Four Years of War I THE GREAT WAR Week 210
03 Aug 2025 Leave a comment
in defence economics, war and peace Tags: World War I
The economics of the U.S. auto industry, a brief history
03 Aug 2025 Leave a comment
in economic history, entrepreneurship, industrial organisation, survivor principle
From Adam Ozimek: The economic value of the cars being made has climbed substantially through the years. As a result, real value added and industrial production — two different ways of measuring actual output — are now at all-time highs. And this: What about jobs? The auto industry today employs 1 million workers. Between 1950 and […]
The economics of the U.S. auto industry, a brief history
Quotation of the Day…
03 Aug 2025 Leave a comment
in labour economics, Milton Friedman
Tweet… is from page 246 of Milton & Rose Friedman’s great 1980 book, Free To Choose: A worker is protected from his employer by the existence of other employers for whom he can go to work. An employer is protected from exploitation by his employees by the existence of other workers whom he can hire.…
Quotation of the Day…
The Reveal: The Public is Finally Learning How Democrats Pulled Off the Greatest Political Trick in History
02 Aug 2025 Leave a comment
in economics of crime, law and economics, politics - USA Tags: 2016 presidential election
Below is my column in Fox.com on the release of the last declassified material on the origins of the Russian collusion investigation. After the release, former CIA Director John Brennan and former Director of National Intelligence James Clapper wrote in the New York Times insisted that they never relied on the Steele dossier. The column […]
The Reveal: The Public is Finally Learning How Democrats Pulled Off the Greatest Political Trick in History
JFK & PT 109
02 Aug 2025 Leave a comment
in defence economics, war and peace Tags: World War II
On the night of August 1-2, 1943, during World War II, Lieutenant John F. Kennedy, future President of the United States, experienced a defining moment in his military career when his patrol torpedo boat, PT-109, was destroyed in the Solomon Islands. This event not only showcased Kennedy’s leadership and bravery but also became a significant […]
JFK & PT 109
El Salvador lengthens future presidential terms, abolishes term limits
02 Aug 2025 1 Comment
in constitutional political economy, development economics, law and economics Tags: El Salvador
Constitutional changes have been approved in El Salvador that will increase the length of the presidential term from five to six years and remove (any pretense) of presidential term limits (AP news). Incumbent President Nayib Bukele is already serving a second term, despite the existing constitution supposedly prohibiting immediate presidential reelection. He was elected initially […]
El Salvador lengthens future presidential terms, abolishes term limits
The Laffer Curve Triumphs Again: Class Warfare in the United Kingdom Backfires
02 Aug 2025 Leave a comment
in applied price theory, fiscal policy, labour economics, macroeconomics, public economics Tags: taxation and investment
The Laffer Curve provides incredibly important insights about tax policy. Most important, it informs us that you don’t measure the revenue impact of tax policy changes merely by looking at what is happening to tax rates. You also have to consider whether changes in tax rates will alter incentives to earn and report income. Or, […]
The Laffer Curve Triumphs Again: Class Warfare in the United Kingdom Backfires
Full Posting of: A Critical Review of Impacts of Greenhouse Gas Emissions on the U.S. Climate
01 Aug 2025 Leave a comment
in applied welfare economics, economics of climate change, energy economics, environmental economics, environmentalism, global warming, politics - USA
Among the key findings, the report concludes that carbon dioxide (CO2) -induced warming appears to be less damaging economically than commonly believed, and that aggressive mitigation strategies could be more harmful than beneficial. Additionally, the report finds that U.S. policy actions are expected to have undetectably small direct impacts on the global climate and any effects will emerge only with long delays.
Full Posting of: A Critical Review of Impacts of Greenhouse Gas Emissions on the U.S. Climate
The NYT screws up when touting “famine” in Gaza, but buries its correction
01 Aug 2025 1 Comment
in defence economics, politics - USA, war and peace Tags: Gaza Strip, Israel, media bias, Middle-East politics, regressive left, war against terror
The NYT has filled its main e-page with article about starvation in Gaza and other anti-Israel news. Here, for example is the upper-left of today’s front e-page: And that’s pretty much what it looked like for the past couple of weeks. My issue is that I used to trust the Times, but they’ve shown […]
The NYT screws up when touting “famine” in Gaza, but buries its correction
Mamdani’s unworkable proposal for NYC-owned grocery stores
31 Jul 2025 1 Comment
in applied price theory, comparative institutional analysis, constitutional political economy, economics of regulation, income redistribution, law and economics, Marxist economics, politics - USA, property rights, Public Choice, rentseeking, transport economics, urban economics Tags: economics of socialism, regressive left, rent control, useful idiots
Democrat Zohran Mamdani is likely to be the next mayor of NYC, as he proffered a number of campaign promises that delighted progressives young and old. (This is besides his pro-Palestinian stand on the Gaza war, which is irrelevant to his actions as NYC mayor but still delighted the benighted.) Here are a few of […]
Mamdani’s unworkable proposal for NYC-owned grocery stores
New Climate Assessment Report from US DOE
31 Jul 2025 1 Comment
in economics of climate change, energy economics, environmental economics, environmentalism, global warming, politics - USA
by Judith Curry Climate science is baaaack
New Climate Assessment Report from US DOE
Labour always backs the crims
30 Jul 2025 Leave a comment
in economics of crime, law and economics, politics - New Zealand Tags: crime and punishment, criminal deterrence, law and order
Stuff reports: With a new trial for court bailiffs to seize cars if their owners haven’t paid fines, the Labour Party says innocent families could be left “stranded”. The Government is trialling new technology for bailiffs to scan number plates as they search for people who have unpaid fines. They will then clamp or seize […]
Labour always backs the crims
North Carolina School District Settles Case After Suspending Teen for Using Term “Illegal Alien”
30 Jul 2025 Leave a comment
in economics of bureaucracy, economics of education, law and economics, liberalism, Marxist economics, politics - USA, property rights, Public Choice Tags: free speech, political correctness, regressive left
Christian McGhee, 17, has secured a significant victory for free speech in North Carolina after the Davidson County Board of Education settled a case over his suspension for using the term “illegal alien.” What is disturbing is that, once again, the school officials themselves appear to have escaped any accountability for their abusive treatment of […]
North Carolina School District Settles Case After Suspending Teen for Using Term “Illegal Alien”
The judicial revolution
30 Jul 2025 Leave a comment
in economics of bureaucracy, law and economics, politics - New Zealand, property rights, Public Choice Tags: constitutional law
An excellent article by Roger Partridge on an analysis by Emeritus Professor Peter Watts KC on the Supreme Court’s actions in Ellis vs R. I recommend you read the whole thing, but a key extract is: Before Ellis, tikanga’s role in New Zealand law was clearly defined and limited. As Watts shows, courts recognised tikanga within […]
The judicial revolution
French President Macron: a blockhead whose ignorance will harm Israel
30 Jul 2025 1 Comment
in defence economics, economics of crime, International law, law and economics, laws of war, population economics, war and peace Tags: Gaza Strip, Israel, Middle-East politics, regressive left, war against terror, West Bank
A fair number of countries have decided to recognize Palestine as a sovereign state (the U.N. can’t as it requires Security-Council approval, and the U.S. is on that council). This has had little effect as simple declarations like this have no force in international law (see reference to Natasha Hausdorff below). Now, however, another state […]
French President Macron: a blockhead whose ignorance will harm Israel
Utopia, you are standing in it! 
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