Argentina’s bonds have already rallied dramatically. One gauge of the nation’s hard-currency debt, the ICE BofA US Dollar Argentina Sovereign Index, has generated a total return of about 90% this year. Meanwhile, the S&P Merval Index has risen more than 160% this year through Monday, far outpacing stock benchmarks in developed, emerging and frontier markets […]
Argentina facts of the day
Argentina facts of the day
29 Dec 2024 Leave a comment
in budget deficits, comparative institutional analysis, development economics, economic growth, economics of bureaucracy, economics of regulation, F.A. Hayek, financial economics, fiscal policy, growth disasters, income redistribution, international economics, labour economics, law and economics, liberalism, libertarianism, macroeconomics, Milton Friedman, monetarism, monetary economics, property rights, Public Choice, rentseeking, unemployment Tags: Argentina
Manmohan Singh, RIP
28 Dec 2024 Leave a comment
in development economics, growth disasters, growth miracles, history of economic thought Tags: India
I am sad to hear about the passing of Manmohan Singh at age 92. Singh was perhaps the most influential Indian policymaker in the last five decades. An Oxbridge educated trade economist, he became India’s most important technocrat in the 1980s and 1990s – occupying every top position in economic policy – finance secretary; deputy […]
Manmohan Singh, RIP
The curse of socialism
27 Dec 2024 Leave a comment
in development economics, economic history, economics of bureaucracy, economics of crime, growth disasters, health economics, history of economic thought, law and economics, liberalism, Marxist economics, property rights, Public Choice Tags: economics of socialism, The Great Escape
The Great Enrichment
27 Dec 2024 Leave a comment
in development economics, economic history, growth miracles
Coal Use Hits Record High in 2024 Thanks to India and China
23 Dec 2024 Leave a comment
in development economics, economics of climate change, energy economics, environmental economics, environmentalism, global warming, growth miracles Tags: China
The only takeaways from the coal use data are that countries with sensible leaders are looking to the energy needs of their citizens and that climate is too complex an issue to attribute to a gas that is 0.04% of Earth’s atmosphere.
Coal Use Hits Record High in 2024 Thanks to India and China
New Study: Achieving A ‘Net Zero’ Emissions Policy Would Have A ‘Negligible’ 0.28°C Climate Effect
14 Dec 2024 1 Comment
in applied price theory, applied welfare economics, development economics, economics of climate change, energy economics, environmental economics, environmentalism, global warming, growth miracles, politics - Australia, politics - New Zealand, politics - USA
Cost-benefit analyses affirm it would be better to abandon Net Zero policy initiatives and instead “do nothing” about greenhouse gas emissions. New research finds CO2’s largest possible climate impact is “negligible.” The cumulative expected temperature change in doubling CO2 from 400 to 800 ppm is only 0.81°C at most, and this is “certainly not cause…
New Study: Achieving A ‘Net Zero’ Emissions Policy Would Have A ‘Negligible’ 0.28°C Climate Effect
The Nobel Prize lectures in economics
12 Dec 2024 Leave a comment
in applied price theory, comparative institutional analysis, constitutional political economy, development economics, economics of crime, economics of regulation, growth disasters, growth miracles, history of economic thought, law and economics, property rights, Public Choice
Mexican Cartels Lure Chemistry Students to Make Fentanyl
10 Dec 2024 Leave a comment
in development economics, economics of crime, growth disasters, human capital, industrial organisation, labour economics, labour supply, law and economics, occupational choice Tags: Mexico
Criminals turn college campuses into recruitment hubs, recruiting chemistry students in Mexico with big paydays.By Natalie Kitroeff and Paulina Villegas of The NY Times. Excerpts:”In their quest to build fentanyl empires, Mexican criminal groups are turning to an unusual talent pool: not hit men or corrupt police officers, but chemistry students studying at Mexican universities.People…
Mexican Cartels Lure Chemistry Students to Make Fentanyl
The Timeline of Crimes Committed by Bashar al-Assad
09 Dec 2024 Leave a comment
in defence economics, development economics, economic history, economics of crime, growth disasters, International law, law and economics, laws of war, war and peace Tags: Middle-East politics, Syria, war against terror
Bashar al-Assad has been the President of Syria since 2000, inheriting power from his father, Hafez al-Assad. His presidency has been marked by widespread human rights abuses, war crimes, and violations of international law, particularly during the Syrian Civil War that began in 2011. As the leader of the Syrian government, Assad’s policies and military […]
The Timeline of Crimes Committed by Bashar al-Assad
Africa
09 Dec 2024 Leave a comment
in development economics, economic history, growth disasters, growth miracles Tags: Africa
How is the Russian war economy doing?
08 Dec 2024 1 Comment
in applied price theory, defence economics, development economics, economic growth, economics of regulation, entrepreneurship, fiscal policy, growth disasters, income redistribution, industrial organisation, international economics, law and economics, macroeconomics, monetary economics, property rights, Public Choice, war and peace Tags: Russia, Ukraine
Here is a gloomy account from Vladimir Mirov: Ruble depreciation will contribute to inflation even further, as Russia is continued to be heavily reliant on imports – this is a kind of self-sustaining spiral. I also strongly disagree with those who say that cheaper ruble is “good” for exporters and the budget. Exporters have yet […]
How is the Russian war economy doing?
The South Korean autogolpe attempt
04 Dec 2024 Leave a comment
in development economics, economics of crime, growth miracles, law and economics Tags: South Korea
South Korean President Yoon Suk-yeol, elected in 2022, declared martial law. Given the conditions for which martial law is justified in the constitution (see below) were clearly not in place, this was a power usurpation–an autogolpe. Or an attempted one. It collapsed within about a matter of hours, with the National Assembly voting to annul […]
The South Korean autogolpe attempt
So Much for the one child policy
01 Dec 2024 Leave a comment
in development economics, economic history, economics of love and marriage, growth miracles, human capital, labour economics, labour supply, law and economics, population economics Tags: China
COP 29 diplomacy delivers perfectly vague promises a decade away
28 Nov 2024 1 Comment
in development economics, energy economics, environmental economics, global warming Tags: climate activists, climate alarmism
Guest essay by By David Wojick In Cop 29’s “Finance agreement” diplomacy is truly the art of agreeing to nothing. There is no agreement of substance here because there is no substance to this agreement. Each side gets its number someday and that is all there is to it. Let’s look at the actual text […]
COP 29 diplomacy delivers perfectly vague promises a decade away
COP29 Leaves Poor Countries Fuming
24 Nov 2024 Leave a comment
in development economics, energy economics, environmental economics, global warming, growth disasters, growth miracles Tags: climate activists, climate alarmism
By Paul Homewood So the whole charade trundles on for another year: https://www.bbc.co.uk/news/live/c8jykpdgr08t
COP29 Leaves Poor Countries Fuming
Utopia, you are standing in it! 
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