Celebrating humanity's flourishing through the spread of capitalism and the rule of law
01 Mar 2024 Leave a comment
in energy economics, environmental economics, global warming, industrial organisation, survivor principle Tags: celebrity technologies, wind power
Europe’s wind industry is in its death throes. Denmark’s Ørsted share price plummeted 25% late last year, and after slashing dividends to shareholders was forced to write $billions off the projected value of its US offshore projects, and its share price is still heading south. Europe’s turbine manufacturers are bleeding cash and their shares will […]
Europe’s Wind Industry Faces Total Oblivion & Slovakia Cans All Wind Projects
01 Mar 2024 Leave a comment
in economic growth, economics of bureaucracy, fiscal policy, macroeconomics, politics - New Zealand, Public Choice, public economics
01 Mar 2024 Leave a comment
in applied price theory, business cycles, fiscal policy, history of economic thought, job search and matching, macroeconomics, monetary economics Tags: real business cycle theory
Demand shocks as technology shocks: We provide a macroeconomic theory where demand for goods has a productive role. A search friction prevents perfect matching between producers and potential customers. Larger demand induces more search, which in turn increases GDP and measured TFP. We embed the product-market friction in a standard neoclassical model and estimate it […]
This kind of macro theory is underrated
01 Mar 2024 Leave a comment
in economics of crime, law and economics, politics - USA Tags: 2024 presidential election
Below is my column in the New York Post on the closed door deposition of Hunter Biden. After years of conflicting and evasive responses on these corruption allegations, Hunter Biden is now faced with a moment of truth.
A Moment of Truth: Five Questions for Hunter Biden
29 Feb 2024 Leave a comment
in economics of crime, law and economics, politics - USA Tags: 2024 presidential election
Yesterday, the Supreme Court granted review of the presidential immunity question, but set an expedited schedule for the review of the question with oral argument scheduled for April. Former president Donald Trump wrote on Truth Social that “Legal Scholars are extremely thankful for the Supreme Court’s Decision today to take up Presidential Immunity.” As I […]
“Craven” and “Insurrectionists”: MSNBC’s Rachel Maddow and Other Denounce the Supreme Court for Granting Review of Presidential Immunity
29 Feb 2024 Leave a comment
in economic history, environmental economics, labour economics, labour supply, population economics Tags: ageing society, economics of fertility, economics of immigration, population bust
The Congressional Budget Office has published The Demographic Outlook: 2024 to 2054 (January 2024), which offers some recent history and projections of how the US population is evolving. Here are three snapshots: The Role of Immigration in Total US Population Growth The black line shows projected US population growth since 2004, with firm data up…
Three Snapshots of Where US Population is Headed
29 Feb 2024 Leave a comment
in applied price theory, comparative institutional analysis, economic history, industrial organisation, survivor principle Tags: creative destruction
I’ve referred to “creative destruction” as the “best and worst part of capitalism.” This short video from the Fraser Institute is a good tutorial on the topic. The core message is that entrepreneurs improve our lives by coming up with new ideas, new technologies, and new products. That’s the good news. The bad news is […]
The Economics of Creative Destruction, Part II
29 Feb 2024 Leave a comment
in energy economics, environmental economics, global warming Tags: British politics
From NOT A LOT OF PEOPLE KNOW THAT By Paul Homewood h/t Philip Bratby Of all the problems with electric cars, perhaps the least expected was the revelation that some home charging points provide a potential point of weakness for malign foreign powers to interfere with our National Grid. Last week, the Office for Product Safety […]
The UK is much closer to blackouts than anyone dares to admit
28 Feb 2024 Leave a comment
in economics of bureaucracy, health economics, law and economics, politics - New Zealand, property rights, Public Choice, rentseeking
The Productivity Commission will cease operations tomorrow, to make way for the new Ministry for Regulation. On the same day, the Waitangi Tribunal will begin an urgent inquiry into the government’s proposal to disestablish the Māori Health Authority. But legislation passed under urgency by Parliament will result in the authority being shut down by the end […]
Productivity Commission gone tomorrow, Māori Health Authority gone in June – so what should we do with the Waitangi Tribunal?
28 Feb 2024 Leave a comment
in development economics, energy economics, environmental economics, global warming Tags: unintended consequences
See One Country’s Dream of EV-Driven Prosperity Helps Fuel a Coal Binge Instead: Indonesia pitches its plan to leverage natural resources as a model for other developing nations by Jon Emont of The WSJ. Excerpts:”A few years ago, Indonesia set out to turn its treasure trove of nickel into an electric-car manufacturing boom.It imposed a sweeping…
Life is full of tradeoffs: if we want more nickel to make EV batteries we might have to use more coal
28 Feb 2024 Leave a comment
in energy economics, entrepreneurship, environmental economics, financial economics, global warming Tags: active investing
For fund managers, it may violate their fiduciary responsibility (to maximize returns) to their shareholders. Apparently, the legal risk is too big for JP Morgan, State Street, and BlackRock: Asset managers have been walking a fine legal line. GOP Attorneys General in 2022 warned that they might be violating their fiduciary obligations and antitrust laws.…
Is ESG investing illegal?
28 Feb 2024 Leave a comment
in energy economics, environmental economics, global warming Tags: Australia, wind power
“… the pace of the renewables coming forward is too slow, relative to the ambitions articulated for the nation …”
Aussie Energy Execs Urge a Coal Backup “Safety Net” to Ease the Net Zero Transition
28 Feb 2024 Leave a comment
in economics of information, economics of media and culture, entrepreneurship, industrial organisation, liberalism, Marxist economics, politics - USA, survivor principle Tags: free speech, media bias, political correctness, regressive left
Former New York Times editor Adam Rubenstein has a lengthy essay at The Atlantic that pulls back the curtain on the newspaper and its alleged bias in its coverage. The essay follows similar pieces from former editors and writers that range from Bari Weiss to Rubenstein’s former colleague James Bennet. The essay describes a similar […]
“We Don’t Do That Here.”: Former NY Times Editor Blasts the “Gray Lady” for Bias and Activism
28 Feb 2024 Leave a comment
in applied price theory, economics of information, entrepreneurship, health economics Tags: adverse selection, health insurance, moral hazard, screening, self-selection, signaling
Genetic testing identifies disease risk, enabling individuals to dodge environmental triggers, optimize treatments, and improve planning. Yet, the fear of increased insurance premiums deters many from undergoing tests. Genetic testing offers societal benefits but also presents significant distributional challenges. To address this, my 1994 paper proposed the idea of genetic insurance. For a small fee […]
Genetic Insurance
27 Feb 2024 Leave a comment
in applied price theory, economic history, economics of regulation, politics - USA, urban economics Tags: land supply, zoning
In a post from July 2021, I discussed housing affordability and “zoning taxes” — in other words, how land use restrictions such as zoning were driving up the cost of housing in some US cities. San Francisco, Los Angeles, Seattle, and New York stood out as the clear outliers, with “zoning taxes” adding several multiples […]
The US Housing Market Is Very Quickly Becoming Unaffordable
Econ Prof at George Mason University, Economic Historian, Québécois
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
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
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
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
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Res ipsa loquitur - The thing itself speaks
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The truth about the great wind power fraud - we're not here to debate the wind industry, we're here to destroy it.
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
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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