Celebrating humanity's flourishing through the spread of capitalism and the rule of law
01 May 2025 Leave a comment
in economics of climate change, energy economics, environmental economics, environmentalism, global warming Tags: solar power, Spain, wind power
Analysis of the blackout in Spain and Portugal comes in EurAsia Daily article Solar generation fell, and then the Spanish power grid collapsed: details of the blackout. Excerpts in italics with my bolds and added images. New details are emerging why a large-scale blackout occurred in Spain, which lasted more than 10 hours and hit […]
Spain and Portugal Achieve Net Zero Accidently
01 May 2025 Leave a comment
in constitutional political economy, politics, Public Choice Tags: Canada
Election of 2025 On 28 April 2025, we returned yet another minority parliament in the 45th federal general election. Elections Canada’s preliminary results show that this general election brought out the highest voterturnout since 1993, at 68.7% compared to 69.6% thirty-two years ago. The fervent proponents of proportional representation should take heart that the Bloc […]
More Arthur Meighen Than Brian Mulroney? Pierre Poilievre Might Soon Confront The Reform Act
01 May 2025 1 Comment
in economics of climate change, energy economics, environmental economics, environmentalism, global warming Tags: British politics
Hangon, didn’t Blair help make Net Zero happen?
Former British PM Tony Blair Slams Net Zero as “Irrational”
01 May 2025 Leave a comment
in applied price theory, economics of regulation, income redistribution, law and economics, politics - New Zealand, property rights, Public Choice, rentseeking, urban economics Tags: housing affordability, land supply, zoning
01 May 2025 Leave a comment
in applied price theory, comparative institutional analysis, development economics, economic history, entrepreneurship, history of economic thought, industrial organisation Tags: capitalism and freedom
An excerpt from the Introduction of *Unbeatable*
Capitalism, Socialism, and Social Desirability Bias
30 Apr 2025 Leave a comment
in applied price theory, applied welfare economics, economics of bureaucracy, politics - New Zealand, Public Choice Tags: discount rates
A couple of months ago now I wrote a post about the new set of discount rates government agencies are supposed to use in undertaking cost-benefit analysis, whether for new spending projects or for regulatory initiatives. The new, radically altered, framework had come into effect from 1 October last year, but with no publicity (except […]
Bad advice on public sector discount rates
30 Apr 2025 Leave a comment
in applied price theory, entrepreneurship, financial economics
When interest rates go up, the price of bonds goes down. As Tyler and I discuss in Modern Principles, the inverse relationship between interest rates and prices holds for any asset that pays out over time. In particular, as Patrick McKenzie points out, when interest rates go up, the value of a loan goes down. […]
In Praise of the Danish Mortgage System
30 Apr 2025 Leave a comment
in labour economics, labour supply, population economics
In its most recent World Economic Outlook report, the IMF includes a chapter on “The Rise of the Silver Economy: Global Implications of Population Aging” (April 2025). Here are the big trends in a nutshell. The red line (measured on the right-hand axis) shows that the average age of the global poulation was about 27…
The Silver (-Haired) Economy
29 Apr 2025 Leave a comment
in discrimination, economic history, economics of education, liberalism, Marxist economics, politics - New Zealand Tags: free speech, political correctness, racial discrimination, regressive left
Compulsory first-year courses come under fire. Graham Adams writes – This year, the University of Auckland launched mandatory courses focused on a particular view of New Zealand history, Te Tiriti, and indigenous “knowledge systems”— which is to say mātauranga Māori — for all first-year students. It doesn’t matter whether you’re studying engineering, accounting, science or arts, you […]
Auckland Uni students react to Treaty ‘indoctrination’
29 Apr 2025 Leave a comment
in economics of climate change, environmental economics, environmentalism, global warming Tags: global cooling
29 Apr 2025 Leave a comment
in applied price theory, behavioural economics, economic history, economics of information, financial economics, global financial crisis (GFC), great recession, macroeconomics, monetary economics
In a recent paper, Christopher L. Foote, Kristopher S. Gerardi, and Paul S. Willen report (pdf): This paper presents 12 facts about the mortgage market. The authors argue that the facts refute the popular story that the crisis resulted from financial industry insiders deceiving uninformed mortgage borrowers and investors. Instead, they argue that borrowers and […]
Why the housing market imploded
29 Apr 2025 1 Comment
in defence economics, economics of crime, law and economics, politics - USA Tags: Gaza, Israel, Middle-East politics, political correctness, regressive left, war against terror
Ever since the City of Chicago dropped the charges against 26 pro-Palestinian students and two faculty arrested on our campus for trespassing, I’ve wondered whether mayor Brandon Johnson, elected in 2023, has some sympathies for Palestine contrasted with some opprobrium for Israel. (The city also refused to send Chicago cops to take down our encampment, […]
Our Mayor dons a keffiyeh
29 Apr 2025 Leave a comment
in defence economics, war and peace Tags: Italy, World War II
The final chapter of Benito Mussolini’s life, marked by betrayal, capture, and execution, symbolizes the brutal end of Fascism in Italy. Alongside him was his mistress, Clara Petacci, whose loyalty led her to a tragic end. Their deaths on April 28, 1945, not only concluded Mussolini’s two-decade rule but also sent a powerful message about […]
The Execution of Benito Mussolini and Clara Petacci
28 Apr 2025 Leave a comment
in economics of crime, law and economics, politics - USA Tags: 2024 presidential election, economics of immigration
“This is not normal.” Those words from Sen. Amy Klobuchar, D-Minn., are undeniably true after the arrest of Wisconsin Judge Hannah Dugan. However, the reason it is not normal is far more debatable. Dugan is accused of becoming a lawbreaker in seeking to obstruct an effort to arrest a man wanted by federal authorities. If […]
“This is Not Normal”: Democrats Miss an Obvious Problem with the Arrest of the Wisconsin Judge
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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The truth about the great wind power fraud - we're not here to debate the wind industry, we're here to destroy it.
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
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