Celebrating humanity's flourishing through the spread of capitalism and the rule of law
12 Dec 2023 Leave a comment
in applied price theory, budget deficits, comparative institutional analysis, development economics, economic growth, economic history, economics of regulation, fiscal policy, growth disasters, income redistribution, international economics, labour economics, liberalism, libertarianism, macroeconomics, Marxist economics, Milton Friedman, monetary economics, Murray Rothbard, Public Choice Tags: Argentina
My trip to Argentina last year motivated me to write Part I of this series, which focused on whether things might get better in that tragic country for the simple reason that they couldn’t possibly get any worse. In Part II of this series, I analyzed whether a libertarian candidate’s surprisingly strong performance in Argentina’s […]
Can Argentina Be Rescued, Part III
12 Dec 2023 Leave a comment
in comparative institutional analysis, economic history, liberalism, Marxist economics, politics - New Zealand Tags: Age of Enlightenment, constitutional law, free speech, political correctness, regressive left
LAST WEEK The Waitangi Tribunal released Tino Rangatiratanga me te Kāwanatanga: The Report on Stage 2 of the Te Paparahi o Te Raki Inquiry (Wai 1040). For the sake of brevity, I shall refer to this spawling document as the Northland Report. Sadly, the Report seems destined to make the already fraught relationship between Māori…
CHRIS TROTTER: Contested ground
12 Dec 2023 Leave a comment
in budget deficits, business cycles, development economics, economic growth, economic history, fiscal policy, growth disasters, history of economic thought, inflation targeting, macroeconomics, monetarism, monetary economics, unemployment Tags: monetary policy
Inflation rates have come down since their peak in mid-2022. Does the Federal Reserve need to continue its inflation-fighting ways, keeping interest rates high? Anil Ari, Carlos Mulas-Granados, Victor Mylonas, Lev Ratnovski, and WeiZhao of the IMF look to historical and international experience in “One Hundred Inflation Shocks: Seven Stylized Facts” (September 2023, WP/23/190). As…
Lessons from Fighting 100 Inflations Since the 1970s
12 Dec 2023 Leave a comment
in economic history, International law, law and economics, laws of war, liberalism, Marxist economics, politics - USA, war and peace Tags: Gaza Strip, Israel, Middle-East politics, useful idiots, war against terror, West Bank
The campus climate of hate and divisiveness is not limited to MIT, Harvard, Princeton, or Columbia; it’s now metastasized to the University of Chicago. It’s largely promoted by the Students for Justice in Palestine (SJP) and UChicago United for Palestine (UCUP), who are constantly demonstrating on campus and have had its members arrested for trespassing […]
The University of Chicago’s Students for Justice in Palestine justify the terrorism and barbarity of Hamas on October 7, tout other forms of antisemitism
11 Dec 2023 Leave a comment
in defence economics, economic history, International law, war and peace Tags: Israel, Middle-East politics, World War I
10 Dec 2023 Leave a comment
in discrimination, economic history, gender, history of economic thought, human capital, labour economics, labour supply, occupational choice Tags: gender wage gap, sex discrimination
10 Dec 2023 Leave a comment
in defence economics, economic history, laws of war, war and peace Tags: Gaza Strip, Israel, Middle-East politics, war against terror, West Bank
The failure of Western “Liberals and Leftists” to hold the Arabs to the same moral and ethical standards as Israel is a “example of old colonialist and racist habits. They don’t see in the Arabs moral equals.” – Michael Walzer (1982) I think that most of the arguing and fighting over land and religion should […]
Whose Land Is It? Almost a Biblical Story
10 Dec 2023 Leave a comment
in economic history, energy economics, environmental economics, global warming Tags: climate alarmism
e Raymond J. de Souza asksa good question at National Post: Is Big Climate over? That would be good for the environment. Excerpts in italics with my bolds and added images. Backing away from absurd, grandiose policies would shift attention toward more practical measures Is the era of Big Climate over? It may be that […]
Big Climate, Internally Conflicted, Descending into Farce
08 Dec 2023 Leave a comment
in development economics, economic history, energy economics, environmental economics, global warming, growth disasters, growth miracles
By Paul Homewood Electricity generation in China and India, and oil and gas production in the US, have produced the biggest increases in global greenhouse gas emissions since 2015, when the Paris climate agreement was signed, new data has shown. Emissions of methane, a greenhouse gas 80 times more powerful than carbon dioxide, […]
Many Countries Don’t Accurately Report Emissions
06 Dec 2023 1 Comment
in discrimination, economic history, economics of education, liberalism, Marxist economics, politics - New Zealand Tags: Age of Enlightenment, constitutional law, free speech, political correctness, regressive left
Many of the comments about the Coalition’s determination to wind back the dramatic Maorification of New Zealand of the last three years would have you believe the new government is engaged in a full-scale attack on Maori. In reality, all that is really happening is that ministers are stopping the crusade waged by the Ardern/Hipkins…
MICHAEL BASSETT: MODERN MAORI MYTHS
05 Dec 2023 Leave a comment
in applied price theory, development economics, economic history, growth disasters, growth miracles, history of economic thought, income redistribution, international economics, liberalism, Marxist economics, Public Choice, rentseeking Tags: Age of Enlightenment, The Great Enrichment, The Great Escape
If you want to drink deeply of unabashedly pro-globalization essays, the Cato Institute has a “Defending Globalization” project underway. The well-written essays are mostly short or mid-length, and clearly aimed at the general public–including undergraduate students. I can’t hope to summarize the essays here, and indeed, more essays are on their way (and you can…
A Pro-Globalization Banquet
03 Dec 2023 Leave a comment
in economic history Tags: France
After a decade of constant warfare, France and Britain signed the Treaty of Amiens in March 1802, bringing the Revolutionary Wars to an end. With Europe at peace and the economy recovering, Bonaparte’s popularity soared to its highest levels under the consulate, both domestically and abroad. In a new plebiscite during the spring of 1802, […]
December 2, 1804: Coronation of Napoleon Bonaparte as Emperor of the French
01 Dec 2023 Leave a comment
in comparative institutional analysis, constitutional political economy, discrimination, economic history, economics of crime, gender, history of economic thought, law and economics, liberalism, Marxist economics, politics - New Zealand, politics - USA, property rights, Public Choice Tags: Age of Enlightenment, free speech, political correctness, regressive left
01 Dec 2023 Leave a comment
in econometerics, economic growth, economic history, labour economics, labour supply, macroeconomics, occupational choice
The per capita GDP for the combined 27 countries of the European Union (EU-27) is about 72% of the US level. On the other side, the average worker in EU countries puts in far fewer hours on the job than do American workers. For example, OECD data says that the average US worker put in…
Comparing EU-to-US Output Per Hour
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
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