For too long, outdated rules based on old technology held back American aerospace innovation.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.
Civilian supersonic flights are being legalized in the U.S.
08 Jul 2026 1 Comment
in economics of regulation, politics - USA, transport economics
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
Slow Growth: Mexico Edition
23 Jun 2026 Leave a comment
in development economics, economic history, economics of bureaucracy, economics of regulation, labour economics, Public Choice Tags: Mexico
For the last eight years or so, going back before the pandemic, Mexico’s economy has been growing at 1% per year or less, which is barely faster than the population of Mexico has been growing. It is a fact of arithmetic that an upper-middle-income country, as Mexico is classified by the World Bank, will not…
Slow Growth: Mexico Edition
150 laws to go
20 Jun 2026 Leave a comment
in economics of regulation, law and economics, politics - New Zealand, property rights
Chris Bishop announced: More than 150 outdated and obsolete laws are likely to be repealed as part of the Government’s statutory spring clean, Attorney-General Chris Bishop says. The legislative cleanup is being run in stages led by the Parliamentary Counsel Office, alongside the Department of Internal Affairs for local Acts. To date, 152 outdated Acts…
150 laws to go
Miliband comes for underfloor heating in net zero drive
14 Jun 2026 Leave a comment
in economics of climate change, economics of regulation, energy economics, environmental economics, environmentalism, global warming Tags: British politics
By Paul Homewood h/t Ian Magness From the Telegraph: Ed Miliband will ban the sale of underfloor heating systems deemed to be using too much power in his latest net zero drive. The Energy Secretary has also set his sights on electric towel rails, gas fires and storage heaters, with plans for […]
Miliband comes for underfloor heating in net zero drive
The History of Greenpeace: The Evolution of Green Extremism
14 Jun 2026 Leave a comment
in economic history, economics of climate change, economics of crime, economics of regulation, energy economics, environmental economics, environmentalism, global warming, International law, law and economics, Marxist economics, politics - USA, property rights Tags: climate activists, nuisance suits
The era of unchecked “activism” that masks itself as science while practicing inhumane sabotage is reaching its end. We are witnessing the slow, painful process of reality catching up to the Greenpeace propaganda. And frankly, it’s about time. The post The History of Greenpeace: The Evolution of Green Extremism appeared first on Watts Up With…
The History of Greenpeace: The Evolution of Green Extremism
A Quiet Rewrite That Could Shape a Thousand Climate Cases
14 Jun 2026 Leave a comment
in economics of regulation, law and economics, politics - USA, property rights
An under-the-radar legal switcheroo should concern every business leader, investor, and taxpayer in America. Now, 23 state attorneys general have taken notice and sent a letter to the Administrative Office of U.S. Courts that bolsters the efforts of three eminent scientists who sounded the alarm. The post A Quiet Rewrite That Could Shape a Thousand…
A Quiet Rewrite That Could Shape a Thousand Climate Cases
Piketty’s Eco-Marxist Utopia: Why Degrowth and Global Redistribution Will Trap the Poor in Poverty
13 Jun 2026 Leave a comment
in applied price theory, development economics, econometerics, economic growth, economic history, economics of climate change, economics of regulation, energy economics, environmental economics, environmentalism, fiscal policy, global warming, human capital, income redistribution, industrial organisation, international economics, labour economics, labour supply, macroeconomics, Public Choice, public economics Tags: climate activists, climate alarmism, regressive left
The world’s poor deserve better than another utopia designed for them by the globalist intelligentsia. They deserve cheap energy, open markets, secure property rights, and the freedom to industrialise on terms they choose for themselves. That is what worked in East Asia. It is what will work in South Asia, Africa and Latin America. And…
Piketty’s Eco-Marxist Utopia: Why Degrowth and Global Redistribution Will Trap the Poor in Poverty
Artificial Intelligence, Natural Ignorance
07 Jun 2026 Leave a comment
in economics of information, economics of media and culture, economics of regulation, entrepreneurship, financial economics, history of economic thought, industrial organisation, market efficiency, politics - USA, regulation, survivor principle Tags: creative destruction
Everyone in Washington seems to agree that artificial intelligence must be governed. The only real dispute is who gets the steering wheel. Congress? Federal agencies? State legislatures? Some newly minted task force with a long acronym and a taste for reporting requirements? That debate is already too narrow. President Donald Trump’s recent executive order on…
Artificial Intelligence, Natural Ignorance
SpaceX and the New Geography of Corporate Governance
07 Jun 2026 Leave a comment
in economics of regulation, entrepreneurship, industrial organisation, law and economics, managerial economics, organisational economics, property rights
SpaceX may soon ask public investors to buy a piece of the future. The fine print may ask them to buy something else, too: a theory of corporate governance. The company’s reported initial public offering (IPO) has already drawn significant concern from institutional investors and corporate-governance observers. That concern is understandable. SpaceX reportedly seeks to…
SpaceX and the New Geography of Corporate Governance
Blair Destroys Net Zero Policy
07 Jun 2026 1 Comment
in development economics, economics of climate change, economics of regulation, energy economics, environmental economics, environmentalism, global warming, growth miracles Tags: British politics, China, climate activists
By Paul Homewood Well worth a watch, as Tony Blair destroys Mad Miliband’s obsession with Net Zero: https://x.com/NetZeroWatch/status/2059927624537743869
Blair Destroys Net Zero Policy
Should we recriminalize marijuana?
04 Jun 2026 1 Comment
in applied price theory, economics of regulation, health economics Tags: economics of prohibition
That is the topic of my latest Free Press column. Here is one excerpt: The present and also future of mankind is a world where reasonably high levels of self-discipline are needed to do well. The journalist Daniel Akst pointed this out in his 2011 book Temptation: Finding Self-Control in an Age of Excess, and we…
Should we recriminalize marijuana?
Utopia, you are standing in it! 
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