Celebrating humanity's flourishing through the spread of capitalism and the rule of law
14 Jan 2026 Leave a comment
in applied price theory, economics of regulation, income redistribution, law and economics, property rights, Public Choice, rentseeking, Thomas Sowell, urban economics Tags: housing affordability, land supply
Tweet… is from page 152 of Thomas Sowell’s Compassion Versus Guilt, a 1987 collection of some of his popular essays; specifically, it’s from Sowell’s June 14th, 1985, column titled “Chances versus Guarantees”: People who bought homes in a quiet little town often become resentful when other people begin moving in, expanding and changing the community.…
Quotation of the Day…
13 Jan 2026 Leave a comment
in economics of media and culture, economics of regulation, politics - USA
After the U.S. Supreme Court decided Free Speech Coalition v. Paxton last year, I wrote that the “broader war over age verification and parental consent online isn’t over.” As we head into 2026, that prediction looks right. The fight has shifted. Lawmakers have moved their focus from social-media platforms to app stores. But the basic…
Carding the Internet Still Isn’t Constitutional
11 Jan 2026 1 Comment
in applied price theory, economics of regulation, financial economics, income redistribution, politics - USA, Public Choice, regulation, rentseeking
No, today’s column is not about Trump’s inane protectionism, which is definitely an example of economic illiteracy. It’s about another area where Trump is copying Joe Biden, channeling Elizabeth Warren, mind-melding with AOC, and acting like Bernie Sanders. Though it probably is indirectly connected with protectionism. “Affordability” has become a big issue, in part because […]
Trump’s Shameful Economic Illiteracy
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 1 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 1 Comment
in economics of bureaucracy, economics of climate change, economics of regulation, energy economics, environmental economics, environmentalism, global warming, law and economics, politics - USA, property rights, Public Choice 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 1 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 1 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
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
A History of the Alt-Right
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Celebrating humanity's flourishing through the spread of capitalism and the rule of law
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Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
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Celebrating humanity's flourishing through the spread of capitalism and the rule of law
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Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
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Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Res ipsa loquitur - The thing itself speaks
In Hume’s spirit, I will attempt to serve as an ambassador from my world of economics, and help in “finding topics of conversation fit for the entertainment of rational creatures.”
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The truth about the great wind power fraud - we're not here to debate the wind industry, we're here to destroy it.
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
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