Celebrating humanity's flourishing through the spread of capitalism and the rule of law
19 Apr 2026 Leave a comment
in economics of climate change, energy economics, environmental economics, environmentalism, global warming, politics - USA
The above video includes a conversation between Bjorn Lomborg and Scott Bessent at the annual IIF gathering (Institute of International Finance). The introduction by IIF CEO Tim Adams starts about 11 minutes in. For those who prefer reading, below is a lightly edited transcript of comments back and forth, along with some added images. TA […]
IMF and World Bank Misled by Climate Obsession (Lomborg, Bessent)
19 Apr 2026 1 Comment
in energy economics, environmentalism, politics - Australia Tags: solar power, wind power
Driving Australia’s current trajectory is the mythical claim that so-called renewables – are inherently cheap and that any short‑term pain will give way to lasting price declines. The post Australia’s ‘Renewable’ Obsession Decimates Industry appeared first on Watts Up With That?.
Australia’s ‘Renewable’ Obsession Decimates Industry
19 Apr 2026 Leave a comment
in applied price theory, econometerics, entrepreneurship, fiscal policy, human capital, income redistribution, labour economics, labour supply, macroeconomics, poverty and inequality, Public Choice, public economics Tags: taxation and entrepreneurship, taxation and investment, taxation and labour supply
In Part I of this series back in 2014, we looked at some academic research from Canada showing that the revenue-maximizing tax rate on the richest taxpayers was 27.5 percent. A key insight from that research is that high-income taxpayers have considerable control over the timing, level, and composition of their income (just like in […]
The Laffer Curve and Limits to Class Warfare Tax Policy, Part II
18 Apr 2026 Leave a comment
in economics of climate change, economics of regulation, energy economics, environmental economics, environmentalism, global warming Tags: solar power, wind power
A central theme in Ridley’s argument is the failure of renewable energy—particularly wind and solar—to deliver reliable and scalable solutions. He described these sources as inherently intermittent and argued that “the transition to them is simply failing to materialize.” While not dismissing renewable energy outright, he questioned why concern about climate change is often equated…
Matt Ridley thinks the Climate Parrot is almost dead
18 Apr 2026 Leave a comment
in applied price theory, economic history, history of economic thought, income redistribution, industrial organisation, international economics, labour economics, labour supply, politics - USA, poverty and inequality, Public Choice, rentseeking, survivor principle Tags: creative destruction, free trade, tarrifs
In our textbook, Modern Principles, Tyler and I emphasize that Congress and the President are subject to a higher law, the law of supply and demand. In an excellent column, Jason Furman gives a clear example of how difficult it is to fight the law of inelastic demand: …Today a given number of autoworkers can…
The President(s) Fought the Law and the Law Won
17 Apr 2026 Leave a comment
In 1992, the U.S. Supreme Court held in Eastman Kodak Co. v. Image Technical Services that a firm without market power in photocopiers might still possess market power in photocopier parts and service. The Court’s logic turned on opportunistic hold-up: Kodak could profit by trading short-run exploitation of locked-in customers for long-run losses in equipment…
‘Market Power in Antitrust: Economic Analysis after Kodak,’ by Benjamin Klein
17 Apr 2026 Leave a comment
in applied price theory, economics of regulation, history of economic thought, industrial organisation, law and economics, politics - USA Tags: competition law
In 1992, the U.S. Supreme Court held in Eastman Kodak Co. v. Image Technical Services that a firm without market power in photocopiers might still possess market power in photocopier parts and service. The Court’s logic turned on opportunistic hold-up: Kodak could profit by trading short-run exploitation of locked-in customers for long-run losses in equipment…
‘Market Power in Antitrust: Economic Analysis after Kodak,’ by Benjamin Klein
17 Apr 2026 Leave a comment
in business cycles, Edward Prescott, entrepreneurship, financial economics, global financial crisis (GFC), great recession, history of economic thought, human capital, labour economics, macroeconomics, monetary economics, occupational choice, Robert E. Lucas
Tim Sablik of the Richmond Fed interviews “Ellen McGrattan: On measuring what businesses do, developing effective tax policy, and searching for answers beyond the lamppost” (Econ Focus: Federal Reserve Bank of Richmond, First/Second Quarter 2026). Here are a few of the comments that caught my eye: How did McGrattan become interested in business cycles? In…
Interview with Ellen McGrattan: Business Cycles and Intangible Capital
17 Apr 2026 Leave a comment
in applied price theory, history of economic thought, industrial organisation, international economics
