Celebrating humanity's flourishing through the spread of capitalism and the rule of law
08 Mar 2024 1 Comment
in applied price theory, comparative institutional analysis, development economics, economic growth, economic history, economics of climate change, economics of crime, energy economics, environmental economics, environmentalism, global warming, growth miracles, law and economics, liberalism, macroeconomics, Marxist economics, property rights Tags: climate alarmism, free speech, regressive left, The Great Enrichment
J. Scott Turner explains how the roots of environmental stewardship were poisoned, resulting in the perverted modern decarbonization movement. His Spectator Australia article is Environmentalism: from concern about clean air to throwing soup at the Mona Lisa. Excerpts in italics with my bolds and added images. H/T John Ray Garrett Hardin was a professor of biology […]
Environmentalism Perverted by Climatism
01 Mar 2024 Leave a comment
in economic growth, economics of bureaucracy, fiscal policy, macroeconomics, politics - New Zealand, Public Choice, public economics
22 Feb 2024 Leave a comment
in economic growth, income redistribution, labour economics, labour supply, macroeconomics, politics - New Zealand, Public Choice, rentseeking Tags: ageing society
The Retirement Commissioner has released a paper on aspects of New Zealand Superannuation (NZS). Its focus includes affordability, fairness, age of eligibility, and the treatment of those over 65 who continue in the workforce whilst also receiving NZS. What the Commissioner does not discuss is the relationship between superannuation systems, domestic savings rates and capital […]
Superannuation, KiwiSaver, and New Zealand’s economic development
14 Feb 2024 Leave a comment
in development economics, economic growth, economic history, growth miracles, macroeconomics Tags: The Great Enrichment
Cool chart which is split up by regions so it’s easy to find nations like little old New Zealand ($US 252 billion) and Israel ($539 billion). I was a little surprised at the latter as I thought they’d be much bigger with all the high tech companies they have, as well as having a population […]
Global GDP
11 Feb 2024 Leave a comment
in economic growth, economics of bureaucracy, economics of climate change, energy economics, environmental economics, environmentalism, global warming, income redistribution, liberalism, macroeconomics, Marxist economics, Public Choice, rentseeking, technological progress Tags: British politics, climate alarmism, wind power
By Paul Homewood From The Telegraph: Labour’s green U-turn reflects the shifting sands of climate policy If you want to see how the politics of climate change are shifting, compare today with late 2009. In both cases, a general election was approaching. In October 2009, with the Copenhagen climate summit […]
Charles Moore: The political class is only just realising that voters prefer prosperity over climate jingoism
10 Feb 2024 Leave a comment
in development economics, economic growth, economic history, gender, growth miracles, macroeconomics, poverty and inequality Tags: The Great Enrichment, The Great Fact
08 Feb 2024 Leave a comment
in business cycles, econometerics, economic growth, inflation targeting, labour economics, macroeconomics, monetary economics, unemployment Tags: monetary policy
Standard models watched by economists at the Federal Reserve and elsewhere suggest that rates should now be lowerBy Justin Lahart of The WSJ. Excerpt:”So where should rates be? There has been a lot of focus recently on the long-term neutral rate—the just-right level of rates for when inflation is at the Fed’s 2% target, and…
What’s the Right Interest Rate for the Fed Anyway?
08 Feb 2024 Leave a comment
in budget deficits, business cycles, econometerics, economic growth, economic history, economics of bureaucracy, fiscal policy, inflation targeting, labour economics, macroeconomics, monetary economics, politics - New Zealand, Public Choice, unemployment Tags: monetary policy
I’ve been rather tied up with other stuff for the last few weeks (including here) which is why I’ve not previously gotten round to writing about the first piece of monetary policy communications from our Reserve Bank this year. That was the “speech” by the Bank’s chief economist (and MPC) member Paul Conway given to […]
The Conway speech
04 Feb 2024 Leave a comment
in economic growth, economic history, liberalism, macroeconomics Tags: space, The Great Enrichment
22 Jan 2024 Leave a comment
in applied price theory, budget deficits, comparative institutional analysis, development economics, economic growth, economic history, economics of bureaucracy, economics of regulation, fiscal policy, growth disasters, income redistribution, labour economics, liberalism, libertarianism, macroeconomics, Marxist economics, monetary economics, Public Choice, public economics, rentseeking Tags: Argentina
I give him a 30-40% chance, which is perhaps generous because I am rooting for him. Bryan Caplan, who is more optimistic, offers some analysis and estimates that Milei needs to close a fiscal gap of about five percent of gdp. I have two major worries. First, if Milei approaches fiscal success, the opposing parties […]
Will Milei succeed in Argentina?
22 Jan 2024 1 Comment
in applied price theory, development economics, economic growth, energy economics, environmental economics, global warming, macroeconomics Tags: climate alarmism
By Paul Homewood h/t Philip Bratby Even climatologists are beginning to realise that the emperor has no clothes! Economic growth as we know it is impossible if governments shift to 100 per cent renewable energy, a renowned French climatologist has said. Jean-Marc Jancovici, the author of World Without End, the […]
Shift to renewable energy would make economic growth impossible, says expert
19 Jan 2024 Leave a comment
in applied price theory, Austrian economics, comparative institutional analysis, constitutional political economy, development economics, economic growth, economic history, entrepreneurship, growth disasters, growth miracles, history of economic thought, labour economics, law and economics, macroeconomics, property rights Tags: Argentina
Argentina’s President Javier Milei had a warning for those attending the annual WEF meeting in Davos, Switzerland; ‘the Western world is in danger’ from ‘collectivist experiments’ such as Diversity, Equity and Inclusion (DEI), and has called on the world to reject socialism and instead embrace “free enterprise capitalism” to end global poverty. H/T zerohedge “Today, […]
Milei Speaks Truth to WEF Elite Power
15 Jan 2024 Leave a comment
in budget deficits, business cycles, economic growth, economic history, fiscal policy, great depression, history of economic thought, macroeconomics, monetary economics
Clara Mattei, associate professor of economics at the New School for Social Research, recently published a book, The Capital Order: How Economists Invented Austerity and Paved the Way to Fascism, (University of Chicago Press) in which she argues that the fiscal and monetary austerity imposed on Great Britain after World War I to restore the […]
Mattei Misjudges Hawtrey
10 Jan 2024 Leave a comment
in economic growth, economic history, entrepreneurship, labour economics, labour supply, macroeconomics, politics - New Zealand
In my post on Monday I drew attention (again) to the fact that New Zealand has made no progress at all in reversing the decline in relative economywide productivity (relative to other advanced countries) since what was hoped to be a turning point, with the inauguration of widespread economic reforms after the 1984 election. If anything, […]
Productivity woes….continued
08 Jan 2024 Leave a comment
in applied price theory, applied welfare economics, comparative institutional analysis, economic growth, economic history, fiscal policy, inflation targeting, international economics, labour economics, macroeconomics, monetary economics, politics - New Zealand
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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