https://www.facebook.com/share/DCbNepbxkihHkcxP/?mibextid=RXn8sy
24 Dec 2023 Leave a comment
in economics of media and culture, entrepreneurship, industrial organisation, movies, survivor principle, television Tags: creative destruction
Calls to ban free speech at Auckland University in New Zealand
24 Dec 2023 Leave a comment
in economics of crime, law and economics, liberalism, Marxist economics, politics - New Zealand Tags: Age of Enlightenment, free speech, law and order, political correctness, regressive left
Troubles continue at the University of Auckland as it’s being sued by a somewhat off-the-rails professor named Siouxsie (real name Susannah) Wiles. Wiles apparently made some statements about Covid-19 as a public communicator of science, statements that the public didn’t like. The result was that she claimed to be inundated with hate mail and threats. […]
Calls to ban free speech at Auckland University in New Zealand
Corporate Taxation, Ireland, and Jealousy
24 Dec 2023 Leave a comment
in applied price theory, economic growth, economic history, macroeconomics, public economics Tags: Ireland, taxation and entrepreneurship, taxation and investment
Two months ago, I wrote about a remarkable example of the Laffer Curve, involving Ireland’s low 12.5 percent corporate tax rate. According to the New York Times, Ireland was collecting so much corporate tax revenue that the government was having a hard time figuring out what to do with all the money (as you might […]
Corporate Taxation, Ireland, and Jealousy
When Wokes and Racists Actually Agree on Everything
23 Dec 2023 Leave a comment
in discrimination, liberalism, Marxist economics, politics - Australia, politics - New Zealand, politics - USA Tags: affirmative action, Age of Enlightenment, free speech, political correctness, racial discrimination, regressive left
Argentina Milei reform impressions
23 Dec 2023 Leave a comment
in applied price theory, budget deficits, business cycles, comparative institutional analysis, constitutional political economy, development economics, economic growth, economics of bureaucracy, economics of regulation, fiscal policy, growth disasters, history of economic thought, income redistribution, international economics, labour economics, law and economics, liberalism, libertarianism, macroeconomics, Marxist economics, monetary economics, property rights, Public Choice, public economics, rentseeking, unemployment Tags: Argentina
I didn’t have much time in Argentina, but I can pass along a few impressions about how Milei is doing, noting I hold these with “weak belief”: 1. He is pretty popular with the general population. He is also popular in B.A. in particular. People are fed up with what they have been experiencing. It […]
Argentina Milei reform impressions
FMI Public Speaker Series – Finn Kydland
23 Dec 2023 Leave a comment
in applied price theory, budget deficits, business cycles, comparative institutional analysis, development economics, economic growth, economic history, economics of bureaucracy, fiscal policy, global financial crisis (GFC), great depression, great recession, growth disasters, growth miracles, history of economic thought, human capital, income redistribution, labour economics, labour supply, macroeconomics, Public Choice, public economics, rentseeking
They Did Not Pass – The Battle Of Verdun Ends I THE GREAT WAR Week 126
22 Dec 2023 Leave a comment
in defence economics, war and peace Tags: World War I
Finn E. Kydland Nobel Lecture at CERGE-EI
22 Dec 2023 Leave a comment
in applied price theory, budget deficits, business cycles, comparative institutional analysis, development economics, economic growth, economic history, economics of regulation, fiscal policy, global financial crisis (GFC), great depression, great recession, growth disasters, growth miracles, history of economic thought, human capital, income redistribution, labour economics, labour supply, macroeconomics, monetary economics, Public Choice, public economics
Predictably, the Rush to Electric Cars Is Imploding
22 Dec 2023 Leave a comment
in energy economics, environmental economics, global warming, transport economics, urban economics
Anyone who tells you these power grabs aren’t coming is telling you not to believe your own eyes.
Predictably, the Rush to Electric Cars Is Imploding
Unconvincing
21 Dec 2023 Leave a comment
in business cycles, economic history, global financial crisis (GFC), great recession, history of economic thought, inflation targeting, macroeconomics, monetary economics, politics - New Zealand Tags: monetary policy
The Herald ran an op-ed yesterday under the heading “Why the Government’s new Reserve Bank mandate may lead to worse outcomes”. It was written by Toby Moore who served as an economic adviser in Grant Robertson’s office while he was Minister of Finance (a fact the Herald chose not to disclose to its readers). I’m more […]
Unconvincing
The California Sun is Setting on Exorbitant Rooftop Solar Subsidies
21 Dec 2023 Leave a comment
in energy economics, environmental economics, global warming Tags: solar power
Solar Net Energy Metering in California: From Rosy Inception to Rocky Realities
The California Sun is Setting on Exorbitant Rooftop Solar Subsidies
Central Banking and the Real-Bills Doctrine
21 Dec 2023 Leave a comment
in economic history, financial economics, great depression, history of economic thought, macroeconomics, monetary economics Tags: monetary policy
Robert Hetzel, a distinguished historian of monetary theory and of monetary institutions, deployed his expertise in both fields in his recent The Federal Reserve: A New History. Hetzel’s theoretical point departure is that the creation of the Federal Reserve System in 1913 effectively replaced the pre-World War I gold standard, in which the value […]
Central Banking and the Real-Bills Doctrine
Hawtrey on the Interwar Gold Standard
21 Dec 2023 Leave a comment
in business cycles, economic history, great depression, history of economic thought, macroeconomics, monetary economics
I just got a copy of Ralph Hawtrey’s Trade Depression and the Way Out (1933 edition, an expanded version of the first, 1931, edition published three days before England left the gold standard). Just flipping through the pages, I found the following tidbit on p. 9. The banking system of the world, as it was […]
Hawtrey on the Interwar Gold Standard
Harvard/Harris Poll: Majority of Democrats Want Hunter Prosecuted for Contempt
21 Dec 2023 Leave a comment
in economics of crime, law and economics, politics - USA Tags: 2024 presidential election
It appears that the concerted effort to excuse Hunter Biden’s defiance of a subpoena in the media has failed. According to a Harvard Caps/Harris poll, 71 percent of Americans believe that Hunter should be prosecuted for contempt of Congress. What is remarkable is that 54 percent of Democrats support his prosecution.
Harvard/Harris Poll: Majority of Democrats Want Hunter Prosecuted for Contempt
WMO’s missing CO2-climate correlation?
20 Dec 2023 Leave a comment
in environmental economics, global warming Tags: climate alarmism
The alarmist WMO has put out a graphic on X/Twitter showing hardly any global warming increase (in blue) between 1940 and the 1970s, followed by a clear transition (to red) since then. This doesn’t correlate with the monotonic CO2 rise during that period. Weather expert Joe Bastardi is delighted: ‘Merry Christmas from the World Meteorological […]
WMO’s missing CO2-climate correlation?
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