TweetIdeally, every government would implement a policy of unilateral free trade. But governments, of course, by their nature testify that reality is very far from ideal. Here’s a letter to a long-time correspondent. Mr. B__: Thanks for your email in response to this blog post of mine in which I express support for the World…
Harnessing Mercantilist Idiocy for the Public Good
17 Apr 2026 Leave a comment
in applied price theory, economics of media and culture, economics of regulation, entrepreneurship, industrial organisation, law and economics, managerial economics, market efficiency, movies, organisational economics, politics - USA, television Tags: competition law, creative destruction, merger law enforcement
Big mergers make headlines. They don’t always make antitrust problems. In a previous commentary, I explored the antitrust implications of a potential acquisition of Warner Bros. Discovery (WBD). That uncertainty is now resolved. On Feb. 27, Paramount Skydance Corp. agreed to acquire WBD for roughly $110 billion in enterprise value—$31 per share, all cash. The…
The Paramount Question Isn’t Paramount
17 Apr 2026 Leave a comment
in energy economics, environmentalism Tags: British politics, solar power
By Paul Homewood h/t Philip Bratby Some of us have been warning about this for a long while! From the Telegraph: Energy chiefs are drawing up plans to stop the electricity grid being overwhelmed by solar power this summer. The National Energy System Operator (Neso) said it would be forced to use “more tools, more […]
Solar power threatens to overwhelm electricity grid
16 Apr 2026 Leave a comment
in economics of climate change, environmental economics, environmentalism, global warming
Abrupt climate change also occurred naturally in the past The following video from the “Klimaschau” series (No. 256), published by the European Institute for Climate and Energy (EIKE), addresses the question of whether abrupt climate changes in the past were natural or man-made. Image cropped here. The claim of an unprecedented speed of climate change…
Abrupt Climate Change Also Occurred NATURALLY In The Past …25 Times During Last Ice Age
16 Apr 2026 Leave a comment
in discrimination, gender, politics - New Zealand, sports economics Tags: sex discrimination
A guest post by Ro Edge, New Zealand Spokesperson, Save Women’s Sport Australasia (SWSA): The decision by the International Olympic Committee to restore the core purpose of women’s sport: providing biological females with a fair and safe arena to compete, is long-overdue. For years, many sporting bodies adopted the IOC’s earlier open-door policy, leading to…
Guest Post: IOC Restores Common Sense to Women’s Sport – Now It’s Time for New Zealand to Follow Suit
16 Apr 2026 Leave a comment
in applied price theory, development economics, economics of crime, economics of regulation, law and economics, transport economics, urban economics Tags: Mexico
But the cartel’s interests may prove just as important to security as government efforts, according to a dozen local and state officials and security experts. The CJNG has much to gain from the regional economic boost of a successful tournament in Guadalajara — akin to its administrative headquarters — and much to lose from drawing…
Incentives matter, Mexican cartel edition
15 Apr 2026 Leave a comment
in defence economics, economics of crime, law and economics, laws of war, war and peace Tags: Nazi Germany, The Holocaust, World War II
On April 15, 1945, British forces, including units of the British Second Army and the 11th Armoured Division, entered Bergen-Belsen and liberated the remaining prisoners. The sight that greeted the liberators was horrifying. They found tens of thousands of emaciated and diseased prisoners, along with thousands of unburied corpses strewn throughout the camp. The liberation […]
April 15, 1945—Bergen-Belsen Liberated
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
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
A History of the Alt-Right
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
Why Evolution is True is a blog written by Jerry Coyne, centered on evolution and biology but also dealing with diverse topics like politics, culture, and cats.
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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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
WORLD WAR II, MUSIC, HISTORY, HOLOCAUST
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Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Res ipsa loquitur - The thing itself speaks
In Hume’s spirit, I will attempt to serve as an ambassador from my world of economics, and help in “finding topics of conversation fit for the entertainment of rational creatures.”
Researching the House of Commons, 1832-1868
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Small Steps Toward A Much Better World
“We do not believe any group of men adequate enough or wise enough to operate without scrutiny or without criticism. We know that the only way to avoid error is to detect it, that the only way to detect it is to be free to inquire. We know that in secrecy error undetected will flourish and subvert”. - J Robert Oppenheimer.
Utopia, you are standing in it! 
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