Celebrating humanity's flourishing through the spread of capitalism and the rule of law
15 Jul 2024 Leave a comment
in applied price theory, applied welfare economics, comparative institutional analysis, economic history, economics of bureaucracy, economics of regulation, income redistribution, law and economics, politics - USA, property rights, Public Choice, rentseeking, urban economics Tags: housing affordability, land supply, zoning
I pitch Build, Baby, Build in today’s New York Times. No illustrations, but a bunch of cool graphs cooked up by Sara Chodosh of the NYT data analytics team. The original title was “The Panacea Policy,” but now it’s “Yes in My Backyard: The Case For Housing Deregulation.” And for you, dear readers, it’s ungated!…
BBB in the NYT
15 Jul 2024 Leave a comment
in applied price theory, comparative institutional analysis, economic history, economics of regulation, income redistribution, law and economics, politics - USA, property rights, Public Choice, rentseeking, urban economics Tags: rent control
I’m not a political pundit, but I’m guessing that yesterday’s despicable assassination attempt on Donald Trump increases the likelihood that he reclaims the White House. That’s probably not good news for trade policy (though Biden has been just as bad), but it will be very good news for housing policy. Not because of what Trump […]
Biden’s Desperate Vote-Buying Proposal for Nationwide Rent Control
13 Jul 2024 Leave a comment
in applied price theory, economics of regulation, income redistribution, law and economics, politics - New Zealand, property rights, Public Choice, rentseeking, urban economics Tags: housing affordability, land supply, zoning
Four months ago, I described a speech by Chris Bishop in his capacity as Minister of Housing as perhaps the most important speech given by any Government minister since the election last year. He’s just given another, arguably even more important, laying out in words of one syllable what the Government plans to do…
DON BRASH: ANOTHER OUTSTANDING SPEECH FROM CHRIS BISHOP
12 Jul 2024 Leave a comment
in applied price theory, applied welfare economics, comparative institutional analysis, economic history, economics of regulation, income redistribution, law and economics, politics - USA, property rights, Public Choice, regulation, rentseeking, urban economics Tags: housing affordability, land supply, zoning
Here is one excerpt: What few appreciate is that the overregulation of housing has blocked a classic American path: moving to a higher-wage part of the country to secure a better life. A paper by the economists Peter Ganong and Daniel Shoag shows that housing costs now routinely outweigh wage gains: While janitors and waiters do indeed […]
Bryan Caplan on YIMBY in the NYT
11 Jul 2024 Leave a comment
in applied price theory, econometerics, economic history, economics of regulation, environmental economics, income redistribution, Public Choice, rentseeking, urban economics Tags: housing affordability, land supply, zoning
From a new working paper “The Price of Housing in the United States, 1890-2006” by Ronan C. Lyons, Allison Shertzer, Rowena Gray & David N. Agorastos (emphasis added): “Zoning was adopted by almost every city in our sample during the 1920s. We see a slightly steeper gradient over the next two periods (coefficients of .48 […]
Zoning Matters for Rising Housing Costs, Especially After 1980
09 Jul 2024 Leave a comment
in economics of regulation, energy economics, environmental economics, global warming, law and economics, politics - USA Tags: constitutional law, federalism
Numerous trade associations are asking the Supreme Court to review a lower court’s decision that effectively allowed California to push electric vehicles (EVs) on the rest of the U.S.
Energy, Business Groups Ask Supreme Court To Stop California From Forcing EVs On the Rest of America
07 Jul 2024 1 Comment
in economics of regulation, energy economics, environmental economics, global warming Tags: British politics
After 14 years of net-zero nonsense from the Conservative Party, Nigel Farage’s climate-skeptic Reform Party has taken away a third of the Conservative vote.
