“The news of BlackRock’s departure from NZAM should be music to the ears of every American consumer,” Will Hild, executive director of conservative nonprofit Consumers’ Research, told the Daily Caller News Foundation. “NZAM is an illegitimate cartel of asset managers pushing harmful and costly net zero policies across the entire economy. The activities of NZAM and its members raise prices on Americans everywhere from the gas pump to the grocery store.”
‘A Huge Win’: Woke ‘Cartel’ Of Financial Giants Dealt Death Blow 11 Days Before Trump Takes Office
‘A Huge Win’: Woke ‘Cartel’ Of Financial Giants Dealt Death Blow 11 Days Before Trump Takes Office
13 Jan 2025 Leave a comment
in applied price theory, economics of climate change, energy economics, entrepreneurship, environmental economics, environmentalism, financial economics, global warming, politics - USA, Public Choice, rentseeking Tags: efficient markets hypothesis
Some Links
12 Jan 2025 Leave a comment
in applied price theory, budget deficits, development economics, economic growth, economic history, economics of regulation, entrepreneurship, fiscal policy, global financial crisis (GFC), great recession, growth disasters, growth miracles, human capital, income redistribution, industrial organisation, international economics, job search and matching, labour economics, labour supply, macroeconomics, monetary economics, poverty and inequality, Public Choice, rentseeking, survivor principle, unemployment
TweetGMU Econ alum Holly Jean Soto busts the myth of “greedflation.” Scott Lincicome identifies an interesting contrast between the facts and opinion about China. George Will decries the spinelessness of the modern U.S. Congress. A slice: The incoming president will be able, on a whim, to unilaterally discombobulate international commerce — and the domestic economy…
Some Links
Evolving Returns to Personality
12 Jan 2025 Leave a comment
in applied price theory, econometerics, health economics, human capital, labour supply, occupational choice
Weanalyze trends in labor-market returns to psychological traits using data from half a million Finnish men from 2001 to 2015. Cognitive skills’ value declined, while noncognitive skills’ value increased. Our novel findings show that extraversion drives this rise, while conscientiousness remains stable. Extraversion’s rising returns are most pronounced for lower earners and those on the […]
Evolving Returns to Personality
Mr. Haltiwanger and the Austrians
11 Jan 2025 1 Comment
in applied price theory, Austrian economics, economic history, entrepreneurship, history of economic thought, Israel Kirzner
In November, I chided Austrian economists for neglecting the John Haltiwanger’s empirical work on creative destruction:Around 2000, I discovered that John Haltiwanger, a very mainstream economist, had a pile of empirical evidence vindicating the importance of Schumpeterian creative destruction. That pile is now a mountain. At the time, I tried to get Austrians to start…
Mr. Haltiwanger and the Austrians
Left-Wing Economists Were Wildly Wrong about Javier Milei and his Libertarian Agenda for Argentina
10 Jan 2025 Leave a comment
in applied price theory, Austrian economics, budget deficits, business cycles, comparative institutional analysis, constitutional political economy, development economics, economic growth, economics of regulation, financial economics, fiscal policy, growth disasters, growth miracles, history of economic thought, income redistribution, international economics, labour economics, law and economics, liberalism, libertarianism, macroeconomics, Marxist economics, monetarism, monetary economics, political change, politics - USA, property rights, Public Choice, public economics, rentseeking, unemployment Tags: Argentina
It’s easy to mock economists. Consider the supposedly prestigious left-leaning academics who asserted in 2021 that Biden’s agenda was not inflationary. At the risk of understatement, they wound up with egg on their faces.* Today, we’re going to look at another example of leftist economists making fools of themselves. It involves Argentina, where President Javier […]
Left-Wing Economists Were Wildly Wrong about Javier Milei and his Libertarian Agenda for Argentina
Claims about fires?
09 Jan 2025 Leave a comment
in applied price theory, economics of natural disasters, economics of regulation, environmental economics, environmentalism, law and economics, politics - USA, property rights, Public Choice, rentseeking
From Isaiah Taylor: In 2007 the Sierra Club successfully sued the Forest Service to prevent them from creating a Categorical Exclusion (CE) to NEPA for controlled burns (the technical term is “fuel reduction”). The CE would have allowed the forest service to conduct burns without having to perform a full EIS (the median time for […]
Claims about fires?
