I was delighted to share a stage with Prof Mario Rizzo, co-author of Escaping Paternalism and other fine works, at the IEA earlier this year. I never got around to posting the video, but here it is. Mario is an articulate critique of behavioural economics and “nudge” policies. I also mentioned his work on the slippery slope…
Mario Rizzo on behavioural economics
Mario Rizzo on behavioural economics
14 Sep 2025 1 Comment
in applied price theory, Austrian economics, behavioural economics
The British War on Slavery
13 Sep 2025 1 Comment
in defence economics, economic history, international economics, law and economics, liberalism, war and peace Tags: age of empires, economics of colonialism, economics of slavery
In August of 1833 the British passed legislation abolishing slavery within the British Empire and putting more than 800,000 enslaved Africans on the path to freedom. To make this possible, the British government paid a huge sum, £20 million or about 5% of GDP at the time, to compensate/bribe the slaveowners into accepting the deal. […]
The British War on Slavery
When Words No Longer Matter: Nancy Pelosi and Politics of Violence
13 Sep 2025 Leave a comment
in economics of crime, law and economics, liberalism, Marxist economics, politics - USA Tags: free speech, law and order, political correctness, regressive left
It appears that words no longer matter to Nancy Pelosi. For years, Pelosi and other Democrats have blamed President Donald Trump and Republicans for their “inciteful rhetoric.” In seeking Trump’s impeachment, Pelosi bellowed that the use of “words such as a cry ‘to fight like hell’” produces violence and added, “words matter. Truth matters. Accountability […]
When Words No Longer Matter: Nancy Pelosi and Politics of Violence
Red Tape and Unintended Consequences
13 Sep 2025 Leave a comment
in applied price theory, economics of bureaucracy, economics of regulation, environmental economics, income redistribution, labour economics, labour supply, law and economics, occupational regulation, property rights, Public Choice, rentseeking Tags: France
I’ve written endlessly about the negative effect of high tax rates on productive behavior, as well as some quirky examples of how taxes lead to some unintended consequences. Today, let’s consider how government regulations distort behavior. We’ll start with a video from Reason about government policies that backfire. In this case, note the second example. […]
Red Tape and Unintended Consequences
The Criminalization of Conscience
13 Sep 2025 Leave a comment
in defence economics, economics of crime, law and economics Tags: war against terror
What Happens When You Have an Unjust Law A Halfling writes – This article focusses on the way that terrorism legislation and the designation of entities as terrorist organisations can have a chilling effect upon other civil liberties. I should make it clear that because the article concentrates on the group Palestine Action does not […]
The Criminalization of Conscience
Outstanding questions
13 Sep 2025 1 Comment
in economics of bureaucracy, financial economics, inflation targeting, macroeconomics, monetary economics, politics - New Zealand, Public Choice
A couple of nights ago, shortly after the Minister and Treasury finally released the suite of texts between Willis and Rennie, ZB featured interviewer Heather du Plessis-Allan talking to Herald journalist Jenee Tibshraeny (who has been over the Orr/Quigley/Willis saga issue from day one). There wasn’t anything concrete that was new in the conversation but […]
Outstanding questions
BBC report on ‘pro-Palestine activists’ omits link to proscribed group
12 Sep 2025 Leave a comment
in defence economics, economics of crime, law and economics, war and peace Tags: British politics, free speech, Gaza Strip, Middle-East politics, political correctness, regressive left, war against terror
A report published on the BBC News website’s ‘England’ and ‘Bradford’ pages on September 6th purports to inform readers about a legal case. Titled “Pro-Palestine activists sentenced over protest”, that uncredited article tells BBC audiences that: [emphasis added] “A group of pro-Palestine activists who staged a seven-hour protest on the roof of an aerospace and […]
BBC report on ‘pro-Palestine activists’ omits link to proscribed group
Could China Have Gone Christian?
12 Sep 2025 Leave a comment
in economic history, economics of religion Tags: China
The Taiping Rebellion is arguably the most important event in modern history that even educated Westerners know very little about. It’s also known as the Taiping Civil War and it was one of the largest conflicts in human history (1850–1864), with death toll estimates ranging from 20 to 30 million, far exceeding deaths in the […]
Could China Have Gone Christian?
Why Fossil Fuels Still Rule
12 Sep 2025 1 Comment
Kite & Key explain in their video, transcript in italics with my bolds and added images. Tech executives. Heads of state. Brilliant scientists and engineers. They’re some of the most talented and respected individuals in the world — and, in recent years, they’ve all come together behind a common purpose. They’ve marshaled their talents — […]
Why Fossil Fuels Still Rule
Mises, Bastiat, Public Opinion, and Public Choice
12 Sep 2025 Leave a comment
in applied price theory, Austrian economics, Public Choice
20th anniversary of my prize-winning paper with Ed Stringham
Mises, Bastiat, Public Opinion, and Public Choice
💰 Inflation, Debt & The Future of the Economy | A Conversation with John Cochrane
12 Sep 2025 1 Comment
in budget deficits, business cycles, currency unions, fiscal policy, history of economic thought, inflation targeting, macroeconomics, Milton Friedman, monetarism, monetary economics Tags: monetary policy
Vernon Smith on Donald Trump’s Protectionism
11 Sep 2025 Leave a comment
in applied price theory, development economics, economic history, economics of bureaucracy, history of economic thought, income redistribution, international economics, politics - USA, Public Choice, rentseeking Tags: free trade, tariffs
TweetMy emeritus Nobel-laureate colleague, Vernon Smith, sent the following email to me in response to this post. I share Vernon’s note with his kind permission. Don, Trump, like all businesspersons turned political, wants government favors, that is Mercantilism which is as bad today as when Adam Smith railed against such cozy relationships. Same for labor…
Vernon Smith on Donald Trump’s Protectionism
270 Deception and Psychopathy Robert Trivers EP 270
11 Sep 2025 Leave a comment
in discrimination, economics of education, gender, population economics Tags: evolutionary biology
Greens say taxing supermarkets more will lower food prices!
10 Sep 2025 Leave a comment
in applied price theory, economics of regulation, industrial organisation, Marxist economics, politics - New Zealand, Public Choice, public economics Tags: competition law
Radio NZ reports: But the Greens’ commerce and consumer affairs spokesperson Ricardo Menéndez March told RNZ that was only “one part of the puzzle” and the government needed to explore all its options – including breaking up the supermarket duopoly. “While we support having new players in the market, Nicola Willis is banking on big […]
Greens say taxing supermarkets more will lower food prices!
10 great questions the Royal Commission should ask
10 Sep 2025 Leave a comment
in health economics, politics - New Zealand Tags: economics of pandemics
Two professors of economics have 10 questions they would have out to former Ministers about Covid-19. Hopefully these have been put by the Royal Commission. They are: I will be very disappointed if questions like these were not put to the former Ministers.
10 great questions the Royal Commission should ask
Utopia, you are standing in it! 
Recent Comments