The Trump administration filed lawsuits Wednesday against Michigan and Hawaii in an attempt to block the states from seeking damages in court against fossil fuel companies for alleged environmental harm.
Trump Admin Sues to Block Blue States From Taking Fossil Fuel Companies To Court Over Climate Change
Trump Admin Sues to Block Blue States From Taking Fossil Fuel Companies To Court Over Climate Change
02 May 2025 Leave a comment
in economics of bureaucracy, economics of regulation, energy economics, environmental economics, global warming, income redistribution, law and economics, politics - USA, property rights, Public Choice, rentseeking Tags: climate activists, nuisance suits
RIP Bob Jones
02 May 2025 Leave a comment
Bob (Sir Robert) Jones has died aged 85. Bob was one of my favourite authors growing up, and I was fortunate enough to get to know him quite well in recent times. His larrikin sense of humour will be sadly missed – we need more in his mould. In 1973 he published a book called […]
RIP Bob Jones
Andrew Little looks well-placed in mayoralty race – but don’t consider his election a foregone conclusion
02 May 2025 Leave a comment
Peter Dunne writes – There is an old saying doing the rounds in Rome at present as Cardinals gather to elect a successor to Pope Francis that “he who enters the conclave a Pope, leaves a Cardinal”. While the warning has not always been borne out in recent Papal elections, it does have application more […]
Andrew Little looks well-placed in mayoralty race – but don’t consider his election a foregone conclusion
The First 100 Days: The Method Behind the Madness in Court Challenges
02 May 2025 Leave a comment
in economics of crime, labour economics, labour supply, law and economics, politics - USA Tags: 2024 presidential election, constitutional law, economics of immigration
Below is my column in the New York Post on the first 100 days of the Trump Administration in court. It is too early to handicap many of these lower courts decisions. I have been critical of some of these orders as either premature or unconstitutional. There is a reason for the hyperkinetic pace of […]
The First 100 Days: The Method Behind the Madness in Court Challenges
Twisted Illogic
02 May 2025 Leave a comment
in applied price theory, history of economic thought, industrial organisation, international economics, politics - USA, Public Choice, rentseeking Tags: 2024 presidential election, free trade, tarrifs
TweetHere’s a letter to The Hill. Editor: Pres. Trump said that “China probably will eat those tariffs” (“Trump says China ‘probably will eat those tariffs’,” April 29). So the president believes that the tariffs will be ‘eaten’ by China – meaning, he believes the tariffs won’t result in higher prices in America of Chinese goods.…
Twisted Illogic
Spain and Portugal Achieve Net Zero Accidently
01 May 2025 Leave a comment
in economics of climate change, energy economics, environmental economics, environmentalism, global warming Tags: solar power, Spain, wind power
Analysis of the blackout in Spain and Portugal comes in EurAsia Daily article Solar generation fell, and then the Spanish power grid collapsed: details of the blackout. Excerpts in italics with my bolds and added images. New details are emerging why a large-scale blackout occurred in Spain, which lasted more than 10 hours and hit […]
Spain and Portugal Achieve Net Zero Accidently
More Arthur Meighen Than Brian Mulroney? Pierre Poilievre Might Soon Confront The Reform Act
01 May 2025 Leave a comment
in constitutional political economy, politics, Public Choice Tags: Canada
Election of 2025 On 28 April 2025, we returned yet another minority parliament in the 45th federal general election. Elections Canada’s preliminary results show that this general election brought out the highest voterturnout since 1993, at 68.7% compared to 69.6% thirty-two years ago. The fervent proponents of proportional representation should take heart that the Bloc […]
More Arthur Meighen Than Brian Mulroney? Pierre Poilievre Might Soon Confront The Reform Act
Former British PM Tony Blair Slams Net Zero as “Irrational”
01 May 2025 1 Comment
in economics of climate change, energy economics, environmental economics, environmentalism, global warming Tags: British politics
Hangon, didn’t Blair help make Net Zero happen?
Former British PM Tony Blair Slams Net Zero as “Irrational”
Housing affordability
01 May 2025 Leave a comment
in applied price theory, economics of regulation, income redistribution, law and economics, politics - New Zealand, property rights, Public Choice, rentseeking, urban economics Tags: housing affordability, land supply, zoning
Capitalism, Socialism, and Social Desirability Bias
01 May 2025 Leave a comment
in applied price theory, comparative institutional analysis, development economics, economic history, entrepreneurship, history of economic thought, industrial organisation Tags: capitalism and freedom
An excerpt from the Introduction of *Unbeatable*
Capitalism, Socialism, and Social Desirability Bias
Bad advice on public sector discount rates
30 Apr 2025 Leave a comment
in applied price theory, applied welfare economics, economics of bureaucracy, politics - New Zealand, Public Choice Tags: discount rates
A couple of months ago now I wrote a post about the new set of discount rates government agencies are supposed to use in undertaking cost-benefit analysis, whether for new spending projects or for regulatory initiatives. The new, radically altered, framework had come into effect from 1 October last year, but with no publicity (except […]
Bad advice on public sector discount rates
Liberals a minority Government again
30 Apr 2025 Leave a comment
As expected the Liberal Party won the Canadian election, but they have fallen short of a majority. Here’s how each party has gone. Liberals Conservatives In a shock though leader Pierre Poilievre lost his seat NDP Leader Jagmeet Singh lost his seat. The NDP has also lost party status in the Parliament. Bloc Quebécois Greens […]
Liberals a minority Government again
In Praise of the Danish Mortgage System
30 Apr 2025 Leave a comment
in applied price theory, entrepreneurship, financial economics
When interest rates go up, the price of bonds goes down. As Tyler and I discuss in Modern Principles, the inverse relationship between interest rates and prices holds for any asset that pays out over time. In particular, as Patrick McKenzie points out, when interest rates go up, the value of a loan goes down. […]
In Praise of the Danish Mortgage System
The Silver (-Haired) Economy
30 Apr 2025 Leave a comment
in labour economics, labour supply, population economics
In its most recent World Economic Outlook report, the IMF includes a chapter on “The Rise of the Silver Economy: Global Implications of Population Aging” (April 2025). Here are the big trends in a nutshell. The red line (measured on the right-hand axis) shows that the average age of the global poulation was about 27…
The Silver (-Haired) Economy
Utopia, you are standing in it! 
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