Create a Black Market the Easy Way!
20 May 2022 Leave a comment
in applied price theory, applied welfare economics, comparative institutional analysis, economic history, economics of natural disasters, economics of regulation Tags: offsetting behaviour, price controls, The fatal conceit, unintended consequences
Free Public Transport: Why Now of All Times?
19 May 2022 Leave a comment
This is the second in a series of four posts about the poor state of political transit advocacy in the United States, following a post about the Green Line Extension in metro Boston, to be followed by the topics of operating aid and an Urban Institute report by Yonah Freemark.
There’s a push in various left-wing places to make public transportation free. It comes from various strands of governance, advocacy, and public transport, most of which are peripheral but all together add up to something. The US has been making some pushes recently: Boston made three buses fare-free as a pilot program, and California is proposing a three-month stimulus including free transit for that period and a subsidy for car owners. Germany is likewise subsidizing transport by both car and public transit. It’s economically the wrong choice for today’s economy of low unemployment, elevated inflation, and war, and it’s…
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How to Waste Money on Public Transportation
19 May 2022 Leave a comment
This is the fourth in a series of five (not four) posts about the poor state of political transit advocacy in the United States, following posts about the Green Line Extension in metro Boston, free public transport proposals, and federal aid to operations, to be followed by a post about how to do better instead.
I think very highly of Yonah Freemark. His academic and popular work on public transport and urbanism ranges from good to excellent, and a lot of my early thinking (and early writing!) on regional rail and high-speed rail owes a debt to him.
But I think he’s wrong in his proposal for a Green New Deal for transportation. This is a proposal by the Climate and Community Project (not the Urban Institute as I said in previous posts – sorry) to decarbonize transport in the United States, through fleet electrification and…
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Just the usual double standards and hypocrisy
19 May 2022 Leave a comment
It would not be politics otherwise.

So are calls to arms when a government decision doesn’t go your way. Next thing you know you’ll have people accusing you of causing an insurrection.🥺

Given how deep she is in the shit as Mayor of Chicago you’d think she’d be focusing relentlessly on that, starting with her reelection, but like most of these grifters she’s probably aiming at some future “activist” position. Certainly fixing the city she’s done so much to wreck is not even on the list.
Or how about having the new Presidential Press Secretary turn out to be a purveyor of dangerous disinformation that could destroy American democracy by tricking people into losing faith in elections.

Then there are the grifters like Bill Kristol and Jennifer Rubin (the “conservative” voice at the WaPo). After crying for years that his movement away from the GOP was all because of Bad…
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The Queen’s speech, the Johnson government, and the constitution – lessons from the 2021-22 session
19 May 2022 Leave a comment

As a new session of parliament commences, Lisa James discusses what constitutional lessons can be learned from its predecessor. She argues thatthe government’s legislation and its approach to parliamentary scrutiny in the 2021-22 session suggest that a disregard for checks and balances, a tendency to evade parliamentary scrutiny, and a willingness to bend constitutional norms are fundamental traits of the Johnson premiership.
A new parliamentary session began last week, with a Queen’s speech that laid out a highly ambitious volume of new bills. Many of these are likely to prove controversial – including planned constitutional measures.
To assess how the government might proceed, and how this might play out in parliament, it is useful to look back at the 2021-22 session. This was the first of Boris Johnson’s premiership not wholly dominated by Brexit or the COVID-19 pandemic – offering insight into both the government’s constitutional agenda, and…
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Coal Hard Fact: Fossil Fuel The Central Foundation For Modern Human Civilisation
19 May 2022 Leave a comment
The miserable misanthropes and neo-Marxists reckon that fossil fuels are an evil to be driven back to the depths from whence they came. Except, of course, when it comes to their own selfish energy needs.
Spend a week gathering dung and twigs to cook meals over a smoky fire in an unlit hut, and you’ll soon be screaming for fossil fuels.
A propane-burning stove soon eliminates the smoke, soot and particulates that cause lung disease and more.
Cheap and reliable electricity is better still. For development economists, it’s seen as the catalyst for modernity, paving the way for the mechanization and industrialisation that allows the impoverished to escape the daily drudgery and misery of a life without reliable energy.
As Alex Epstein explains below, human existence would be all the poorer without the benefits of fossil fuels.
Earth Day truth: Fossil fuels make Earth BETTER
Substack
Alex Epstein
23 April…
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What NZ can learn (is Greenpeace listening?) from Sri Lanka’s blundering to combat climate change by going organic
19 May 2022 Leave a comment
Sri Lanka is in the grip of its worst economic crisis in decades, facing depleted petrol reserves, food shortages and a chronic lack of medical supplies.
More than a month of mainly peaceful protests against the government’s handling of the economy turned deadly last week when supporters of the former prime minister stormed an anti-government protest site in the commercial capital Colombo.
For New Zealanders, the troubles being experienced by Sri Lanka’s 22 million people might trigger humanitarian concerns but – at first blush – have little to teach us about good policy.
Kiwis therefore may shrug off Sri Lanka’s plight as the consequence of incompetence by the governing Rajapaksa brothers, one of whom has resigned as prime minister, the other whose job as president is under threat.
But the policy blunders that precipitated the crisis should be studied by policy wonks in this country
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In Defense of Bill Clinton
19 May 2022 Leave a comment
More than 10 years ago, I narrated this video showing how the United States benefited from spending restraint under both Ronald Reagan and Bill Clinton. Since today’s topic is Clinton’s policies, pay attention starting about 4:00.
If you don’t have time to watch the video, I hope you will at least pay attention to this chart, which appeared near the end (about 6:00).
It shows what happened to domestic spending (entitlements plus discretionary) as a share of economic output
during the Reagan years, the Clinton years, and the 2001-2010 period under Bush and Obama.
Reagan was the runaway champion, but it’s worth noting that the burden of domestic spending also declined during the Clinton years.
But it wasn’t just that Bill Clinton was good on spending. Good things happened in the 1990s in other areas as well, especially trade.
In a column for the Wall…
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Science explained
19 May 2022 Leave a comment
in economics of education, Karl Popper Tags: conjecture and refutation, philosophy of science

