The Creation of Ride-sharing and the Creativity of Markets

The idea behind Uber first arose, the story goes, on a snowy evening in Paris back around 2008, when Travis Kalanick and Garrett Camp found themselves stuck in Paris on a snowy evening, unable to find a taxi. They wondered “What if you could request a ride simply by tapping your phone?” They co-founded Uber based…

The Creation of Ride-sharing and the Creativity of Markets

Pervasive myth of centralisation unravels in NZ

Oliver Hartwich writes – New Zealand’s government sacked the entire board of Health New Zealand (Te Whatu Ora) last week, replacing it with a sole commissioner. The move marked more than just another shake-up in the country’s beleaguered health system. It signalled the spectacular failure of a grand experiment that has turned New Zealand into […]

Pervasive myth of centralisation unravels in NZ

https://www.facebook.com/share/uthPsaZE5AyFEzpf/?mibextid=xfxF2i

Reporters Blame “Right-Wing Media” for Their Failure to Disclose Biden’s Infirmity

The media is sorry . . . sort of. After the shocking appearance of President Joe Biden in the presidential debate, the public has turned its attention to the press which has, again, buried a major scandal for years. According to CNN, the reporters at the White House are really, really sorry but explained that […]

Reporters Blame “Right-Wing Media” for Their Failure to Disclose Biden’s Infirmity

Creative destruction

https://www.facebook.com/share/p/Y8JA1saUGwwCNr5Z/?mibextid=xfxF2i

Claude 3 on why the US leads China and the EU in economic dynamism

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

Is it time to take the Interislander away from Kiwirail?

The Herald reports: KiwiRail’s seemingly endless requests for more money is damning. At one point, KiwiRail assured Robertson when he was the Finance Minister that the worst-case scenario would be an extra $300 million before requesting $1.2 billion a few months later. Not what most people regard as worst case. It’s no wonder Ministry of Transport officials […]

Is it time to take the Interislander away from Kiwirail?

Business Freeze: Germany’s Last Solar Panel Manufacturers Finally Crushed

Germany’s costly and chaotic wind and solar transition has served up plenty of casualties. Large numbers of energy intensive manufacturers have already bailed out – chasing cheap power prices in places like the US and Singapore. Now, in a rather ironic twist, its solar panel manufacturing industry has all but thrown in the towel. Notwithstanding […]

Business Freeze: Germany’s Last Solar Panel Manufacturers Finally Crushed

Full-blown Financial Meltdown: Offshore Wind Industry’s Collapse Accelerates

America’s offshore wind industry is collapsing, both figuratively and literally. Offshore turbines have grown in capacity and size to the point where they simply collapse into the ocean. As do the financial prospects of those seeking to profit from them. One of the key players offshore – GE’s renewables division – backed up a solid […]

Full-blown Financial Meltdown: Offshore Wind Industry’s Collapse Accelerates

Still no prudential regulation case around climate change

Eric Crampton writes – The Reserve Bank of New Zealand desperately wants to find reasons to have workstreams in climate change. It makes little sense.

Still no prudential regulation case around climate change

Marxist Economics Is Dumb

TweetHere’s a letter to the Wall Street Journal: Editor: You report that, in response to Google’s firing of 28 workers who protested that company’s affiliation with the Israeli government, a spokeswoman for the group that organized the protests said about the firings that “this flagrant act of retaliation is a clear indication that Google values…

Marxist Economics Is Dumb

No Knife But A Bloodletting Nevertheless.

Hosking went after Radio New Zealand this morning and it was bad.The Mike Hosking Breakfast, 0600 till 0900 has three producer/support staff, Radio NZ Morning report has 16 production staff to cover the same five day time slot, yet the state run highly subsidised show falls way behind in ratings.. That 16 figure for production […]

No Knife But A Bloodletting Nevertheless.

A Socialist Explains Why Socialism Can’t Work

Not that the socialist in question, Professor Richard D. Wolff, realises that’s what he’s doing in the Q&A video below – and he’s not talking about traditional Communist Command and Controlled Economies. What he’s actually describing is a very pure form of socialism, the sort only vaguely imagined by Marx, Engels and other communists when […]

A Socialist Explains Why Socialism Can’t Work

Pricing the Atlantic

A WSJ article by Alexandra Bruell reports that three years ago the Atlantic magazine ran a $20 million deficit which led to layoffs. A new boss, Nick Thompson, was tasked with turning this around. Along with editorial changes toward longer investigative pieces rather than breaking news, the Atlantic raised subscription prices 50%. How did he…

Pricing the Atlantic

An Open Letter to Nobel-laureate Economist Angus Deaton

TweetProf. Angus Deaton Princeton University Prof. Deaton: Over the years I’ve learned much from your writings, and I regard your 2013 The Great Escape as one of the most important books published in the past 15 years. So I was quite surprised and disappointed to read that you, as you say, are now “much more…

An Open Letter to Nobel-laureate Economist Angus Deaton

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