Why Are Some Companies Efficient While Others Are Not?
09 Feb 2019 Leave a comment
in applied price theory, entrepreneurship, industrial organisation, managerial economics, organisational economics, personnel economics, survivor principle Tags: market selection
Studies find exam results turn to pot when students turn to cannabis
09 Feb 2019 Leave a comment
Middle class dope smoking on Saturday night parents want marijuana to be illegal so that when they argue with their kids about declining grades, they can say stop smoking dope because it is illegal.
Green Party MP Chloe Swarbrick chided the National Party on its drugs policy earlier this year but said she hoped its involvement in public debate was positive.
Her comments followed National announcing deputy leader Paula Bennett’s appointment as the party’s first drug reform spokesperson and Bennett’s thoroughly reasonable insistence that she wanted to know more about the implications of legalising marijuana –
“I want to know, ‘What does it mean for the illicit drug trade? What does it mean for drug driving? How do we meet our goals of being smoke free if we’re saying it’s okay to have a joint?’ “
Swarbrick, the Green’s spokesperson on drug reform, said National was portraying themselves as “rational sceptics” but drew a distinction between “constructive criticism and obfuscation which stifles change”.
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The Democratic Socialists of America want to eliminate Israel
09 Feb 2019 Leave a comment
I became acquainted with the Democratic Socialists of America (DSA) when two candidates who were DSA members, Rashida Tlaib and Alexandria Ocasio-Cortez, were elected to Congress as Democratic Representatives. In general, I endorse many of the group’s aims, though not its call for untrammeled socialism. (I tend to favor a capitalistic system with socialistic modifications, similar to what obtains in Scandinavia. And yes, I do favor universal single-payer healthcare.)
But what I didn’t realize was how anti-Israel the DSA was, and, in particular, how antisemitic it is in endorsing the Boycott, Divestment, Sanctions movement. I say “antisemitic” because the BDS, in both its founding and in present policy, is not only critical of Israel, but is also “anti-Zionist” in wanting Israel to disappear as a country. And that I consider antisemitic. (For other people’s claims that anti-Zionism equals anti-Semitism, see here, here, and here).
There’s no doubt…
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Review of “The Bridge: The Life and Rise of Barack Obama” by David Remnick
08 Feb 2019 Leave a comment
Multiple Reasons to Dismiss Kid’s Lawsuit
08 Feb 2019 Leave a comment
A monkey wrench in the Works.
Previous posts have followed the twists and turns of the lawsuit Juliana vs. US, initiated and funded by Our Children’s Trust. In November the Supreme Court signaled their desire that lower courts rein in the scope of the lawsuit. The District Court backed off and now the Ninth Circuit Court will take up the appeal in advance of any trial activity.
The latest development is the US government (the Appellant) making its initial filing Feb. 1, 2019, now available for public scrutiny.
The document is Appellants’ Opening Brief Excerpt in italics with my bolds.
SUMMARY OF ARGUMENT
The district court first erred when it denied the government’s motion to dismiss this action. It erred again when it denied the government’s motions for judgment on the pleadings and for summary judgment. This Court should reverse for any of the following independent reasons:
1. Plaintiffs cannot…
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Raising bank capital requirements
08 Feb 2019 Leave a comment
I’ve been a little slow to get round to much comment on the Reserve Bank Governor’s proposals to require banks to fund a much larger share of their balance sheets with equity capital. These aren’t small changes: from a starting point where they more or less accept that New Zealand bank capital ratios are already higher than those in most advanced countries, they want to compel banks incorporated here to adopt capital ratios that would be higher than (almost?) anywhere else in the world (includding, notably, higher than in Australia).
I had a couple of initial posts (here and here) immediately after the consultative document was released, and one a couple of weeks ago on the way in which the Bank has continued to discount the results of demanding stress tests it has required banks to undertake. Since I wrote that post the Reserve Bank has…
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Yoo Hoo Speaker Pelosi! You Have a Big Problem Here!
08 Feb 2019 Leave a comment
Where there is dependence on wind or solar, they must have 24/7 backup from conventional power sources.

