Celebrating humanity's flourishing through the spread of capitalism and the rule of law
13 Sep 2015 Leave a comment
in economic history, economics of regulation, politics - USA, urban economics Tags: British economy, British politics, housing affordability, housing prices, land supply, land use planning, NIMBYs, zoning
Source: International House Price Database – Dallas Fed
Note: The house price index series is an index constructed with nominal house price data. The real house price index is an index calculated by deflating the nominal house price series with a country’s personal consumption expenditure deflator.
13 Sep 2015 Leave a comment
in applied price theory, applied welfare economics, economics of bureaucracy, economics of regulation Tags: adverse selection, Competition as a discovery, drug lags, moral hazard, The meaning of competition
12 Sep 2015 Leave a comment
in economics of regulation, health economics Tags: China, Macau, meddlesome preferences economics of smoking, nanny state
Macau’s casinos are fuming over proposed smoking ban bloom.bg/1K08Jcg http://t.co/pCcY7XNBNh—
Bloomberg Business (@business) September 11, 2015
12 Sep 2015 Leave a comment
in economics of regulation, environmental economics, environmentalism, global warming, health economics, politics - New Zealand Tags: anti-science left eye global warming, climate alarmism, GMOs, Greenpeace, Leftover Left, New Zealand Greens, Russell Norman, The Great Escape, The Great Fact, Twitter left
Like McDonalds, Greenpeace globally is a brand. I read the papers every day in detail but are utterly clueless as to who its leaders are. That is a deliberate branding decision so people cannot conflate the inevitably dodgy and far left backgrounds of its leaders and activist support base with self appointed environmental do-gooders brand.
That is no longer so in New Zealand where a middle-age political junkie retiring as co-leader of the New Zealand Greens will now be their CEO in New Zealand.
.@RusselNorman to lead @GreenpeaceNZ bit.ly/1K08JJj http://t.co/M4QNmeGQjr—
Greenpeace NZ (@GreenpeaceNZ) September 10, 2015
If Russell Norman wants to do his job properly, you should never give an interview, never appear in public.
Incoming @GreenpeaceNZ leader @RusselNorman says Greenpeace critical for humanity's future stuff.co.nz/national/polit… http://t.co/XqpxYjYmf4—
Greenpeace NZ (@GreenpeaceNZ) September 12, 2015
What is worse is the carrying on by the Greens about the retirement of Russell Norman to lead the Greenpeace in New Zealand.
If they wanted to maintain the political effectiveness of Greenpeace, they should have made a short press release congratulating him on his retirement and wishing him well in his new job and saying little more. The Greens should stop carrying on as though you have taken over Greenpeace New Zealand.
I do not wish Greenpeace well with its anti-growth, anti-science, anti-human agenda, so I hope this was a mistake and I hope I am not interrupting them in making that mistake.
06 Sep 2015 Leave a comment
in economics of regulation, health economics, politics - Australia, politics - New Zealand, politics - USA Tags: alcohol regulation, economics of prohibition, meddlesome preferences, nanny state
05 Sep 2015 Leave a comment
in economic history, economics of regulation, entrepreneurship, politics - USA, property rights, Public Choice, rentseeking Tags: taxi regulation, Uber
02 Sep 2015 Leave a comment
in economics of regulation, environmental economics, health economics Tags: Anti-Science left, anti-vaccination movement, conjecture and refutation, New Zealand Greens, political psychology, quackery, vaccines
02 Sep 2015 Leave a comment
in economic history, economics of regulation, industrial organisation, politics - USA, Public Choice, rentseeking Tags: creative destruction, taxi regulation, Uber
01 Sep 2015 Leave a comment
in applied welfare economics, economics of regulation, health economics Tags: economics of smoking, nanny state, Yes Minister
30 Aug 2015 Leave a comment
in economics of regulation, environmental economics, global warming, health economics Tags: Anti-Science left, climate alarmism, economics of agriculture, global warming, GMOs, Greenpeace, New Zealand Greens, precautionary principle
26 Aug 2015 Leave a comment
in applied price theory, economics of crime, economics of regulation, health and safety, law and economics, politics - USA, property rights Tags: gun control, meddlesome preferences, nanny state, risk risk trade-offs
25 Aug 2015 Leave a comment
in applied price theory, applied welfare economics, economics of regulation, health economics, politics - Australia, politics - New Zealand, politics - USA, Public Choice, rentseeking Tags: bootleggers and baptists, economics of smoking, meddlesome preferences, nanny state, pressure groups, special interests
23 Aug 2015 Leave a comment
CHART: How Big is Uber vs. Legacy Taxis? VERY, VERY BIG nationalpost.com/m/wp/blog.html… http://t.co/gz0vXPZDip—
Mark J. Perry (@Mark_J_Perry) August 22, 2015
via Summer of Uber: Everything you need to know about the upstart ride-sharing service.
22 Aug 2015 Leave a comment
in applied price theory, applied welfare economics, economics of bureaucracy, economics of regulation, financial economics, income redistribution, industrial organisation, politics - Australia, politics - New Zealand, politics - USA, Public Choice, rentseeking, survivor principle Tags: Australia, billionaires, Russia, top 0.1%, top 1%
…Bagchi and Svejnar carefully went through the lists of all the Forbes billionaires, and divided them into those who had acquired their wealth due to political connections, and those who had not. This is kind of a slippery slope — almost all billionaires have probably benefited from government connections at one time or another.
But the researchers used a very conservative standard for classifying people as politically connected, only assigning billionaires to this group when it was clear that their wealth was a product of government connections. Just benefiting from a government that was pro-business, like those in Singapore and Hong Kong, wasn’t enough.
Rather, the researchers were looking for a situation like Indonesia under Suharto, where political connections were usually needed to secure import licenses, or Russia in the mid-1990s, when some state employees made fortunes overnight as the state privatized assets.
…The negative effects of wealth inequality are largely being driven by politically connected wealth inequality. That seems to be the primary channel that drives this relationship…
a 3.72 percent increase in the level of wealth inequality would cost a country about half a percent of real GDP per capita growth. That’s a big impact, given that average GDP growth is in the neighbourhood of two percent per year
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