Climate-Skeptic Reform Party Takes A Third Of The Tory Vote In The UK Election
05 Jul 2024 Leave a comment
in economics of bureaucracy, economics of regulation, law and economics, politics - New Zealand, property rights, Public Choice, rentseeking, transport economics, urban economics Tags: housing affordability, land supply, zoning
Chris Bishop has announced changes to housing laws which will make a huge difference to housing affordability. Almost every expert has said that to reduce pressure on house prices you need to both build up and build out. The NIMBYs oppose building up and the Greenies opposes building out. Phil Rayford in 2017 had some […]
Finally a great housing package
23 Jun 2024 Leave a comment
in applied price theory, applied welfare economics, economics of regulation, health and safety, labour economics, labour supply, law and economics, occupational choice, politics - New Zealand
Peter Dunne writes – In 2016 New Zealand instituted comprehensive new health and safety laws for workplaces and other areas of activity. The expectation was that the new regime the legislation introduced would dramatically improve the culture and practice around safety in the workplace, reduce the numbers of accidents and save lives. However, the most […]
Health and Safety laws
21 Jun 2024 Leave a comment
in applied price theory, applied welfare economics, comparative institutional analysis, economics of bureaucracy, economics of regulation, history of economic thought, Public Choice, public economics
Economists have the least influence on policy where they know the most and are most agreed; they have the most influence on policy where they know the least and disagree most vehemently.” I’d never heard of it before and it’s quoted in this review of a book called “Free Lunch Thinking – How Economics Ruins […]
Murphy’s Law of Economic Policy
10 Jun 2024 Leave a comment
in economics of bureaucracy, economics of natural disasters, economics of regulation, health economics, law and economics, politics - New Zealand, Public Choice Tags: economics of pandemics
For those who are interested in public law, a very interesting paper by Dean Knight summarising the various court cases over the Covid-19 response. It details in which areas the Government won judicial reviews, and in which areas they lost. The TLDR version is: Hopefully we will not go through another pandemic anytime soon.
Where did the Government get the law right and wrong with the Covid-19 response?
09 Jun 2024 Leave a comment
in applied welfare economics, economics of regulation, health economics, politics - USA Tags: economics of pandemics, The fatal conceit, unintended consequences
I am not a Fauci hater but I think this criticism of Facui from epidemiologist and oncologist Vinay Prasad hits the mark: Lockdown was specifically advocated for by Anthony Fauci (‘15 days to stop the spread’/ ‘hunker down’/ ‘shelter in place’), and Fauci would go on to make hundreds of other specific policy recommendations. Although he initially […]
Fauci Didn’t Test
05 Jun 2024 Leave a comment
in economics of crime, economics of regulation, law and economics, politics - USA Tags: 2024 presidential election
Below is my column in The Hill on the start of the Hunter Biden trial and the elements of a classic jury nullification strategy by the defense. It is not clear that it will work in an otherwise open-and-shut case, but it might. What is clear is that it may be all that Biden has […]
Is Hunter Biden Pursuing a Jury Nullification Strategy?
04 Jun 2024 Leave a comment
in economics of regulation, energy economics, environmental economics, global warming, transport economics Tags: climate alarmism
We have been treated to multiple reports of negative consequences unforeseen by policymakers pushing the Green Energy agenda. A sample of the range: Ford ready to restrict UK sales of petrol models to hit electric targets, Financial Times Why US offshore wind energy is struggling—the good, the bad and the opportunity, Tech Xplore Another solar […]
Why Unintended Consequences from Pushing Green Energy
21 May 2024 Leave a comment
in applied price theory, comparative institutional analysis, development economics, economics of regulation, entrepreneurship, growth miracles, industrial organisation, managerial economics, organisational economics, public economics, survivor principle Tags: taxation and entrepreneurship, taxation and investment
QUESTION TO CLAUDE 3: The EU and China lag behind the US in economic dynamism, measured by start-up activity, number of unicorns, age of unicorns (younger indicates more rapid innovation), and in productivity growth. Can you document this and tell me why?ANSWER: Here is the data to document the economic dynamism gap between the US,…
Claude 3 on why the US leads China and the EU in economic dynamism
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
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