Audrey Young writes: The ban was not in the NZF coalition agreement with Labour. They could have simply refused to back it, and there would not have been the votes for it. But they decided to back it. That is a fact. The post NZ First and the oil and gas ban first appeared on…
NZ First and the oil and gas ban
NZ First and the oil and gas ban
26 Jul 2026 Leave a comment
in economics of regulation, energy economics, politics - New Zealand
Occupational Licensing: US and International
25 Jul 2026 Leave a comment
in applied price theory, economics of information, economics of regulation, human capital, income redistribution, labour economics, labour supply, occupational choice, occupational regulation, politics - USA, Public Choice, rentseeking
The potential benefit of having the government require that certain jobs require an official license is quality control and protection. Personally, I rather like knowing that my nurse or doctor or dentist has gone through courses and training. The potential cost is that requirement to have a government license can become a way for those…
Occupational Licensing: US and International
Just fix industrial allocations
25 Jul 2026 Leave a comment
in economics of climate change, economics of regulation, energy economics, environmental economics, environmentalism, global warming, politics - New Zealand Tags: carbon tax, carbon trading
New Zealand’s Emissions Trading Scheme includes industrial allocations of carbon credits aimed at avoiding inefficient carbon leakage.But the formula is wrong. Imagine that you’re a domestic firm producing stuff that generates CO2 emissions. You correctly have to surrender NZU – one for each tonne of emissions. But if competitors in foreign markets do not face a…
Just fix industrial allocations
Let them build: electricity and datacentres edition
24 Jul 2026 Leave a comment
in economics of regulation, energy economics, entrepreneurship, politics - New Zealand
New Zealand’s electricity companies know how to stick a pipe into the ground in the Taupo Volcanic Zone and generate electricity. They’ve been doing it for decades, and there is enormous untapped potential. America’s hyperscalers are currently willing to pay a large premium for immediacy. They are sticking expensive off-grid generators beside datacentres that would have…
Let them build: electricity and datacentres edition
Occupational Licensing Around the World
18 Jul 2026 1 Comment
in economics of regulation, labour economics, labour supply, occupational regulation, politics - New Zealand, politics - USA
Hartley and Kleiner have a new Fed Minneapolis working paper surveying workers around the world to measure occupational licensing by country. In the United States, occupational licensing has increased substantially over time, so one might expect licensing to rise with income. Their headline result is the opposite: occupational licensing is negatively correlated with GDP per…
Occupational Licensing Around the World
The Equal Pay Madness Just Got Madder
17 Jul 2026 1 Comment
in applied price theory, discrimination, economics of regulation, gender, human capital, labour economics, labour supply, occupational choice Tags: gender wage gap
In my post Equality Act 2010 I discussed the UK’s absolutely insane wage policy: In short, supply and demand have been replaced by judges and labor boards with the authority to deem which jobs are “equal” and therefore should be paid equally….No one is alleging that male and female warehouse workers were paid unequally or…
The Equal Pay Madness Just Got Madder
More academic censorship
14 Jul 2026 Leave a comment
in politics - New Zealand, law and economics, economics of regulation, property rights, health economics
The FSU released: A peer-reviewed paper by a Māori clinical psychologist has been removed from her profession’s journal on the grounds that keeping it accessible could harm Māori. It was not retracted for error, fraud or misconduct, which are ordinarily the only reasons for such an action. Censorship knows no bounds. How dare she have…
More academic censorship
Germany Needs Milei-ism but Is Getting Romney-ism
13 Jul 2026 Leave a comment
in economic growth, economic history, economics of regulation, fiscal policy, macroeconomics Tags: Germany
In the past year, I’ve written about Germany’s fiscal deterioration and its costly fixation on net-zero environmentalism. As illustrated by the chart, these policies have contributed to malaise and economic stagnation (and were caused by – or contributed to – eroding societal capital). The good news is that Friedrich Merz, the country’s chancellor, wants economic […]
Germany Needs Milei-ism but Is Getting Romney-ism
Renewable Energy Will Impoverish Humanity
11 Jul 2026 Leave a comment
in economics of climate change, economics of regulation, energy economics, environmental economics, environmentalism, global warming
A wholly or predominantly wind and solar fuelled economy will not be able to sustain those corrective technologies and at the same time provide a generous margin for other uses. So the system will shrink, energy consumption itself will fall and the human niche will narrow. General health will decline, rates of mortality will rise,…
Renewable Energy Will Impoverish Humanity
BREAKING: Trump Admin Hires Skeptic to Run National Climate Assessment…Mann Clutches Pearls
11 Jul 2026 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 Tags: climate alarmism
Scrutiny of a government assessment by someone inclined to question it is not a threat to the science. It is a stress test. The post BREAKING: Trump Admin Hires Skeptic to Run National Climate Assessment…Mann Clutches Pearls appeared first on Watts Up With That?.
BREAKING: Trump Admin Hires Skeptic to Run National Climate Assessment…Mann Clutches Pearls
Civilian supersonic flights are being legalized in the U.S.
08 Jul 2026 1 Comment
in economics of regulation, politics - USA, transport economics
For too long, outdated rules based on old technology held back American aerospace innovation. Now, we are updating those rules for the first time since the 1970s. Today @USDOT announced a new proposal to enable civil supersonic flight by replacing speed limits with noise limits, ushering in a new era of safer, quieter, and faster air travel…
Civilian supersonic flights are being legalized in the U.S.
The Troubled History of Government Equity in Technology
07 Jul 2026 1 Comment
in applied price theory, economic history, economics of regulation, entrepreneurship, industrial organisation, privatisation, Public Choice, rentseeking, survivor principle Tags: creative destruction, Germany
Even though Germany privatized Deutsche Telekom in 1996, the federal government retained a substantial ownership stake. This partial state ownership status, which remains to this day, presents a textbook example of how this type of arrangement distorts incentives and delays the competitive dynamism necessary for technological progress. Through the late 1990s and into the 2000s, Deutsche Telekom…
The Troubled History of Government Equity in Technology
One public servant we could survive without
03 Jul 2026 Leave a comment
in economics of regulation, health economics, law and economics, politics - New Zealand, property rights Tags: economics of smoking
Stuff reports: A Government ministry has taken the time to threaten legal action against Stuff, all over a photo of a 45-year-old magazine used in a Stuff Quiz. On June 26, question five of the Stuff morning trivia quiz asked who appeared on the debut cover of Playboy magazine. To accompany the question, the quiz featured an archive image of a person…
One public servant we could survive without
Rent Control: The Ceiling Trap
02 Jul 2026 Leave a comment
in applied price theory, economic history, economics of regulation, law and economics, property rights Tags: rent control
Rent control is in the news again. Check out my new website, Rent Control: The Ceiling Trap. Here is just one bit: Norway abolished its rent control in 1982, and the economist Are Oust realized the newspapers had been quietly recording the whole experiment. He collected housing classifieds from Oslo’s Aftenposten from 1970 to 2008 and watched…
Rent Control: The Ceiling Trap
The tobacco black market in NZ in 2025
24 Jun 2026 Leave a comment
in economics of regulation, health economics, politics - New Zealand Tags: black markets, economics of smoking
I’ve been sent a copy of a report by FTI Consulting on the tobacco black market in NZ. It is referenced here by Retail NZ. It is 63 pages long and full of data. It is produced for the three main tobacco companies in NZ (not surprisingly they are against their product being stolen). Some…
The tobacco black market in NZ in 2025
Utopia, you are standing in it! 
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