Celebrating humanity's flourishing through the spread of capitalism and the rule of law
06 Jan 2026 Leave a comment
in applied price theory, development economics, economics of bureaucracy, economics of regulation, entrepreneurship, growth disasters, growth miracles, industrial organisation, labour economics, law and economics, politics - USA, property rights, Public Choice
Our colleague Thomas Stratmann writes about the political economy of Indian reservations in his excellent Substack Rules and Results. Across 123 tribal nations in the lower 48 states, median household income for Native American residents ranges from roughly $20,000 to over $130,000—a sixfold difference. Some reservations have household incomes comparable to middle-class America. Others face persistent…
Why Some US Indian Reservations Prosper While Others Struggle
04 Jan 2026 Leave a comment
in economic history, economics of climate change, economics of regulation, energy economics, environmental economics, environmentalism, global warming Tags: European Union
Simple arithmetic already raises red flags. EU emissions fell by 37% over the 33 years from 1990 to today. Achieving an additional 68% reduction in just 17 years would require nearly tripling the pace of decarbonization.
Think tank IREF: ‘Against All Rationality, the EU Persists in its Net-Zero Delusion’
01 Jan 2026 Leave a comment
in applied price theory, comparative institutional analysis, defence economics, economics of regulation, international economics, labour economics, labour supply, movies, television, TV shows, unions
This is not a “Star Wars vs Star Trek” post. I’m non-partisan. I enjoy both Star Wars and Star Trek about equally. And it turns out that I am not alone. Last December, John Hawkins (University of Canberra) wrote in The Conversation about what Star Wars can teach us about economics. This year, Hawkins (with Tesfaye…
What Star Wars AND Star Trek can teach us about economics
01 Jan 2026 Leave a comment
in politics - USA, law and economics, environmentalism, Public Choice, environmental economics, economics of regulation, property rights, global warming, economics of climate change, energy economics, economics of bureaucracy Tags: nuisance suits
Anti-oil and gas advocates across the country have pursued litigation in recent years attempting to force the fossil fuel industry to pay for decades of financial damages the advocates claim were caused by climate change.
Climate activists v. the U.S. energy industry: Cases to watch in 2026
27 Dec 2025 Leave a comment
in applied price theory, Austrian economics, budget deficits, comparative institutional analysis, constitutional political economy, development economics, economic growth, economics of bureaucracy, economics of regulation, fiscal policy, growth disasters, history of economic thought, income redistribution, industrial organisation, labour economics, liberalism, libertarianism, macroeconomics, Public Choice, rentseeking, unemployment Tags: Argentina
As explained in my four-part series (here, here, here, and here) and in this clip from a recent interview, Javier Milei’s first two years have been amazingly successful. There are two points in the interview that deserve emphasis. First, Javier Milei’s libertarian policies already have been extremely beneficial for the Argentine economy. Inflation has dramatically […]
Celebrating Two Years of Libertarian Success in Argentina
25 Dec 2025 Leave a comment
in economics of bureaucracy, economics of climate change, economics of regulation, energy economics, environmental economics, environmentalism, global warming, politics - USA, Public Choice, transport economics Tags: electric cars
Rationing gasoline and diesel under the Climate Act is a predictable prescription for chaos. It is the mobility these motor fuels provide that guarantees rationing to meet the 2030 emissions target will not work.
Fuel rationing chaos looms in New York State
25 Dec 2025 Leave a comment
in economics of climate change, economics of regulation, energy economics, environmental economics, environmentalism, global warming Tags: climate alarmism
The real misinformation has been repeated predictions of apocalypse, fabricated links between bad weather and a harmless gas necessary for life on Earth and attacks on the reputations of those who question climate orthodoxy.
Panic-Stricken Climate Alarmists Resort to Bolder Lies
23 Dec 2025 Leave a comment
in economics of bureaucracy, economics of climate change, economics of education, economics of natural disasters, economics of regulation, energy economics, environmental economics, environmentalism, global warming, politics - USA, Public Choice Tags: climate alarmism
The Trump administration took a major whack at the climate-industrial complex this week. It’s a fantastic move. But another event this week spotlights the need to do more.
