The Fiscal Theory of the Price Level has been percolating among monetary theorists for over three decades: Eric Leeper being the first to offer a formalization of the idea, with Chris Sims and Michael Woodford soon contributed to its further development. But the underlying idea that the taxation power of the state is essential for […]
Last October I posted a critique of a new National Science Foundation (NSF) initiative designed to combine indigenous knowledge with modern science—in the U.S. this time, and to the tune of $30 million. The NSF was very optimistic, as you can see from the article below in Science (click to read; see also a similar […]
Chris Kenny writes at The Australian Facts at a premium in blustery climate debate. Excerpts in italics from text provided by John Ray at his blog, Greenie Watch. My bolds and added images. Collective Idiocy From Intellectual Vanity We think we are so clever. The conceit of contemporary humankind is often unbearable. Yet this modern […]
Last month I wrote about the Government’s failure to repeal David Parker’s mad ‘te Mana o te Wai’ (literally meaning the mana of the water) requirements. A few days ago, the research team at the Taxpayers’ Union were sent the details on how the rules are playing it out in my local area: Otago. While…
I picked up The Post this morning to find the lead story headlined “Recession hits homes harder than businesses”, reporting a speech given earlier this week by Treasury’s deputy secretary and chief economic adviser Dominick Stephens. There was an account of the same speech, but with some different material, on BusinessDesk a couple of days […]
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.
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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