Celebrating humanity's flourishing through the spread of capitalism and the rule of law
17 Jul 2024 Leave a comment
in development economics, economic history, growth disasters, growth miracles, labour economics, labour supply, population economics Tags: China, economics of fertility
I’m in China this week, teaching about fiscal policy, convergence theory, and inequality at Northeastern University in Shenyang. So it’s a good opportunity to write about some pluses and minuses of Chinese economic policy. We’ll start this series by looking at demographics, which almost surely is the biggest long-run challenge for Chinese policymakers. How big […]
Chinese Economic Policy, Part I: The Demographic Challenge
17 Jul 2024 Leave a comment
in energy economics, environmental economics, global warming Tags: British politics, climate alarmism
By Paul Homewood As I revealed yesterday, we will still need gas for years to come: Britain will be forced to rely on natural gas for years to come, National Grid has said, in a blow to Sir Keir Starmer’s green energy ambitions. Demand for gas is now expected to be at […]
National Grid: Britain will remain dependent on gas for years
16 Jul 2024 Leave a comment
in econometerics, politics - USA Tags: 2024 presidential election
CNN Interview of Rutgers Statistics professor, Harry Crane. Below are graphs of the prices of a Trump, Biden, and Harris futures contracts that pays out $1 if they become President. In the last day, the Trump contract has increased by 6¢, indicating a 6% increase in President Trump’s election chances. The blue bars indicate the…
Ignore the polls, prediction markets have Trump at 66% chance of winning the election
16 Jul 2024 Leave a comment
in economics of education Tags: conjecture and refutation, philosophy of science
16 Jul 2024 Leave a comment
in economics of religion, liberalism, politics - New Zealand Tags: Age of Enlightenment, free speech, Freedom of religion, political correctness, regressive left
This item, from the Breaking Views website in New Zealand, is one of the rare cases of a Kiwi speaking up against forcible adherence to Māori customs on the job—in this case, saying Māori prayers. First, “Health New Zealand,” the organization in question, is a government agency that, according to its own description: . . […]
Health New Zealand “encourages” its employees to say Māori prayers daily
16 Jul 2024 Leave a comment
in development economics, energy economics, environmental economics, global warming, growth miracles Tags: China, wind power
The UK equivalent of China’s restrictions on renewable power generation would mean even larger constraint payments than the current £billions, and even bigger increases in costly transmission lines than already happening or planned. But that’s the implication of pushing ever harder for mythical net zero targets, resulting in greater fluctuations between excessive electricity and shortage […]
China’s renewable energy surge strains power grid – a warning to ‘net zero’ advocates
15 Jul 2024 Leave a comment
in defence economics, economics of crime, International law, law and economics, laws of war, liberalism, Marxist economics, war and peace Tags: Gaza Strip, Israel, Middle-East politics
We hear a lot about the “war crimes of Israel and the IDF”; in fact, that’s about all we hear on campus regarding the war. And it is these “war crimes” that have brought the world’s opprobrium down on Israel, even though they are not war crimes. Yes, an odd IDF soldier might commit a […]
The (ignored) war crimes of Hamas
15 Jul 2024 Leave a comment
in economics of bureaucracy, economics of education, law and economics, liberalism, Marxist economics, politics - New Zealand, Public Choice Tags: Age of Enlightenment, conjecture and refutation, free speech, philosophy of science, political correctness, regressive left
Grant Duncan writes: University management should take note of that, as there have been unrealistic efforts to force poorly defined “Treaty obligations” into teaching and research. For example, one university is now telling its academic staff that all curricula should, as a high priority, be “designed, developed and delivered in authentic partnerships with Māori [and] […]
Universities and the Treaty
15 Jul 2024 Leave a comment
in economics of education, environmental economics, global warming Tags: Greenland
.PBS NewsHour Here is the transcript JUDY WOODRUFF: Scientists working in Greenland have identified the oldest samples of DNA ever found on Earth. By analyzing this two-million-year-old genetic material, they have revealed how Northern Greenland was once a wildly different environment than the cold polar region it is today, one teeming with ancient wildlife and […]
Discovery of 2-million-year-old DNA in Greenland reveals new details about ancient life
15 Jul 2024 Leave a comment
in applied price theory, applied welfare economics, comparative institutional analysis, economic history, economics of bureaucracy, economics of regulation, income redistribution, law and economics, politics - USA, property rights, Public Choice, rentseeking, urban economics Tags: housing affordability, land supply, zoning
I pitch Build, Baby, Build in today’s New York Times. No illustrations, but a bunch of cool graphs cooked up by Sara Chodosh of the NYT data analytics team. The original title was “The Panacea Policy,” but now it’s “Yes in My Backyard: The Case For Housing Deregulation.” And for you, dear readers, it’s ungated!…
BBB in the NYT
15 Jul 2024 Leave a comment
in economics of crime, law and economics, politics - USA Tags: 2024 presidential election
Below is my column on the assassination attempt of former president Donald Trump. We all watched as the horrific scene unfolded on television. It was a traumatic moment for the entire country, but it was hardly surprising given this age of rage. We are still learning about the suspected shooter, Thomas Matthew Crooks, 20, was […]
The Attempted Assassination of Trump is Not Nearly as Surprising as it Should Be
15 Jul 2024 Leave a comment
in applied price theory, comparative institutional analysis, economic history, economics of regulation, income redistribution, law and economics, politics - USA, property rights, Public Choice, rentseeking, urban economics Tags: rent control
I’m not a political pundit, but I’m guessing that yesterday’s despicable assassination attempt on Donald Trump increases the likelihood that he reclaims the White House. That’s probably not good news for trade policy (though Biden has been just as bad), but it will be very good news for housing policy. Not because of what Trump […]
Biden’s Desperate Vote-Buying Proposal for Nationwide Rent Control
14 Jul 2024 Leave a comment
in health economics, liberalism, Marxist economics Tags: British politics, free speech, political correctness, regressive left
If you’ve followed this website regularly, you’ll know that the UK’s Cass Review, which evaluated and criticized the NHS’s treatment of gender dysphoria, has been widely accepted in the UK, causing the country to slow down on “affirmative care”, following the lead of other European countries. No longer will the NHS run a conveyer belt […]
Pamala Paul: Ideology impedes gender treatement in U.S.
14 Jul 2024 Leave a comment
in development economics, energy economics, environmental economics, global warming, growth miracles Tags: China, solar power, wind power
By Paul Homewood h/t Ian Magness Today’s misinformation from the Guardian: The amount of wind and solar power under construction in China is now nearly twice as much as the rest of the world combined, a report has found. Research published on Thursday by Global Energy Monitor (GEM), an NGO, […]
China Still Lagging Way Behind The UK On Renewable Energy
14 Jul 2024 Leave a comment
in applied price theory, comparative institutional analysis, economics of bureaucracy, income redistribution, Public Choice, rentseeking
One of my favorite economic journal articles is by Barry Weingast and has the short title “Market Preserving Federalism” (MPF). In this paper, Weingast lays out the conditions necessary for two tenuous equilibria: A) Federalism & B) Federalism that preserves a market economy. Given that we just celebrated Independence Day in the USA, it seems […]
Market Preserving Federalism in the USA
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