Entrevista con David Friedman
29 Mar 2019 Leave a comment
in applied price theory, comparative institutional analysis, David Friedman, economics of crime, economics of information, economics of regulation, environmental economics, history of economic thought, law and economics, monetary economics, property rights
J’Accuse #payequity made majority worse off!! @EricCrampton @JulieAnneGenter @IainLG @dpfdpf @TaxpayersUnion
28 Mar 2019 Leave a comment
in applied price theory, discrimination, gender, Marxist economics, minimum wage, politics - New Zealand
Destroying the economy in one fell swoop
27 Mar 2019 Leave a comment
When I got to page 7 in this morning’s Dominion-Post I wasn’t sure at first that my eyes weren’t deceiving me. I read it again, and even then wondered if what I was reading was a typo. But these people seemed to be deadly serious.

Their demand is there in bold: that the government take steps to reduce (net) greenhouse gas emissions to zero by 2025. Their demand doesn’t appear to be conditional on other countries doing anything. It is simply flagellation – but not self-flagellation (in which these individuals themselves commit to reducing all direct and indirect emissions associated with their own consumption and production to zero by 2025) but a brutal whipping delivered to everyone. Not even our government, evincing no concern for productivity or for lifting the performance of the underperforming New Zealand economy, would be that stupid or (electorally) suicidal. (In fact, that left…
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A guide to WokeSpeak: the notorious Amherst Common Language Guide
27 Mar 2019 Leave a comment
I’m going to write about the Perfidies of the University Woke today, so please do not fault me for neglecting the Mueller report, as I have nothing to say about it that you can’t read in the mainstream media.
On the other hand, American colleges and universities are slowly but surely become bastions of censorship and ideological policing, hemorrhaging their brain-dead Zombies of Wokeness into mainstream culture; and nobody reports on that save the rightwing media. (Believe me, I check on their reports). Places like the New York Times and the New York Review of Books don’t report on things like this case of language and brain policing, because, in truth, they want America to become like Amherst College.
What did Amherst College do? You can read about it on the right-wing college monitoring site The College Fix, but what they say is confirmed by Amherst itself. Amherst College
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Retreating Greenland glacier is growing again
26 Mar 2019 Leave a comment
Jakobshavn glacier, West Greenland [image credit: Wikipedia]
Without jumping to hasty conclusions, this is an interesting development not predicted by the IPCC’s supposed experts. Natural ocean/climate oscillations are implicated. Against assumptions, rising carbon dioxide levels cannot explain these latest observations.
A new NASA study finds a major Greenland glacier that was one of the fastest shrinking ice and snow masses on Earth is growing again, reports The GWPF.
The scientists were so shocked to find the change, Khazendar said: “At first we didn’t believe it.
“We had pretty much assumed that Jakobshavn would just keep going on as it had over the last 20 years.”
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Transgender rights – sorting out the myths (but not getting things quite right)
26 Mar 2019 Leave a comment
An article posted on the Stuff website is headed Transgender rights debate: Separating the facts from the fiction
The writer, one Cecile Meier, might usefully have consulted a recent Point of Order report before deciding she had put the misunderstandings to rights – at least on the political process.
Her article rightly says transgender people have to go through a long and costly process to change the sex on their birth certificate. This involves an application to the Family Court providing proof they’ve had medical treatment to transition.
The process for changing a New Zealand licence or passport is much simpler: people need only make a statutory declaration, which involves an authorised witness or justice of the peace.
At issue is whether birth certificates should be changed as easily a driving licence or passport.
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Did an experiment “deepen and prolong” the Great Recession?
26 Mar 2019 Leave a comment
(Long and fairly geeky)
That’s the claim emblazoned on the cover of US academic George Selgin’s 2018 book Floored. It is a big claim by a smart author, who has written many years (often quite sceptically, to say the least) about aspects of central banking. And, for once, I won’t bury my conclusion: I wasn’t convinced.
The “experiment” Selgin is writing about is the decision, implemented at the start of October 2008, to pay (effectively a full market) interest rate on excess reserves (over and above the regulatory minimum the Fed persists in requiring) held by banks in their accounts at the Federal Reserve. The Fed was late to the business of paying interest on these deposit balances (other countries, including New Zealand, had done so earlier). It required Congressional authorisation – itself a somewhat unusual feature – and even having obtained that approval the new regime…
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It’s Hard to Believe That Anyone Could Believe in Socialism Today!
