Reuters: Mark Cuban’s Cost Plus Drug Company said…that it is working with the U.S. Food and Drug Administration to import and distribute penicillin in the country temporarily….Cuban’s Cost Plus will import Lentocilin brand penicillin powder marketed by Portugal-based Laboratórios Atral S.A. There are two remarkable items in the above passage. First, there is a shortage…
Peer Approval to Address Drug Shortages
Peer Approval to Address Drug Shortages
02 Oct 2024 Leave a comment
in applied price theory, economics of regulation, health economics, politics - USA Tags: drug lags
Inquiring into banking
02 Oct 2024 Leave a comment
in applied price theory, economics of bureaucracy, economics of regulation, financial economics, macroeconomics, monetary economics, politics - New Zealand, Public Choice Tags: monetary policy competition law
Hard on the heels of the Commerce Commission’s inquiry into some aspects of banking competition, Parliament’s Finance and Expenditure Committee is also holding an inquiry. Submissions weren’t open for very long and have now closed, but the full terms of reference are here. It is a select committee inquiry, so it is hard to be […]
Inquiring into banking
Canada Is Part of the Anti-Convergence Club
01 Oct 2024 Leave a comment
in applied price theory, budget deficits, comparative institutional analysis, economic growth, economic history, economics of regulation, environmental economics, fiscal policy, labour economics, labour supply, law and economics, macroeconomics, property rights Tags: Canada
Economists widely agree with the theory of “convergence,” which is the (mostly true) idea that poor nations should grow faster than rich nations as they catch up (converge). But there are exceptions. Sometimes a richer country will grow faster than a poorer country over a significant period of time, and we can learn from these examples. This is […]
Canada Is Part of the Anti-Convergence Club
The industrial revolution
01 Oct 2024 Leave a comment
in development economics, economic history, growth miracles Tags: industrial revolution, The Great Enrichment
The woke to a tee
30 Sep 2024 Leave a comment
in economics of media and culture, liberalism, Marxist economics, movies, politics - Australia, politics - New Zealand, politics - USA, television Tags: Age of Enlightenment, free speech, political correctness, regressive left
The 1837 Canadian Rebellions
30 Sep 2024 Leave a comment
in economic history, Public Choice Tags: Canada
Why There Will Never Be A Zero Emissions Electricity System Powered Mainly By Wind And Sun
30 Sep 2024 Leave a comment
in energy economics, environmental economics, global warming Tags: solar power, wind power
he reason is that the intermittency of wind and solar generators means that they require full back-up from some other source. But the back-up source will by hypothesis be woefully underused and idle most of the time so long as most of the electricity comes from wind and sun. No back-up source can possibly be economical under these conditions, and therefore nobody will develop and deploy such a source.
Why There Will Never Be A Zero Emissions Electricity System Powered Mainly By Wind And Sun
1…b6 Chess Opening Against 1.e4 & 1.d4 [English Defense & Owen’s Defense]
29 Sep 2024 Leave a comment
in chess
Battle of Polygon Wood – Betrayal At The Italian Front I THE GREAT WAR W…
29 Sep 2024 Leave a comment
in defence economics, war and peace Tags: World War I
Bill Maher on patriotism and privilege
29 Sep 2024 Leave a comment
in television, TV shows
Here’s Bill Maher’s latest (8-minute) comedy bit from “Real Time”. Surprisingly, it’s very patriotic. Maher extols the Harris’s campaign emphasis on patriotism and the privilege of being an American, but kvetches that the young folk aren’t buying it. His example: the vocal attempts of pro-Palestinian protestors to bring down America. Yes, whether or not they’re […]
Bill Maher on patriotism and privilege
Proof that 1+1=2
29 Sep 2024 Leave a comment
in economics of education Tags: philosophy of science
There is no such thing as an empirical proof. Empirical observations and experiments are always open to doubt, even if to a miniscule extent. So the proof that 1+1=2 is not obtained by conducting a survey to observe all instances of 1 plus 1 objects, and seeing if they make 2. The proof that 1+1=2 […]
Proof that 1+1=2
Phoebe Plummer of Just Stop Oil Sentenced to Two Years–JSO Sad
29 Sep 2024 Leave a comment
in economics of climate change, economics of crime, energy economics, environmental economics, environmentalism, global warming, law and economics Tags: British politics, climate activists, regressive left, useful idiots
hoebe and Anna have just been sentenced to 2 years and 20 months in prison respectively after throwing soup over the glass frame of Van Gogh’s ‘Sunflowers’.
Phoebe Plummer of Just Stop Oil Sentenced to Two Years–JSO Sad
The BBC once again won’t use the word “terrorists” for Hamas
28 Sep 2024 Leave a comment
in defence economics, economics of crime, economics of information, law and economics, laws of war, war and peace Tags: British politics, Gaza Strip, media bias, Middle-East politics, political correctness, regressive left, war against terror
This article just appeared in Spiked (click headline below to read), but you can see a similar piece in the Times of Israel. The upshot is that the BBC, which has long bridled at using the word “terrorists” for Hamas, is now bridling again when the Beeb itself shows a documentary about the Nova Music […]
The BBC once again won’t use the word “terrorists” for Hamas
Creative destruction again
28 Sep 2024 Leave a comment
in applied price theory, industrial organisation, labour economics, labour supply, managerial economics, occupational choice, organisational economics, personnel economics Tags: creative destruction, economics of pandemics
Another zero lower bound prediction bites the dust
28 Sep 2024 Leave a comment
in applied price theory, budget deficits, business cycles, economic growth, fiscal policy, history of economic thought, labour economics, macroeconomics, monetary economics, public economics, unemployment Tags: New Keynesian macroeconomics
Popular New Keynesian macroeconomic models predict that cuts in various types of distortionary taxes are contractionary when monetary policy is constrained at the zero lower bound. We turn to a long span of history in the United Kingdom to test this hypothesis. Using a new long-run dataset of narrative-identified tax changes from 1918to 2020, we […]
Another zero lower bound prediction bites the dust
Utopia, you are standing in it! 
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