There is no such thing as an empirical proof. Empirical observations and experiments are always open to doubt, even if to a miniscule extent. So the proof that 1+1=2 is not obtained by conducting a survey to observe all instances of 1 plus 1 objects, and seeing if they make 2. The proof that 1+1=2 […]
Proof that 1+1=2
Proof that 1+1=2
29 Sep 2024 Leave a comment
in economics of education Tags: philosophy of science
Phoebe Plummer of Just Stop Oil Sentenced to Two Years–JSO Sad
29 Sep 2024 Leave a comment
in economics of climate change, economics of crime, energy economics, environmental economics, environmentalism, global warming, law and economics Tags: British politics, climate activists, regressive left, useful idiots
hoebe and Anna have just been sentenced to 2 years and 20 months in prison respectively after throwing soup over the glass frame of Van Gogh’s ‘Sunflowers’.
Phoebe Plummer of Just Stop Oil Sentenced to Two Years–JSO Sad
The BBC once again won’t use the word “terrorists” for Hamas
28 Sep 2024 Leave a comment
in defence economics, economics of crime, economics of information, law and economics, laws of war, war and peace Tags: British politics, Gaza Strip, media bias, Middle-East politics, political correctness, regressive left, war against terror
This article just appeared in Spiked (click headline below to read), but you can see a similar piece in the Times of Israel. The upshot is that the BBC, which has long bridled at using the word “terrorists” for Hamas, is now bridling again when the Beeb itself shows a documentary about the Nova Music […]
The BBC once again won’t use the word “terrorists” for Hamas
Creative destruction again
28 Sep 2024 Leave a comment
in applied price theory, industrial organisation, labour economics, labour supply, managerial economics, occupational choice, organisational economics, personnel economics Tags: creative destruction, economics of pandemics
Another zero lower bound prediction bites the dust
28 Sep 2024 Leave a comment
in applied price theory, budget deficits, business cycles, economic growth, fiscal policy, history of economic thought, labour economics, macroeconomics, monetary economics, public economics, unemployment Tags: New Keynesian macroeconomics
Popular New Keynesian macroeconomic models predict that cuts in various types of distortionary taxes are contractionary when monetary policy is constrained at the zero lower bound. We turn to a long span of history in the United Kingdom to test this hypothesis. Using a new long-run dataset of narrative-identified tax changes from 1918to 2020, we […]
Another zero lower bound prediction bites the dust
Bernie Sanders prepares resolutions to punish Israel
28 Sep 2024 Leave a comment
in defence economics, International law, law and economics, laws of war, politics - USA, war and peace Tags: Gaza Strip, Israel, Middle-East politics, regressive left, useful idiots, war against terror
Forgive me if I put up two pieces on Israel’s wars today (i’m not sure what I’ll write about next), but it’s not only on my mind, it’s the main news besides the American election. (See the daily “Nooz” for this other stuff). I don’t like to use the words “self-hating Jew,” for I don’t […]
Bernie Sanders prepares resolutions to punish Israel
All the King’s Upgrades: There May Be Less Than Meets the Eye in the Adams Indictment
27 Sep 2024 Leave a comment
in economics of crime, law and economics, politics - USA
Below is my column in the New York Post on the indictment of Mayor Eric Adams. The most serious charges may be the foreign campaign contributions. However, the indictment is not nearly as overwhelming as suggested by the government. That may be why they are openly threatening Adams associates to cooperate or face ruin. Here […]
All the King’s Upgrades: There May Be Less Than Meets the Eye in the Adams Indictment
Proof that NZ’s Reserve Bank has Inflicted Unnecessary Pain up and down the Nation.
27 Sep 2024 Leave a comment
in business cycles, economic growth, fiscal policy, labour economics, macroeconomics, monetary economics, politics - New Zealand, politics - USA, unemployment Tags: economics of pandemics, monetary policy
In the past few hours, it has been stated that the US economy grew at a solid 3% rate last quarter, as given in the American government’s final estimate. New Zealand’s economy, on the other hand, shrank at a rate of -0.2%. The US Federal Funds rate (the equivalent of NZ’s Official Cash Rate, OCR)…
Proof that NZ’s Reserve Bank has Inflicted Unnecessary Pain up and down the Nation.
Debunking Hate-and-Envy Tax Policy
27 Sep 2024 Leave a comment
in applied price theory, economic growth, economic history, entrepreneurship, financial economics, fiscal policy, health and safety, income redistribution, labour economics, labour supply, law and economics, macroeconomics, occupational choice, politics - USA, poverty and inequality, property rights, Public Choice, public economics Tags: envy, regressive left, taxation and entrepreneurship, taxation and investment
On tax policy, our friends on the left are motivated by envy and hatred. As shown in this Stossel video, Robert Reich is a sad example of this mindset. John Stossel understates his argument. It’s not that Reich is wrong. He’s wildly wrong. There are four points in the video that deserve attention. It is […]
Debunking Hate-and-Envy Tax Policy
After 30 years, there is hope
27 Sep 2024 Leave a comment
in applied price theory, economics of bureaucracy, economics of regulation, environmental economics, environmentalism, income redistribution, law and economics, politics - New Zealand, property rights, Public Choice, rentseeking, transport economics, urban economics Tags: housing affordability, land supply, zoning
Chris Bishop and Simon Court announced: Two new laws will be developed to replace the Resource Management Act (RMA), with the enjoyment of property rights as their guiding principle, RMA Reform Minister Chris Bishop and Parliamentary Under-Secretary Simon Court say. “The RMA was passed with good intentions in 1991 but has proved a failure in […]
After 30 years, there is hope
Should we keep the wealthy non-diversified? (from my email)
27 Sep 2024 Leave a comment
in applied price theory, economic history, entrepreneurship, history of economic thought, human capital, income redistribution, industrial organisation, labour economics, labour supply, liberalism, Marxist economics, occupational choice, poverty and inequality, Public Choice Tags: top 1%
Byrne Hobart writes to me: One of the purposes of inheritance taxes is to avoid compounding intergenerational wealth. But The Missing Billionaires points out that if all of America’s millionaires had put their money in broad market indices in 1900, their heirs would number 16,000 billionaires, even accounting for taxes, splitting estates among multiple children, etc. So […]
Should we keep the wealthy non-diversified? (from my email)
Renault CEO says sector could face billions in fines as EV sales slow
27 Sep 2024 1 Comment
in economics of climate change, economics of regulation, energy economics, environmental economics, environmentalism, global warming, transport economics Tags: electric cars
By Paul Homewood h/t Hugh Sharman Europe might not have a ZEV Mandate, but car makers still can’t escape the clutches of the eco loons: PARIS, Sept 7 (Reuters) – Europe’s autos industry could face fines of 15 billion euros ($17.4 billion) for carbon emissions due to slowing demand for electric […]
Renault CEO says sector could face billions in fines as EV sales slow
Generation IV: New Reactor Design Makes Ever-Reliable Nuclear Safer Than Ever
26 Sep 2024 Leave a comment
in energy economics, environmental economics, global warming, resource economics Tags: nuclear energy
Generating power reliably around-the-clock, nuclear power has always made sense – ask the French, for starters. When compared against the chaotic intermittency of wind and solar, and their need for massive and endless subsidies, nuclear power generation wins hands down. If anything, the disaster unfolding in places where increasing wind and solar capacity has wrecked […]
Generation IV: New Reactor Design Makes Ever-Reliable Nuclear Safer Than Ever
Utopia, you are standing in it! 
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