The Hollywood Reporter has a good piece on Trump’s proposed movie tariffs: Even if such a tariff were legal — and there is some debate about whether Trump has the authority to impose such levies — industry experts are baffled as to how, in practice, a “movie tariff” would work. “What exactly does he want […]
Tabarrok on the Movie Tariff
Tabarrok on the Movie Tariff
07 May 2025 1 Comment
in applied price theory, international economics, movies, politics - USA, Public Choice, rentseeking Tags: 2024 presidential election, free trade, tariffs
The best tariff threat is one you do not have to use
06 May 2025 1 Comment
in applied price theory, international economics, politics - USA Tags: 2024 presidential election, free trade, game theory, tariffs
Following up on an earlier post, Reciprocal tariffs as a tit-for-tat strategy in a repeated prisoners’ dilemma From NY Times:Trump imposed, quickly withdrew and then threatened to bring back huge tariffs on dozens of countries. Immediately, they began calling and asking what they could do to stop him. “More than 100 countries have already come to…
The best tariff threat is one you do not have to use
A new chapter in Canadian constitutional history? The King’s return to Parliament
06 May 2025 1 Comment
in economic history, politics Tags: British politics, Canada, constitutional law
Mark Carney announced last week that the King will open the Canadian Parliament in person later this month. It’s unusual for the Canadian Monarch to give the Speech from the Throne. The last time this happened was in 1977 when Queen Elizabeth II opened Parliament during her Silver Jubilee tour. Carney’s invitation is notable because […]
A new chapter in Canadian constitutional history? The King’s return to Parliament
Squatter Syndrome: How the Inefficiencies of Our Legal System Are Making a Mockery of Our Immigration Laws
06 May 2025 Leave a comment
in Economics of international refugee law, International law, labour economics, labour supply, law and economics, politics - USA Tags: economics of immigration
It was once said that possession is nine-tenths of the law, an acknowledgement that the possessor of property generally has the advantage in keeping it. This principle has been taken to absurd extremes in some squatter cases, where people invade homes and then demand the right to stay pending long legal challenges. Today, under both […]
Squatter Syndrome: How the Inefficiencies of Our Legal System Are Making a Mockery of Our Immigration Laws
‘A negative achievement’: Behind the scenes of the House of Lords Act 1999
06 May 2025 Leave a comment
in constitutional political economy, Public Choice Tags: British constitutional law, British politics
Ahead of major pieces of legislation designed to reform the composition of the House of Lords, and our recent event ‘Reforming the House of Lords’ discussing the history of this tricky issue, Dr Emma Peplow, Head of Contemporary History, draws upon our Oral History Project to revisit the last time significant reforms were introduced. The […]
‘A negative achievement’: Behind the scenes of the House of Lords Act 1999
The price of “free” healthcare is the wait
06 May 2025 Leave a comment
in applied price theory, economic history, health economics, politics - USA Tags: Canada, health insurance
While healthcare in Canada’s single-payer health care system is technically free, its real price is measured in wait times. In 2023, the median wait time from a general practitioner’s referral to treatment reached 27.7 weeks—the longest ever and nearly triple the 9.3 weeks reported in 1993. (MuskegonPundit) To see this, think of “free” as…
The price of “free” healthcare is the wait
Reform to ‘wage war’ against net zero ‘lunacy’ after local elections
05 May 2025 Leave a comment
in economics of climate change, energy economics, environmental economics, environmentalism, global warming Tags: British politics, solar power, wind power
The political pushback against futile climate obsession is moving forward. Voters who resent having their pockets picked via massive subsidies for renewables, while facing government pressure to buy expensive electric cars, unwanted heat pumps, and more, can clearly see an alternative. – – – Reform has said it will “wage war” against the “lunacy” of […]
Reform to ‘wage war’ against net zero ‘lunacy’ after local elections
Buffett’s Alpha
05 May 2025 Leave a comment
in entrepreneurship, financial economics Tags: active investing
Berkshire Hathaway has realized a Sharpe ratio of 0.76, higher than any other stock or mutual fund with a history of more than 30 years, and Berkshire has a significant alpha to traditional risk factors. However, we find that the alpha becomes insignificant when controlling for exposures to Betting-Against-Beta and Quality-Minus-Junk factors. Further, we estimate […]
Buffett’s Alpha
Trump proposes 100% tariff on movies shot outside the United States
05 May 2025 1 Comment
in industrial organisation, international economics, movies, politics - USA Tags: 2024 presidential election
Here is one link. Of course the proposal is not easy to understand. If it is a Jason Bourne movie, do they add up the number of scenes shot abroad and consider those as a percentage of the entire movie? Does one scene shot abroad invoke the entire tariff? o3 guesstimates that about half of […]
Trump proposes 100% tariff on movies shot outside the United States
Has international travel to the U.S. really collapsed?
05 May 2025 Leave a comment
in politics - USA, transport economics Tags: 2024 presidential election
But despite some ominous signs, a close look at the data shows that travel to the United States is largely holding up — at least so far. Nearly as many foreign travelers have arrived at American airports this year than during the same period last year, according to an analysis by The New York Times […]
Has international travel to the U.S. really collapsed?
Some weak evidence in favour of an information intervention in economics to close the gender gap
05 May 2025 Leave a comment
in applied price theory, discrimination, econometerics, economics of education, experimental economics, gender, labour economics, labour supply, occupational choice Tags: gender gap, sex discrimination
I’ve written a couple of times about information interventions designed to attract more female students to study economics (see here and here). The results have generally been disappointing. That shouldn’t be too much of a surprise. If it was really simple to get people to change their behaviour with information, then advertising would be far…
Some weak evidence in favour of an information intervention in economics to close the gender gap
Misguided branch of British Medical Association rejects UK’s Supreme Court decision that “woman” is defined by biological sex
04 May 2025 1 Comment
in discrimination, gender, law and economics, property rights Tags: free speech, gender gap, political correctness, regressive left, sex discrimination
As I reported two weeks ago, the Supreme Court of the United Kingdom voted unanimously to affirm that the term “woman” under the legal Equality Act refers only to biological women and not trans-identified men. That means that a biological male holding a gender reassignment certificate would not have the same legal status as a […]
Misguided branch of British Medical Association rejects UK’s Supreme Court decision that “woman” is defined by biological sex
Pershing Under Pressure – The End Of La Lys I THE GREAT WAR Week 197
04 May 2025 Leave a comment
in defence economics, laws of war, war and peace Tags: World War I
“Take out Every Single Person Who Supports Trump”: Maine Teacher Calls for the Secret Service to Go on a Killing Spree
03 May 2025 Leave a comment
in economics of crime, law and economics, politics - USA Tags: 2024 presidential election
We have been discussing the increasing political violence on the left. That includes a student who published a column recently on “when must we kill them?” I noted that such views are often reflections of the many extremists currently in teaching. That was evident this week in Maine, where English teacher JoAnna St. Germain of […]
“Take out Every Single Person Who Supports Trump”: Maine Teacher Calls for the Secret Service to Go on a Killing Spree
Sex is binary
03 May 2025 Leave a comment
in discrimination, economics of education, gender, health economics, liberalism, Marxist economics, politics - USA Tags: conjecture and refutation, free speech, philosophy of science, political correctness, regressive left, sex discrimination
Trans activists and their supporters have confused feelings with facts in trying to convince themselves, and others, that sex isn’t binary. Science disproves that: Here’s why sex is binary, explained in 5 minutes. pic.twitter.com/DuX7Yk7Z0f — Zachary Elliott (@zaelefty) April 26, 2025
Sex is binary
Utopia, you are standing in it! 
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