Celebrating humanity's flourishing through the spread of capitalism and the rule of law
23 Jul 2024 Leave a comment
in fiscal policy, macroeconomics, monetary economics, politics - New Zealand, public economics Tags: monetary policy
Government departments are now all required by law to write and publish a Long-term Insights Briefing at least every three years. and they have to consult the public on both choice of topic and the draft report The Public Service Commission gives its take on these provisions here Count me more than a little sceptical. […]
Treasury wanting to use fiscal policy more
23 Jul 2024 Leave a comment
in applied price theory, econometerics, human capital, labour economics, labour supply, occupational choice, poverty and inequality Tags: basic income
By Eva Vivalt, Elizabeth Rhodes, Alexander W. Bartik, David E. Broockman, Sarah Miller, Here is the link, but I am still sleeping. Here is the abstract: We study the causal impacts of income on a rich array of employment outcomes, leveraging an experiment in which 1,000 low-income individuals were randomized into receiving $1,000 per month […]
The employment effects of a guaranteed income
23 Jul 2024 Leave a comment
in applied price theory, entrepreneurship, income redistribution, Public Choice, public economics Tags: France, regressive left, taxation and entrepreneurship, taxation and investment
Some folks on the left have a deep-seated resentment of successful investors, entrepreneurs, business owners, and other high-income people. They want to hit them with confiscatory tax rates, even if the tax is so punitive that the government doesn’t wind up with more revenue. Heck, some of them are so consumed by hate and envy […]
Will France Opt for Bernie Sanders-Style Taxation?
22 Jul 2024 Leave a comment
in law and economics, politics - USA Tags: 2024 presidential election, constitutional law
Below is my Hill column on President Joe Biden shifting his position on the Supreme Court and agreeing to “limits” on the Supreme Court. This ran before President Biden finally consented to withdraw from the race. It makes this last ditch effort even more tragic for his legacy. As I mentioned in the column, the […]
Supreme Folly: The Lingering and Ironic Legacy of President Biden on Court “Limits”
22 Jul 2024 Leave a comment
in applied price theory, economics of regulation, law and economics, macroeconomics, monetary economics, politics - New Zealand, property rights, urban economics Tags: housing affordability, land supply, monetary policy
The Minister of Housing’s ambition is to reduce markedly the ratio of house prices to household incomes. If his strategy works it would transform the housing market, dramatically changing the prospects of housing as an investment. Brian Easton writes – Leaving aside the Minister’s metaphor of ‘flooding the market’ I do not see how the […]
Flooding Housing Policy
22 Jul 2024 Leave a comment
in economics of crime, energy economics, environmental economics, environmentalism, global warming, law and economics Tags: British politics, climate activists
If they release Just Stop Oil, they’ll upset the voters. If they keep JSO activists incarcerated, they’ll upset the donors.
British Labour Government Pressured to Release Just Stop Oil “Truth Tellers”
22 Jul 2024 Leave a comment
in economics of crime, energy economics, environmental economics, environmentalism, global warming, law and economics Tags: British politics, climate activists
7 weeks of rain and 5 years in prison By Klimanachrichten Five years ago, we published an article about Roger Hallam in this blog. He is the founder of XTinction Rebellion and an activist with Stop Oil. Interestingly, these groups are/were funded with money from oil heirs. Already in 2019 we had many doubts about…
XR Founder Roger Hallam Sentenced 5 Years In Prison For Blocking M25 Motorway In 2022
22 Jul 2024 Leave a comment
in comparative institutional analysis, economic history, income redistribution, International law, law and economics, politics - New Zealand, property rights, Public Choice, rentseeking Tags: constitutional law, Maori economic development
Anyone watching and trying to understand last Sunday’s Q&A where Jack Tame interviewed Debbie Ngarewa-Packer will realise that she seems to be beyond reason. Tame tried to examine bits of her blather and her obvious misuse of words, but she immediately slithered like an eel under a rock and made louder assertions about how Maori “korero”…
MICHAEL BASSETT: DEALING WITH TODAY’S SMALL, RAUCOUS, CRAZY MAORI FRINGE
21 Jul 2024 Leave a comment
in economic history, economics of media and culture, law and economics, liberalism, Marxist economics, movies, politics - USA Tags: free speech, political correctness, regressive left
There is a new NBER working paper on this topic by Hui Ren Tan and Tianyi Wang, here is the abstract: We study a far-reaching episode of demagoguery in American history. From the late 1940s to 1950s, anti-communist hysteria led by Senator Joseph McCarthy and others gripped the nation. Hundreds of professionals in Hollywood were […]
Hollywood evidence on McCarthyism
21 Jul 2024 Leave a comment
in defence economics, war and peace Tags: Nazi Germany, World War II
The 20 July Plot, also known as Operation Valkyrie, represents one of the most significant assassination attempts against Adolf Hitler during World War II. This daring endeavor was orchestrated by a group of high-ranking German officers, who, motivated by a combination of moral outrage and pragmatic considerations, sought to eliminate the Führer and bring an […]
The 20 July Plot @ 80
21 Jul 2024 Leave a comment
in energy economics, environmental economics, environmentalism, global warming, health economics Tags: climate activists, cranks, political correctness, regressive left
…aspiring to be a planet-saving superhero risks undermining the commitments that doctors make: make doctors doctors again. Physicians, heal thyselves!
Climate Warriors are Colonising Medicine
21 Jul 2024 Leave a comment
in applied price theory, economics of information, economics of regulation, industrial organisation, law and economics, politics - New Zealand, property rights Tags: consumer protection
The Green Party has a Member’s Bill up arguing for a consumer right of repair; Auckland University’s Alex Sims has written a few columns in support of such a thing. I’d had an email asking about that legislation; figured I’d share my response here – tidied up a bit.If it’s more expensive to produce a product…
Right to Repair
21 Jul 2024 Leave a comment
in business cycles, fiscal policy, great depression, great recession, history of economic thought, job search and matching, labour economics, labour supply, macroeconomics, monetary economics, unemployment
Edmund Phelps won the Nobel prize in economics in 2006 for “for his analysis of intertemporal tradeoffs in macroeconomic policy.” However, he has spent a considerable chunk of this time in the last few decades musing over strengths and weaknesses of capitalism and, more generally, a dynamic economy. Jon Hartley interviews Phelps on both topics,…
Interview with Edmund Phelps: Macro and Capitalism
21 Jul 2024 Leave a comment
in income redistribution, law and economics, liberalism, Marxist economics, politics - New Zealand, Public Choice, rentseeking Tags: British politics
There are many lessons for New Zealand in last week’s British election result, which saw the 14-year reign of the Conservative Party ending in a crushing defeat. While the number of seats won by Labour appeared to indicate a huge swing to the left in support of Sir Keir Starmer’s Party, that isn’t the case […]
Lessons from the UK
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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Celebrating humanity's flourishing through the spread of capitalism and the rule of law
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