Celebrating humanity's flourishing through the spread of capitalism and the rule of law
08 Jan 2025 Leave a comment
in economics of information, economics of regulation, entrepreneurship, law and economics, liberalism, politics - USA Tags: creative destruction, free speech, political correctness, regressive left
Below is my column in Fox.com on the potentially historic change in policy at Meta to restore free speech protections. As one of the longest and loudest critics of the company over its censorship history, it is admittedly hard to trust. However, an alliance of Mark Zuckerberg with Elon Musk could prove the most important […]
Meta Culpa: Zuckerberg Joins Musk in the Global Fight for Free Speech
07 Jan 2025 Leave a comment
in applied price theory, entrepreneurship, human capital, income redistribution, labour economics, labour supply, occupational choice, poverty and inequality, Public Choice, Thomas Sowell
Tweet… is from page 496 of the 2011 revised and enlarged edition of Thomas Sowell’s 2009 book Intellectuals and Society (original emphasis): Another common tactic and flaw in the arguments of the intelligentsia is eternalizing the transient. Thus statistical trends in the share of the nation’s income going to “the rich” (however defined) and “the…
Quotation of the Day…
06 Jan 2025 Leave a comment
in applied price theory, economics of bureaucracy, economics of regulation, entrepreneurship, income redistribution, industrial organisation, politics - USA, Public Choice, rentseeking, survivor principle
TweetScott Lincicome decries Biden’s abuse of national security to block Nippon Steel’s acquisition of U.S. Steel. Two slices: Today, President Joe Biden blocked Nippon Steel’s proposed acquisition of US Steel on the grounds that “there is credible evidence” the Japanese steelmaker “might take action that threatens to impair the national security of the United States.” What…
Some Links
31 Dec 2024 Leave a comment
in energy economics, entrepreneurship, environmental economics, financial economics, global warming Tags: climate activists
Stock market investors are pulling a record amount of cash out of climate funds, even though many have not underperformed.
ESG ‘vibe’ check: ‘Stock market investors are pulling a record amount of cash out of climate funds’ – ‘The main driver of the exodus is bad vibes’
29 Dec 2024 Leave a comment
in economic history, entrepreneurship Tags: creative destruction
27 Dec 2024 Leave a comment
in applied price theory, economic growth, entrepreneurship, fiscal policy, human capital, income redistribution, labour economics, labour supply, liberalism, macroeconomics, Marxist economics, politics - USA, poverty and inequality, Public Choice, public economics Tags: Denmark, Norway, social insurance, Sweden, taxation and entrepreneurship, taxation and investment, taxation and labour supply
Scandinavian nations are not socialist, at least if we’re using the technical definition (government ownership, central planning, and price controls). But those countries do have big welfare states. And that means stifling tax burdens. And those harsh taxes don’t just apply to rich taxpayers. Lower-income and middle-class people also get pillaged. I’ve already explained that punitive value-added […]
Scandinavian Governments Are Greedy, not Socialist
26 Dec 2024 Leave a comment
in applied price theory, entrepreneurship, financial economics, fiscal policy, income redistribution, macroeconomics, Marxist economics, politics - USA, Public Choice, public economics Tags: regressive left, taxation and entrepreneurship, taxation and investment, taxation and savings, wealth tax
Washington State’s unofficial state motto has long been “Al-ki” which means either “bye and bye” or “by and by” in Chinook. The former meaning now seems official as Gov. Jay Inslee pushed for a “wealth tax.” Wealthy citizens are already saying bye to the state in anticipation of what one Democratic billionaire recently called a […]
Bye and Bye: Washington State Moves To Toward a “Wealth Tax” As the Wealthy Move to Leave the State
25 Dec 2024 Leave a comment
in energy economics, entrepreneurship Tags: nuclear energy
Today, nuclear waste is the key to Unlimited Electricity, as that “so-called nuclear waste”, the slightly used nuclear fuel (SUNF), still has 97% of its electricity potential yet to be realized.
