Almost Observable Human Capital

Previously, we could observe a higher proportion of men than women in, say,  steel fabrication and suspect that men have “some sort” of physical or mental comparative advantage related to steel fabrication. But what does that mean?

Almost Observable Human Capital

Wage setting explained

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

OneNews blames immigration to NZ for emigration (of young Kiwis out of NZ). Maybe they’re leaving because our Media has depressed them?

If a Blogger accused immigrants of nicking houses & jobs off young native NZ’ers, causing them to leave the country, then we’d likely be prosecuted under anti-freedom of speech legislation. But seems our State-owned broadcaster, OneNews, can get away with it. After all, like the Reserve Bank, TVNZ can do what it wants. Its above…

OneNews blames immigration to NZ for emigration (of young Kiwis out of NZ). Maybe they’re leaving because our Media has depressed them?

Debunking Bad Class Warfare and Debunking Nonsensical Class Warfare

Like Thomas Piketty, Gabriel Zucman is a French economist who promotes economically destructive class-warfare tax policy. He’s also infamous for dodgy data manipulation, as Phil Magness explains in this Reason discussion. The interview lasts for 64 minutes, and I recommend the entire discussion. Yes, that’s a lot of time, but Phil has encyclopedic knowledge and […]

Debunking Bad Class Warfare and Debunking Nonsensical Class Warfare

New York restaurants find a new way to respond to the minimum wage

The New York Times (paywalled, but also available here) reported last month:At Sansan Chicken in Long Island City, Queens, the cashier beamed a wide smile and recommended the fried chicken sandwich.Or maybe she suggested the tonkatsu — it was hard to tell, because the internet connection from her home in the Philippines was spotty.Romy, who…

New York restaurants find a new way to respond to the minimum wage

Netherlands government about to be formed, per reports

It is being reported (e.g., Politico, FT) that a coalition government is soon to be announced for the Netherlands, which a general election in late November. The government would consist of the following parties, with their seats noted: The far-right Freedom Party (PVV, 37), led by Geert Wilders, the center-right VVD (24), the Christian democratic/anti-establishment […]

Netherlands government about to be formed, per reports

The Treasury and productivity

Late last week The Treasury released a new 40 page report on “The productivity slowdown: implications for the Treasury’s forecasts and projections” (productivity forecasts and projections that is, rather than any possible fiscal implications – the latter will, I guess, be articulated in the Budget documents). In short, if (as it has) productivity growth has slowed down […]

The Treasury and productivity

Dishonest Pimping for a Global Wealth-Tax Cartel

Everything you need to know about wealth taxation can be summarized in two sentences. The biggest problem with most tax systems is the pervasive tax bias against income that is saved and invested, which discourages the accumulation of capital that helps to finance future growth. Wealth taxes would dramatically increase the tax bias against saving […]

Dishonest Pimping for a Global Wealth-Tax Cartel

Why have the media ignored this outrageous speech?

Read the whole tweet. A Member of Parliament got up in the House and said the Government (which has a Cabinet which is 35% Māori) wants to exterminate Māori. Has the media reported this, with the editorials decrying such nonsensical and abusive language? Imagine if an ACT MP said in the House that a Labour-led […]

Why have the media ignored this outrageous speech?

The Peltzman Effect at Sea

Deiana, Maheshr,and Mastrobuoniand have recently published an analysis of the effects of Search and Rescue operations on migration from Africa to Europe.Nearly half a century ago, Sam Peltzman showed that, because mandatory seat-belts made driving safer, drivers tended to drive more recklessly, partially offsetting the increased safety. Similar effects occurred in the search and rescue…

The Peltzman Effect at Sea

Some Economics of Tipping

Why leave a tip? You have already received whatever food or service you are going to receive. Maybe if you are a very regular customer, tipping could lead to better service in the future. But most people who leave tips do so even if they are stopping off at, say, a restaurant in a city…

Some Economics of Tipping

More Good Results from Argentina

The most important election of 2023 took place in Argentina, where that nation’s voters elected the libertarian candidate, Javier Milei, as their new president. I discussed the outlook for Milei’s agenda on a recent appearance of the Schilling Show. Here’s a brief excerpt. As you can see, I’m worried that Milei faces enormous obstacles. Argentina […]

More Good Results from Argentina

LINDSAY MITCHELL: Is Oranga Tamariki guilty of neglect?

One of reasons Oranga Tamariki exists is to prevent child neglect. But could the organisation itself be guilty of the same? Oranga Tamariki’s statistics show a decrease in the number and age of children in care. “There are less children in care now than as at 30 June 2019 when there were 6450 children and…

LINDSAY MITCHELL: Is Oranga Tamariki guilty of neglect?

“Deactivated”: Columbia Reportedly Blocks Jewish Professor from Access to Campus

Professor Shai Davidai, an assistant professor at Columbia Business School, was reportedly denied access to the main campus on Friday as his school ID was “deactivated” during the recent protests over the Israeli-Gaza conflict. What was equally concerning is that the university did so for his own protection out of concern that, as an outspoken […]

“Deactivated”: Columbia Reportedly Blocks Jewish Professor from Access to Campus

Why the Global Free Market Will Save the World

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