Celebrating humanity's flourishing through the spread of capitalism and the rule of law
14 Dec 2023 Leave a comment
in development economics, energy economics, environmental economics, global warming, growth miracles
Once again equivocation rules climatists. After the uproar over demands to “phase out” hydrocarbon fuel, the wording was changed to say “transition away.” Thus the divide is papered over while alarmists claim agreement was reached to “leave it in the ground.” Others will point to language such as “transition away in a just, orderly and […]
COP28 Optics: Deal to “Transition Away” not “Phase Out” Fossil Fuels
14 Dec 2023 Leave a comment
in business cycles, economic growth, economic history, financial economics, great depression, history of economic thought, labour economics, macroeconomics, Milton Friedman, monetarism, monetary economics, unemployment Tags: monetary policy
In my previous post, I explained how the real-bills doctrine originally espoused by Adam Smith was later misunderstood and misapplied as a policy guide for central banking, not, as Smith understood it, as a guide for individual fractional-reserve banks. In his recent book on the history of the Federal Reserve, Robert Hetzel recounts how the […]
Hetzel Withholds Credit from Hawtrey for his Monetary Explanation of the Great Depression
14 Dec 2023 Leave a comment
in chess
13 Dec 2023 Leave a comment
in applied price theory, discrimination, econometerics, economic history, gender, human capital, labour economics, labour supply, minimum wage, occupational choice Tags: gender wage gap, sex discrimination
13 Dec 2023 Leave a comment
in chess
13 Dec 2023 Leave a comment
in energy economics, environmental economics, global warming Tags: solar power, wind power
When so-called ‘sustainable’ investment funds pull the plug on wind and solar, you know the party’s over. As 2023 closes out, ‘green’ energy investors are facing a brutal and harsh reality: wind and solar will never amount to meaningful power sources. Worse still, governments backing the grand wind and solar transition are having a hard […]
‘Green Energy’ Dream Collides With Harsh Reality: Wind & Solar Just Don’t Work
13 Dec 2023 Leave a comment
in development economics, economic history, growth miracles, industrial organisation Tags: creative destruction
13 Dec 2023 Leave a comment
in development economics, growth disasters, liberalism, libertarianism, Marxist economics Tags: Argentina
Unlike a lot of other people I didn’t get too excited about the election of Javier Milei to the presidency of Argentina, anarcho-capitalism and all. I’ve just been to disappointed by too many “Right-Wing” politicians over the decades, especially the ones who talked about cutting spending and more than that, shrinking the size of the State. […]
Afuera!
13 Dec 2023 Leave a comment
in energy economics, environmental economics, global warming Tags: climate alarmism
…the claimed dangers are based on climate model projections, not actual cause and effect connections demonstrated by data.
No, Media, ‘Catastrophic Climate Tipping Points’ are Nothing to Worry About
13 Dec 2023 Leave a comment
in economics of education, liberalism, Marxist economics, politics - USA Tags: Age of Enlightenment, free speech, political correctness, regressive left
Steve Pinker has published his remedy for Harvard’s woes in today’s Boston Globe; he outlined these to me last week over a beer, but I didn’t feel at liberty to divulge what he said he was writing about. Now I can. But the fricking Globe is completely paywalled, so I had to go to our…
Steve Pinker’s Fivefold Way: How Harvard can save itself
13 Dec 2023 Leave a comment
in business cycles, economic history, history of economic thought, inflation targeting, labour economics, macroeconomics, monetary economics, politics - New Zealand, unemployment Tags: monetary policy
I guess it will be an Act by the end of the day, but for now the short bill giving effect to a return to a single statutory objective for monetary policy is here. Yesterday’s parliamentary debate (first and second reading) is here, here, and here. The heart of the bill is this clause Note […]
Reserve Bank of New Zealand (Economic Objective) Amendment Bill
13 Dec 2023 Leave a comment
in applied price theory, discrimination, econometerics, economic history, economics of education, gender, human capital, labour economics, labour supply, occupational choice Tags: gender wage gap, sex discrimination
13 Dec 2023 Leave a comment
in discrimination, human capital, labour economics, labour supply, occupational choice, politics - USA, poverty and inequality Tags: racial discrimination
13 Dec 2023 Leave a comment
in transport economics, urban economics
The media treat Americans to a constant drumbeat of how much better European passenger trains are and why we need to spend hundreds of billions or trillions improving our train system. The latest is a report that overnight trains are proving they can replace air travel by “play[ing] an important … Continue reading →
European Passenger Train Travel Declining
13 Dec 2023 Leave a comment
in budget deficits, business cycles, development economics, economic growth, economic history, economics of bureaucracy, fiscal policy, growth disasters, growth miracles, history of economic thought, income redistribution, labour economics, macroeconomics, Public Choice, public economics, rentseeking, Ronald Coase Tags: Argentina
Argentina has a very interesting, but also rather tragic, economic history. During first half of the 20th century, it was one of the world’s richest nations. But thanks to dirigiste economic policies (known locally as Peronism) starting after World War II, Argentina has suffered a dramatic decline in relative living standards. However, something shocking has […]
An Upside-Down Economic History of Argentina
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
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
A History of the Alt-Right
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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
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
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