energy economics, environmental economics, environmentalism, global warming, liberalism, Marxist economics Tags: British politics, climate activists, climate alarmism
“… fly less, eat less meat and use public transport more often …”
British Government Climate Advisors Demand Everyone Live like Poor People
15 Dec 2024 Leave a comment
in defence economics, war and peace Tags: Russian revolution, World War I
14 Dec 2024 1 Comment
in energy economics, environmental economics, financial economics, global warming, politics - New Zealand
For a civil society to work smoothly and effectively certain ‘social contracts’ need to have broad acceptance and be honoured by all individuals and groups. They are unwritten rules we tacitly observe. They provide a framework of understandings that allow us to live harmoniously. Some of these ‘rules’ or social contracts get defined or backed…
OWEN JENNINGS: Banks Flout their Social Contract
14 Dec 2024 Leave a comment
Bryce Edwards writes – For the governing coalition of National, Act and New Zealand First, its first year in power can be divided into three distinct periods. During the first phase, spanning from its formation in late November 2023 until early March, the coalition increased in popularity. This was the era of “the great rollback”, […]
Democracy Briefing: First among equals? New Zealand First’s year in government
14 Dec 2024 1 Comment
in applied price theory, applied welfare economics, development economics, economics of climate change, energy economics, environmental economics, environmentalism, global warming, growth miracles, politics - Australia, politics - New Zealand, politics - USA
Cost-benefit analyses affirm it would be better to abandon Net Zero policy initiatives and instead “do nothing” about greenhouse gas emissions. New research finds CO2’s largest possible climate impact is “negligible.” The cumulative expected temperature change in doubling CO2 from 400 to 800 ppm is only 0.81°C at most, and this is “certainly not cause…
New Study: Achieving A ‘Net Zero’ Emissions Policy Would Have A ‘Negligible’ 0.28°C Climate Effect
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
A History of the Alt-Right
Econ Prof at George Mason University, Economic Historian, Québécois
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
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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
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Celebrating humanity's flourishing through the spread of capitalism and the rule of law
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Celebrating humanity's flourishing through the spread of capitalism and the rule of law
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Celebrating humanity's flourishing through the spread of capitalism and the rule of law
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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
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Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Res ipsa loquitur - The thing itself speaks
In Hume’s spirit, I will attempt to serve as an ambassador from my world of economics, and help in “finding topics of conversation fit for the entertainment of rational creatures.”
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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
Utopia, you are standing in it! 
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