TweetHere’s a letter to the Wall Street Journal: Editor: You’re correct that “Trump has no China trade strategy” (June 12). Nearly all trade talk coming from this administration is economically incoherent bluster from which we Americans can expect only diminished prosperity. You err, however, in describing China as having a “stranglehold on rare-earth minerals.” China…
The Profit Motive Will Ensure Adequate Supplies of Rare Earths
The Profit Motive Will Ensure Adequate Supplies of Rare Earths
21 Jun 2025 1 Comment
in applied price theory, international economics, politics - USA, resource economics Tags: China
U. S. Supreme Court affirms Tennessee’s ban on medical “gender-affirming care”
20 Jun 2025 Leave a comment
in gender, health economics, politics - USA
In 2023, Tennessee passed a bill to restrict access of minors to “affirmative care”, though only minors who wanted blockers or hormones to assume the identity of his/her non-natal sex or to relieve gender dysphoria. Tennessee is now one of 15 states that has passed laws restricting affirmative care. Note, though, that hormones and blockers […]
U. S. Supreme Court affirms Tennessee’s ban on medical “gender-affirming care”
G-7: Africans Deserve Real Electricity
20 Jun 2025 1 Comment
in development economics, economics of climate change, energy economics, environmental economics, environmentalism, global warming Tags: solar power, wind power
Those that aspire to net-zero are condemning Africa to extreme poverty. Those that promote African access to fossil fuels, want Africans to have the chance to rise up.
G-7: Africans Deserve Real Electricity
Why “cheaper” wind and solar raise costs. Part III: The problem with power markets
20 Jun 2025 Leave a comment
in applied price theory, economics of climate change, energy economics, environmental economics, environmentalism, global warming, industrial organisation Tags: solar power, wind power
by Planning Engineer (Russ Schussler) Part 3 of this series examines power markets, promoted by policymakers (FERC) and industry advocates to lower costs through competitive bidding and merit-order dispatch. While markets can optimize resource allocation in many sectors, they struggle to deliver affordability and reliability in electricity systems dominated by intermittent renewables. This post first […]
Why “cheaper” wind and solar raise costs. Part III: The problem with power markets
A new ferry that didn’t cost us a cent
20 Jun 2025 Leave a comment
in economics of bureaucracy, politics - New Zealand, Public Choice, transport economics
Stuff reports: There has been a lot written about Cook Strait ferries lately but far off in the distance, a new ship that will sail between the North and South Islands is slowly making its way here. Called Livia, the ship has had a fresh coat of paint to transform it from the Stena Line colours into […]
A new ferry that didn’t cost us a cent
Predatory Pricing Is A Foolish Strategy
20 Jun 2025 1 Comment
in applied price theory, economic history, history of economic thought, industrial organisation Tags: competition law
TweetI’m proud to have paired up with the Cato Institute’s Marian Tupy to pen this new piece at National Review on so-called ‘predatory pricing.’ A slice: Competition drives innovation, improves quality, and most importantly, lowers prices for consumers. Yet when foreign companies — particularly Chinese firms — successfully compete on price, accusations of “predatory pricing”…
Predatory Pricing Is A Foolish Strategy
A clear line
19 Jun 2025 Leave a comment
in constitutional political economy, law and economics, politics - New Zealand, property rights, Public Choice Tags: constitutional law
The Herald reports: Ngāti Hine leader Pita Tipene is ruling out a settlement under this Government after remarks made by Treaty Negotiations Minister Paul Goldsmith. Goldsmith said on Tuesday the Government would not agree to Treaty settlements that disputed whether the Crown is now sovereign. Under the previous Labour Government, an initial deed of settlement […]
A clear line
Omissions in BBC report about strike on Iran state TV building
19 Jun 2025 Leave a comment
in defence economics, industrial organisation, war and peace Tags: Iran, Israel, media bias, Middle-East politics, war against terror
In the early hours of June 17th the BBC News website published a report by David Gritten headlined “Israel bombs Iran state TV during live broadcast” which opens as follows: [emphasis added] “Israeli aircraft have struck the headquarters of Iran’s state broadcaster in Tehran, after the Israeli military told residents of the area of the […]
Omissions in BBC report about strike on Iran state TV building
Universal & Aggressive Chess Opening for White | Powerful Gambit
19 Jun 2025 Leave a comment
in chess
Markets are forward-looking
18 Jun 2025 1 Comment
in applied price theory, defence economics, econometerics, economic growth, economic history, financial economics, macroeconomics, market efficiency, politics - USA, war and peace Tags: efficient markets hypothesis, World War II
LPL Financial analyzed 25 major geopolitical episodes, dating back to Japan’s 1941 attack on Pearl Harbor. “Total drawdowns around these events have been fairly limited,” Jeff Buchbinder, LPL’s chief equity strategist, wrote in a research note on Monday. (Full recoveries often “take only a few weeks to a couple of months,” he added.) Deutsche Bank analysts […]
Markets are forward-looking
Sovereignty line in sand
18 Jun 2025 Leave a comment
in constitutional political economy, economic history, law and economics, politics - New Zealand, property rights, Public Choice Tags: constitutional law
The government has drawn a line in the sand on sovereignty: Treaty Negotiations Minister Paul Goldsmith says the Government will not agree to Treaty settlements that dispute whether the Crown is now sovereign. Goldsmith made the comments to the Māori Affairs select committee this morning amid ongoing negotiations with East Coast iwi Te Whānau-ā-Apanui and […]
Sovereignty line in sand
Bish vs the numpties
18 Jun 2025 Leave a comment
in economics of regulation, environmental economics, law and economics, politics - New Zealand, property rights, urban economics Tags: heritage protection
Chris Bishop announced: The derelict and unsafe Gordon Wilson Flats in Wellington will lose its protected heritage status and become eligible for demolition through an amendment to the Resource Management Act (RMA) in the coming weeks, RMA Reform and Housing Minister Chris Bishop says. “The Gordon Wilson Flats were used as social housing until 2012, […]
Bish vs the numpties
Chess Openings: Learn to Play the Pirc Defense – Crushing the 150 Attack!
17 Jun 2025 Leave a comment
in chess
What Explains Growing Gender and Racial Education Gaps?
16 Jun 2025 Leave a comment
in applied price theory, discrimination, econometerics, economic history, economics of love and marriage, gender, human capital, labour economics, labour supply, law and economics, occupational choice, poverty and inequality Tags: gender wage gap, racial discrimination, sex discrimination
In the 1960 cohort, American men and women graduated from college at similar rates, and this was true for Whites, Blacks and Hispanics. But in more recent cohorts, women graduate at much higher rates than men. Gaps between race/ethnic groups have also widened. To understand these patterns, we develop a model of individual and family […]
What Explains Growing Gender and Racial Education Gaps?
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