Things are looking up. Most of the Democrats who were planning to run for the presidency have just disqualified themselves. Alexandria Ocasio-Cortez (D-NY), and Sen. Ed Markey (D-NY) have introduced her “Green New Deal” in a bill which has been quickly joined by the long list of Democrats who want to run for the presidency. Big Mistake. This tells us that you don’t do your homework, and will sell out your country for a pittance.
Here are some of the goals as listed by David Harsanyi at The Federalist:
- Ban affordable energy. GND calls for the elimination of all fossil fuel energy production, the lifeblood of American industry and life, which includes not only all oil but also natural gas — one of the cheapest sources of American energy, and one of the reasons the United States has been able to lead the world in carbon-emissions reduction.
- Eliminate nuclear energy. The GND…
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Mean streets: Self-driving cars will “cruise” to avoid paying to park
07 Feb 2019 Leave a comment
Busy day in Santa
Cruz, CA.
As if city traffic and parking isn’t a big enough headache already for anyone who attempts it, along comes another issue. The proposed cure isn’t much fun either.
Autonomous vehicles “have every incentive to create havoc,” a transportation planner says. UC Santa Cruz Magazine reporting.
With no need to park, self-driving cars will clog city streets and slow traffic to a crawl.
However, a policy fix could address these problems before autonomous vehicles become commonplace, says Adam Millard-Ball.
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BLACK THURSDAY 168 Years Ago : Bushfires Burn 5 Million Hectares or A Quarter Of Victoria
07 Feb 2019 Leave a comment
Black Thursday, February 6th. 1851, as depicted by William Strutt in 1864
“People have been imagining that the climate is changing,
exaggerating every weather event, getting widespread press coverage,
and blaming it on man – for as long as there have been newspapers.”
– Tony Heller
Climate Change Insanity Never Changes
“The only way to get our society to truly change is to
frighten people with the possibility of a catastrophe.”
– emeritus professor Daniel Botkin
***
THE Black Thursday bushfires were a devastating series of fires that swept through Victoria on February 6, 1851. They are considered the largest Australian bushfires in a populous region in recorded history, with approximately 5 million hectares, or a quarter of Victoria, being burnt. Twelve lives were lost, along with one million sheep and thousands of cattle.
THE year preceding the fires was exceptionally hot and dry and this trend continued into the summer…
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My next readings from left to right
07 Feb 2019 Leave a comment
in applied price theory, comparative institutional analysis, defence economics, development economics, economic history, human capital, labour economics, labour supply, laws of war, occupational choice, poverty and inequality, Thomas Sowell, war and peace

Free to Choose Part 5: Created Equal Featuring Milton Friedman
07 Feb 2019 Leave a comment
in applied price theory, comparative institutional analysis, development economics, economic growth, economic history, economics of regulation, growth disasters, growth miracles, income redistribution, labour economics, law and economics, Marxist economics, Milton Friedman, poverty and inequality, Public Choice, rentseeking Tags: The Great Enrichment
San Francisco $15 minimum wage: Fully Robotic Coffeeshop next to the Jobless Homeless
06 Feb 2019 Leave a comment
in applied price theory, labour economics, minimum wage, politics - USA Tags: offsetting behaviour, The fatal conceit, unintended consequences

Eco-Terrorists Sing and Chant While Sabotaging Oil Pipeline
06 Feb 2019 Leave a comment
Four environmentalist terrorists with Catholic Worker filmed themselves sabotaging an Endbridge oil pipeline in Itasca County, Minnesota yesterday. They delivered statements justifying their actions citing fossil fuel use contributes to environmental degredation and then sing and chant while conducting their heinous act. You can watch below:
The Daily Caller states the four terrorists allegedly used bolt cutters to gain access to the pipeline facility they targeted. All four terrorists have been arrested and are in Itasca County Jail awaiting arraignment for their crimes. Thankfully, Endridge reported no damage to the pipeline resulting from the four terrorist’s actions.
Environmentalists are not concerned about climate change or even the natural environment because what they ultimately want is political control over others and our way of life. They oppose construction of pipelines because it is one more method that they cannot take control of. Not only does opposing pipelines give environmentalists more political…
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