Two key economic issues that should be tackled in Budget 2022 – but don’t hold your breath, folk
18 May 2022 Leave a comment
Two of New Zealand’s principal economic issues are its low productivity and high effective corporate tax rates.
So will the Ardern government tackle these issues in Budget 2022?
Finance Minister Grant Robertson could write himself into NZ’s economic history if he did so.
Sadly, Point of Order suspects he might go for what are quick-fixes (if he does anything at all) that do little to raise investment levels and lift productivity to stop NZ falling further behind other advanced economies..
The OECD in its annual review of the NZ economy attributed the low productivity rate to muted product market competition, weak international linkages and innovation, and skills and qualifications mismatches.
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The Strange Taboo Against Constitutional Amendment in Canada
18 May 2022 Leave a comment
Reputedly Unamendable Yet Frequently Amended
The Constitution of Canada has gained a reputation for having become unamendable and ossified since 1992 when Canadians rejected the proposed Charlottetown Accord in a country-wide referendum and brought the era mega-constitutional amendment to a grinding halt. This question consumed Canada from the early 1970s to the early 1990s and scared the generations that went through this trauma. They have ever since resigned themselves to accepting this constitutional paralysis and dare not break this uneasy truce. They often speak of amending the constitution as “Opening the Constitution” with audible capital letters yet in hushed tones, with the obvious allusion to opening Pandora’s Box and unleashing havoc hanging over any such reluctant conversation like the Sword of Damocles. This has become of the most toxic and bizarre taboo of Canadian political culture over the last thirty years, not least because it presents a false narrative which…
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No ‘Green’ New Deal: Rural America Rejects Wind Industry’s Community Wrecking Agenda
18 May 2022 Leave a comment
The wind industry’s efforts to destroy America’s rural communities have been brought to a shuddering halt. Across the States, well-organised pro-community and pro-reliable energy groups have won victory after victory, sending crony capitalists and subsidy-seeking carpetbaggers packing.
That hard-working farmers and rural folk would reject the pitch that 600-700 foot high wind turbines and endless seas of solar panels would soon bring peace and prosperity to their daily lives, is no surprise.
The American wind and solar industries have been completely wrongfooted and apparently have no idea what their next move should be.
Robert Bryce gives an update on the battle for America’s heartland.
Wind Projects Rejected In Nebraska And Ohio, Wind Rejections Across U.S. Now Total 328 Since 2015
Forbes
Robert Bryce
29 April 2022
The rejections of large-scale wind projects continue. On Tuesday, county commissioners in Otoe County, Nebraska voted to impose a one-year moratorium on applications for…
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Surprise result in these #COVID19 times
18 May 2022 Leave a comment
in health economics, industrial organisation, survivor principle, transport economics Tags: economics of pandemics

David Friedman: Law, Economics and Liberty
18 May 2022 Leave a comment
in applied price theory, applied welfare economics, comparative institutional analysis, constitutional political economy, David Friedman, defence economics, economics of bureaucracy, economics of crime, history of economic thought, income redistribution, law and economics, liberalism, libertarianism, property rights, Public Choice, rentseeking Tags: economics of pandemics, offsetting behaviour, The fatal conceit, unintended consequences



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