STEVE MILLOY: Trump Dismantles Climate-Industrial Complex
23 Dec 2025 Leave a comment
in applied price theory, comparative institutional analysis, econometerics, economics of regulation, law and economics, market efficiency, property rights, Public Choice, rentseeking, urban economics Tags: rent control
WSJ: What the Twin Cities Tell Us About Fixing the Housing CrisisThe Natural Experiment: In 2022, St. Paul enacted one of the strictest rent-control regimes in the country. The ordinance capped annual rent increases at 3% for most apartments, even empty ones. It didn’t adjust for inflation. … Across the Mississippi River, Minneapolis steered clear of rent…
A tale of two cities and rent control
23 Dec 2025 Leave a comment
in Adam Smith, applied price theory, comparative institutional analysis, economics of information, economics of regulation, history of economic thought
Here is a passage from The Theory of Moral Sentiments by Smith (author of the book The Wealth of Nations in 1776 that started economics) at the Library of Economics and Liberty. Smith emphasizes the arrogance and conceit of those who think they can arrange society any way they want. In a separate passage, Smith…
Adam Smith And Joseph Campbell On The Dangers Of “The Man Of System”
22 Dec 2025 Leave a comment
in applied price theory, econometerics, economic history, economics of regulation, law and economics, politics - USA, property rights, urban economics Tags: rent control
Adam Lehodey writing at City Journal: In New York City, making a profit on real estate has become increasingly difficult. Rent-stabilization laws built on the mantra that “housing is a human right,” a dysfunctional housing court, and myriad other interventions have driven thousands of units off the market, giving rise to the phenomenon of New York’s “ghost…
Rent Control Creates Ghost Apartments
21 Dec 2025 Leave a comment
in economics of climate change, economics of regulation, energy economics, environmental economics, environmentalism, global warming, transport economics
By Paul Homewood This confirms the rumours: From the Telegraph: The European Union has abandoned plans to ban the sale of new petrol and diesel cars by 2035, bowing to pressure from Germany and Italy.
EU abandons petrol car ban
18 Dec 2025 Leave a comment
in economics of regulation, law and economics, politics - New Zealand, property rights, sports economics Tags: animal rights, Animal welfare, racing, takings
Eric Crampton writes: Legislation before Parliament bans greyhound racing over animal welfare considerations. Buying out the industry, shutting it down, and rehoming the dogs would seem right if you thought animal welfare warranted it. The legislation instead proposes shuttering Greyhound Racing New Zealand and an assortment of private racing clubs. Their net assets will be handed…
Crampton on theft from greyhounds
18 Dec 2025 Leave a comment
in applied price theory, comparative institutional analysis, economics of regulation, law and economics, politics - New Zealand, property rights, regulation, urban economics Tags: housing affordability, land supply, racial discrimination, zoning
The following is written in Don’s capacity as trustee for Hobson’s Pledge: It is almost the end of 2025 and, as you may know, the Government has recently introduced to Parliament the two Bills it seeks to replace the Resource Management Act (RMA) with. The Bills were pushed through first reading under urgency and have…
DON BRASH – RMA Reform: A step forward. But concerns for equal citizenship
17 Dec 2025 Leave a comment
in economics of climate change, economics of regulation, energy economics, environmental economics, environmentalism, global warming, transport economics Tags: British politics, climate activists, electric cars
By Paul Homewood https://www.telegraph.co.uk/news/2025/12/13/next-conservative-government-ditch-ban-petrol-cars/ I briefly mentioned the Tories’ about turn on the petrol car ban. What was not clear was whether Kemi Badenoch would also ditch the ZEV mandate. Her interview with the Telegraph makes clear it will be ditched. The Telegraph reports:
Tories to Ditch ZEV Mandate
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