The errors and misstatements in “Climate Denialism”
09 Jan 2025 1 Comment
in applied price theory, economics of climate change, economics of regulation, energy economics, environmental economics, environmentalism, global warming, politics - USA Tags: climate alarmism
By Andy May The featured image is by Josh, used with permission. There are 20 clearly false statements and three additional problematic statements in Tinus Pulles’ “Climate Denialism.” Most of them stem from disagreements on how to interpret existing data. However, some are due to his lack of understanding of what we wrote or, intentional […]
The errors and misstatements in “Climate Denialism”
Quotation of the Day…
07 Jan 2025 Leave a comment
in applied price theory, entrepreneurship, human capital, income redistribution, labour economics, labour supply, occupational choice, poverty and inequality, Public Choice, Thomas Sowell
Tweet… is from page 496 of the 2011 revised and enlarged edition of Thomas Sowell’s 2009 book Intellectuals and Society (original emphasis): Another common tactic and flaw in the arguments of the intelligentsia is eternalizing the transient. Thus statistical trends in the share of the nation’s income going to “the rich” (however defined) and “the…
Quotation of the Day…
Some Links
06 Jan 2025 Leave a comment
in applied price theory, economics of bureaucracy, economics of regulation, entrepreneurship, income redistribution, industrial organisation, politics - USA, Public Choice, rentseeking, survivor principle
TweetScott Lincicome decries Biden’s abuse of national security to block Nippon Steel’s acquisition of U.S. Steel. Two slices: Today, President Joe Biden blocked Nippon Steel’s proposed acquisition of US Steel on the grounds that “there is credible evidence” the Japanese steelmaker “might take action that threatens to impair the national security of the United States.” What…
Some Links
Another big tobacco black market bust
05 Jan 2025 Leave a comment
in applied price theory, economics of regulation, health economics, politics - New Zealand Tags: black markets, economics of smoking
NewstalkZB reports: Police have restrained more than $2.5 million in assets, including four properties in Gisborne, after a discovery of undeclared tobacco was intercepted at the border. It comes after Customs intercepted 110kg of loose tobacco and more than 230,000 cigarettes – approximately 10,000 packets – concealed in Chinese tea packets in November last year, bound for residential and […]
Another big tobacco black market bust
Some Links
03 Jan 2025 1 Comment
in applied price theory, comparative institutional analysis, constitutional political economy, defence economics, economic history, economics of crime, economics of regulation, industrial organisation, international economics, International law, law and economics, politics - USA, war and peace
TweetArnold Kling ponders producers versus parasites. A slice: What I notice is that the elites on the Republican side tend to earn a living as producers. They make things that other people want or need. In contrast, elites on the Democratic side include many people one may think of as parasites. They depend on producers…
Some Links
Some Links
02 Jan 2025 Leave a comment
in applied price theory, economics of regulation, history of economic thought, industrial organisation, politics - USA
TweetMike Munger explains that “the only way to gain jobs is to lose jobs.” Two slices: Politicians want to create jobs, “good-paying union jobs,” in existing industries. But that’s not what markets do. The “destructive” part of creative destruction eliminates jobs in existing industries. In a dynamic economy, innovations indivision of labor can create good-paying…
Some Links
Nordhaus on the Perils of Long-Term Forecasting
01 Jan 2025 Leave a comment
in applied price theory, econometerics, economic history Tags: The Great Enrichment
When people try to think about the long-term future, by which I mean here looking a half-century or a century ahead, they often suffer a lack of imagination. As a common example, they take today’s problems and just multiply them by a factor of ten. Or they assume that improved central planning, in one form…
Nordhaus on the Perils of Long-Term Forecasting
On the Great F.A. Hayek
30 Dec 2024 Leave a comment
in applied price theory, applied welfare economics, economic history, F.A. Hayek, history of economic thought
TweetJonathan Fortier and his colleagues at Libertarianism.org produced this truly splendid 21-minute-long video to commemorate the 50th anniversary of Hayek’s receipt of the Nobel Prize in economics. The post On the Great F.A. Hayek appeared first on Cafe Hayek.
On the Great F.A. Hayek
Top MR Posts of 2024!
30 Dec 2024 Leave a comment
in applied price theory, discrimination, gender, health and safety, human capital, international economics, labour economics, labour supply, occupational choice, politics - USA, poverty and inequality Tags: economics of immigration, gender wage gap, Internet, political correctness, regressive left
The number one post this year was Tyler’s The changes in vibes — why did they happen? A prescient post and worth a re-read. Lots of quotable content that has become conventional wisdom after the election: The ongoing feminization of society has driven more and more men, including black and Latino men, into the Republican […]
Top MR Posts of 2024!
Utopia, you are standing in it! 
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