Econ 101 is often dismissed as too simplistic. Yet recent events suggest that Econ 101 is underrated. Take the tariff debate: understanding that a tariff is a tax, that prices represent opportunity costs, that a bilateral trade deficit is largely meaningless, that a so-called trade “deficit” is equally a goods surplus or an investment surplus—these […]
Econ 101 is Underrated: Pharma Price Controls
Econ 101 is Underrated: Pharma Price Controls
22 May 2025 Leave a comment
in applied price theory, development economics, economics of regulation, entrepreneurship, health economics, law and economics, politics - USA, property rights Tags: 2024 presidential election, patents and copyrights, price controls, price discrimination
David Friedman Explains Why Trump’s Tariffs Will Fail | IEA Live
21 May 2025 Leave a comment
in applied price theory, David Friedman, history of economic thought, industrial organisation, international economics
Kevin Gentry Talks With Me About Trade and Phil Gramm’s and My New Book
20 May 2025 Leave a comment
in applied price theory, applied welfare economics, Austrian economics, comparative institutional analysis, development economics, economic history, economics of regulation, entrepreneurship, history of economic thought
TweetThanks for the honor, Kevin! The post Kevin Gentry Talks With Me About Trade and Phil Gramm’s and My New Book appeared first on Cafe Hayek.
Kevin Gentry Talks With Me About Trade and Phil Gramm’s and My New Book
Fiscal starting points
19 May 2025 Leave a comment
in budget deficits, business cycles, economic growth, fiscal policy, macroeconomics, politics - New Zealand, Public Choice Tags: economics of pandemics
Not that long ago, New Zealand’s fiscal balances looked pretty good by advanced country standards. Sure, the fiscal pressures from longer life expectancies were beginning to build – as they were in most of the advanced world – but in absolute and relative terms New Zealand still looked in pretty good shape. Just a few […]
Fiscal starting points
He should have apologised
19 May 2025 Leave a comment
in law and economics, politics - Australia, property rights Tags: defamation, free speech
The ABC reports: There are concerns that former Victorian Liberal leader John Pesutto will be bankrupted after being ordered to pay costs of $2.3 million after losing his defamation battle with Moira Deeming. … The Federal Court order handed down on Friday morning, raises the prospect Mr Pesutto will be bankrupted and forced out of…
He should have apologised
Propping up the film sector or stimulating growth?
19 May 2025 Leave a comment
in economics of media and culture, entrepreneurship, industrial organisation, movies, politics - New Zealand, Public Choice, rentseeking, survivor principle, television Tags: corporate welfare
Ani O’Brien writes – On Friday night, having imbibed a few wines I strayed onto X to unwisely engage in some (slightly drunk) opinion sharing. I tweeted:
Propping up the film sector or stimulating growth?
David Friedman on markets, governments and whether we need either?
19 May 2025 Leave a comment
in applied price theory, comparative institutional analysis, constitutional political economy, David Friedman, defence economics, economics of crime, economics of regulation, environmental economics, history of economic thought, industrial organisation, law and economics, property rights
Once again, pro-Palestinian protestors at the University of Chicago violate campus rules but don’t get punished
19 May 2025 Leave a comment
in economics of crime, economics of education, law and economics, politics - USA, property rights Tags: free speech, Gaza Strip, Israel, Middle-East politics, regressive left
If you’ve read about the various pro-Palestinian and anti-Israel protests across American campuses, one thing you’ll notice is a general reluctance to punish demonstrators when they violate university rules. Of course protests are usually fine if they conform to First Amendment principles (though some schools don’t hold those principles), but they’re never fine when they […]
Once again, pro-Palestinian protestors at the University of Chicago violate campus rules but don’t get punished
Live at 1 p.m. Eastern: SHOCK CLIMATE REPORT! Urban Heat Islands Responsible for 65% of Global Warming
18 May 2025 Leave a comment
in econometerics, economics of climate change, energy economics, environmental economics, environmentalism, global warming Tags: climate alarmism
A new study from the University of Alabama in Huntsville addresses the question of how much the Urban Heat Island (UHI) effect is responsible for the higher temperatures at weather stations across the world. Dr. Roy Spencer and Dr. John Christy have spent several years developing a novel method that quantifies, for the first time, the average UHI warming effects related to population density. Their finding: no less than 65% of “runaway global warming” is not caused by our emissions of carbon dioxide, but by the urbanization of the world.
Live at 1 p.m. Eastern: SHOCK CLIMATE REPORT! Urban Heat Islands Responsible for 65% of Global Warming
Rebellion I THE GREAT WAR Week 199
18 May 2025 Leave a comment
in defence economics, war and peace Tags: World War I
US Holders of Foreign Assets, Foreign Holders of US Assets, and Exorbitant Privilege
18 May 2025 Leave a comment
in financial economics, macroeconomics, monetary economics
US investors put money in assets of other countries, including “portfolio investment” which focuses on ownership of stocks and bonds without a management interest, and “foreign direct investment” which is owning enough of a foreign company to have a management interest. Conversely, foreign investors put money into US dollar assets in the US economy. Erin…
US Holders of Foreign Assets, Foreign Holders of US Assets, and Exorbitant Privilege
Trump, Putin, and the Game of Doing Nothing: This Week in Dumb Diplomacy
18 May 2025 Leave a comment
in applied price theory, defence economics, war and peace Tags: game theory, Russia, Ukraine
“Why Won’t You Call Hamas Terrorists?” Piers Morgan vs Jeremy Corbyn Deb…
17 May 2025 1 Comment
in defence economics, economics of crime, International law, law and economics, laws of war, war and peace Tags: Gaza Strip, Israel, Middle-East politics, regressive left, useful idiots, war against terror
Trump Administration Targets State Climate Laws
17 May 2025 Leave a comment
in economics of climate change, energy economics, environmental economics, environmentalism, global warming, law and economics, politics - USA, property rights, Public Choice, rentseeking Tags: climate alarmism, nuisance suits
The Constitution explicitly states that neither the Congress nor any state may pass an “ex post facto Law,” which imposes criminal liability for past actions that weren’t restricted at the time. The Maryland, New York, and Vermont acts all propose to tax companies retroactively for legally producing fossil fuels.
Trump Administration Targets State Climate Laws
Utopia, you are standing in it! 
Recent Comments