Celebrating humanity's flourishing through the spread of capitalism and the rule of law
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
18 May 2025 Leave a comment
in applied price theory, defence economics, war and peace Tags: game theory, Russia, Ukraine
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
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
17 May 2025 Leave a comment
in economics of climate change, energy economics, environmental economics, environmentalism, global warming Tags: France, solar power, wind power
The French are finding out that combining nuclear power with unstable wind and sun is not a good idea and is a risk to the power grid.
Expert Assessment Warns Expansion Of Wind And Solar Energy Jeopardizing French Power Grid Stability
Spain recently had to learn a similar lesson in a most painful manner.
16 May 2025 1 Comment
in defence economics, International law, law and economics, laws of war, war and peace Tags: Gaza Strip, Israel, Middle-East politics, regressive left, war against terror
For the past nineteen months the BBC’s Fergal Keane has been a man on a mission. On his periodic trips to Israel, Keane and his team have produced multiple reports presenting a monochrome and highly limited view of the conflict from the perspective of Palestinians, with most playing heavily on the emotions of readers or […]
More Gaza narrative promotion from the BBC’s Fergal Keane
16 May 2025 Leave a comment
in discrimination, gender, politics - New Zealand Tags: media bias, sex discrimination
They have published numerous articles decrying sexist abuse of MPs, and then they turn around and publish a column by one of their own journalists calling female Ministers a bunch of cu**s. The greatest sign of their hypocrisy is from this note by then then Dominion Post editor: So the Editor of the DP explicitly…
Stuff’s hypocrisy laid bare
16 May 2025 Leave a comment
in economics of regulation, energy economics, law and economics, politics - New Zealand, property rights, resource economics, urban economics
Bob Edlin writes – West Coast Regional Councillor Allan Birchfield has whipped up a fuss in his neck of the woods by challenging the Ngāti Waewae representative Francois Tumahai over the iwi’s role in resource consenting. The iwi – it seems – must agree to gold-mining consents in gold-mining country, presumably after appropriate consultation or engagement […]
Is this a gold mine? Iwi might need consulting (for a fee) before your development can be given RMA consents
16 May 2025 Leave a comment
in applied price theory, economic growth, economic history, macroeconomics Tags: European Union
There’s an enormous amount of data showing that people in the United States enjoy much higher livings standards than Europeans. That’s not too surprising since most European governments have adopted large-sized welfare states while Americans are (comparatively!) lucky in that we have a medium-sized welfare state. That’s all very straightforward and uncontroversial. What’s not completely […]
Calculating America’s Lead over Europe
15 May 2025 Leave a comment
in law and economics, politics - USA Tags: 2024 presidential election
Today, the United States Supreme Court will hear three consolidated cases in Trump v. CASA on the growing use of national or universal injunctions. This is a matter submitted on the “shadow docket” and the underlying cases concern the controversy over “birthright citizenship.” However, the merits of those claims are not at issue. Instead, the […]
“A Modest Request”: The Supreme Court Hears Challenge to National or Universal Injunctions
15 May 2025 Leave a comment
in applied price theory, economic history
An excerpt from Chapter 2 of *Unbeatable*
The Merciful Maximization of the Market
15 May 2025 Leave a comment
in economics of crime, economics of religion, law and economics, politics - USA
We previously discussed the legislation passed by Washington State democrats that requires priests to violate the sanctity of the confessional to report child abuse. I described the law as “blatantly unconstitutional” in eviscerating the right to the free exercise of religion. The state is moving to create an effective system of sacramental snitches and the […]
Sacramental Snitches: Church to Excommunicate any Priests Complying with Washington State Law
15 May 2025 Leave a comment
in economics of climate change, energy economics, environmental economics, environmentalism, global warming Tags: British politics, solar power, wind power
Britain’s rush to Net Zero could leave it vulnerable to months-long blackouts, as reliance on intermittent renewables strains the grid, escalating costs and jeopardising energy security. The Telegraph has more.
Britain Could Face Months-Long Blackouts Because of Net Zero
15 May 2025 Leave a comment
in applied price theory, defence economics, economic growth, economic history, macroeconomics
Maybe not, isn’t that a form of double counting? After all, defense spending is there to enable the production of other goods and services, it is not useful per se. Chandler S. Reilly and Vincent Geloso recalculate the history of U.S. economic growth using this new method: In fact, our corrections applied to the entire […]
Should gdp include defense spending?
14 May 2025 Leave a comment
in applied price theory, entrepreneurship, health economics, industrial organisation, politics - USA, Public Choice, rentseeking Tags: price controls
Numerous empirical studies show a relationship between a drug’s expected market size and the magnitude of research and development investments. Early studies focused on changes to market size resulting from the demographics of disease burden (Acemoglu and Linn 2004) and policy changes influencing market demand (Finkelstein 2004). These findings have largely been confirmed by more […]
Supply is elastic, installment #6437
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
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Celebrating humanity's flourishing through the spread of capitalism and the rule of law
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Celebrating humanity's flourishing through the spread of capitalism and the rule of law
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Celebrating humanity's flourishing through the spread of capitalism and the rule of law
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