Nuclear Waste could be the game-changer to Unlimited Electricity
17 Dec 2024 1 Comment
in applied price theory, economics of information, entrepreneurship, industrial organisation, law and economics, politics - USA, Public Choice, survivor principle, theory of the firm Tags: competition law
The case is straightforward: Google pays firms like Apple billions of dollars to make its search engine the default. (N.B. I would rephrase this as Apple charges Google billions of dollars to make its search engine the default–a phrasing which matters if you want to understand what is really going on. But set that aside […]
Some Simple Economics of the Google Antitrust Case
16 Dec 2024 1 Comment
in applied price theory, comparative institutional analysis, energy economics, entrepreneurship, environmental economics, law and economics, politics - New Zealand, property rights Tags: solar power
The just resigned Chair of the NZ Green Investment Fund (NZGIF) and Chancellor of Auckland University, Cecilia Tarrant, previously worked at Morgan Stanley Bank in New York, starting in 1997 and finishing in 2009. She’s a very nice person, a lawyer by training, and Structured Products expert, in particular on Mortgage Backed Securities. The collapse of…
Call in the Bailiffs: How the NZ Government’s Green Investment Fund Turned Itself Into an Unpleasant Predatory Lender and Debt Collection Agency.
15 Dec 2024 Leave a comment
in economic history, entrepreneurship, industrial organisation, survivor principle Tags: competition law, creative destruction, merger law enforcement
13 Dec 2024 Leave a comment
in economics of bureaucracy, economics of climate change, energy economics, entrepreneurship, environmental economics, environmentalism, financial economics, global warming, politics - New Zealand, Public Choice, rentseeking
Only a few months ago, the Chair of the NZ Green Investment Fund (NZGIF) and Chancellor of the University of Auckland, Cecilia Tarrant, visited my “Law and Economics” class. Why? She’s a lawyer who worked in “structured products” and “real estate finance” at Morgan Stanley in New York – and knows a Kiwi friend of…
The NZ Green Investment Fund should be Liquidated for Losing Money that could’ve gone into alleviating Poverty.
13 Dec 2024 Leave a comment
in entrepreneurship, financial economics, industrial organisation, law and economics, politics - USA, property rights, survivor principle Tags: media bias
When now President-Elect Donald Trump was convicted, the thrill-kill atmosphere around the courthouse and the country was explosive, but no one was more ecstatic than liberal columnist and former prosecutor Harry Litman. The then L.A. Times columnist told MSNBC’s Nicolle Wallace that it was a “majestic day” and “a day to celebrate.” A lawfare advocate, […]
“This is Not the Time for Balance”: LA Times Columnist Resigns in Protest . . . Over Balanced Commentary
11 Dec 2024 Leave a comment
in applied price theory, economic history, economics of bureaucracy, economics of regulation, entrepreneurship, financial economics, income redistribution, industrial organisation, labour economics, labour supply, managerial economics, organisational economics, personnel economics, Public Choice, rentseeking, survivor principle, theory of the firm Tags: creative destruction, employment law
Over at the Geek Way, Andrew McAfee has created a startling visualization related to entrepreneurship in the US and EU. The Draghi Report on EU competitiveness is generating a small buzz among economists. One startling claim is thatthere is no EU company with a market capitalisation over EUR 100 billion that has been set up…
More on Business Dynamism
10 Dec 2024 1 Comment
in economics of climate change, energy economics, entrepreneurship, environmental economics, environmentalism, global warming, industrial organisation, resource economics, survivor principle Tags: wind power
By Paul Homewood h/t Hugh Sharman If wind power was so cheap, you would think they would be queuing up to build them: The Danish Energy Agency has not received a single bid for any of the three offshore wind farms in the North Sea, the agency said in a […]
Nobody Wants To Build Wind Farms In The North Sea
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