26 Mar 2019 Leave a comment
There is so much history, so many horrible examples. How could anyone be so ill-informed? It probably starts with Republican tax cuts. The Democrats always sneer “tax cuts for the rich!” and the rich do get tax cuts, and so does everyone else. The cuts for the poorer people are indeed smaller because they pay less taxes in the first place.The top 20% of earners pay 94% of all taxes paid. Of course they get a bigger percentage cut than the rest of us.
Boggles the mind to see how many people complain about the government, and then want to turn over to the government, all those unelected bureaucrats, our businesses, our worldly goods, and our way of earning a living. We cannot make even the simplest decisions about our lives, but have to leave it up to the government? It’s far worse than no toilet paper and no food…
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Kiwi Wind Farms ‘Lazy as Bro’: New Zealand’s Wind Turbines Produce Nothing 80% Of The Time
26 Mar 2019 Leave a comment
Wellington’s whirling wonders: lazy as bro!
Never there when you need it, often there when you don’t, wind power is, at best, an infantile joke. Promised output figures are rarely realised.
What’s referred to as the “capacity factor” of any given wind farm is said to represent a proportional, and meaningful, contribution to electricity demand.
Except, instead of powering the putative hundreds of thousands of homes, the vast majority of the time, wind farms are powering absolutely nothing.
Instead, they’re consuming electricity from the grid to maintain their on-board systems, such as heating, cooling and braking – in order to prevent ‘component liberation’ – eg:
Not that you’ll read any of this in the mainstream press, nor are the wind industry’s spin doctors likely to eagerly reveal just how pathetic the actual (and completely chaotic) output from their beloved wind turbines, really is.
New Zealand, like plenty of others, has…
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Policies to Energize the United States Economy Lee Ohanian
26 Mar 2019 Leave a comment
in applied price theory, budget deficits, business cycles, economic growth, economic history, economics of regulation, fiscal policy, global financial crisis (GFC), great recession, health economics, industrial organisation, labour economics, law and economics, macroeconomics, occupational regulation, politics - USA, poverty and inequality, unemployment, welfare reform
How cheaply could a person live on WW2 food rationing?
25 Mar 2019 Leave a comment
A couple of my goals for 2018 are to save a substantial emergency money fund AND to lose a very achievable 60 lbs in weight. The two things that concern me right now are financial safety and health safety.
One area to save on expenses would of course be eating food that doesn’t cost so much but still is healthy. Following a ration book diet, although it sounds austere and boring, could be a perfectly doable way to save money and lose weight in the short term, its certainly worth giving it a go for a month or two…
So out of curiosity I’ve broken down first the guaranteed weekly/monthly ration for an adult into how much each item would cost per person and in addition I’ve also added in the cost of extra staples that a person may typically purchase during the week/month such as bread, oats, pulses etc.
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Is the hijab a feminist statement?
25 Mar 2019 Leave a comment
“Few people will approach a man and inquire about the way in which he is dressed. Yes, yes, men must “lower their gaze”, but a man won’t be denounced as a ‘bad Muslim’ nor will his dress code be used as an excuse to prevent him from attending the mosque or other Islamic functions. There aren’t dozens of books dedicated to telling men what they must and must not wear as there are for women and the dozens of guidelines they are given, exclusively by men.”
I don’t know about you all, but I’m getting rather bored of the I-love-my-hijab sentiments now. It means, unfortunately, you have to put up with my lengthy rants.
The Guardian (who else) recently posted a video in which Hanna Yusuf asks, in a tone usually reserved for naughty schoolchildren, “why a simple piece of clothing is seen as the very epitome of oppression.”
She goes on to say that “many women find empowerment in rejecting the idea that women can be reduced to their sexual allure – and we should not assume that every women who wears the hijab has been forced into it.”
I was not aware there was so much outrage against the hijab. In this country, where the (visible) Muslim population has grown, the headscarf is not really that controversial, as opposed to the full face veil – niqab – which is seen even by many Muslims…
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Battle of Economic Logic: Restaurant Workers 1 – Hollywood Celebrities 0
25 Mar 2019 Leave a comment
Time for a confession.
I don’t particularly enjoy writing columns about the minimum wage because it’s such a slam-dunk issue. Simply stated, it is cruel and illogical when politicians mandate wage levels that are higher than the productivity of low-skilled workers.
Yet, at the risk of being repetitive, I periodically share evidence showing that higher minimum wages lead to more unemployment
(see here, here, here, here, here, here, here, here, here, and here).
The issue also is disturbing because I’ve had several friends on the left privately admit that they understand that jobs are lost when the minimum wage goes up, but they think that’s okay because it’s a good political issue for their side.
How utterly immoral. And racist, at least in outcome if not intent.
Today, though, I’m actually excited to write about the topic because I…
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