Can the Government Spend Us To Prosperity with Valerie Ramey
10 May 2020 Leave a comment
in budget deficits, business cycles, defence economics, econometerics, economic history, fiscal policy, global financial crisis (GFC), great depression, great recession, labour economics, labour supply, macroeconomics, unemployment Tags: Keynesian macroeconomics, New Keynesian macroeconomics
The Swedish Exception?
09 May 2020 Leave a comment
Behavioural Public Policy Blog
Erik Angner & Gustaf Arrhenius
Stockholm University & Institute for Futures Studies
It is still too early to determine which national responses to the 2020 coronavirus pandemic worked, and which ones did not. It is not too early to explore the differences in local strategies, as well as the context within which they are set. Much of this seems missing from the debate, even though history, tradition, legal and social norms, and so on, should be expected to matter greatly.
This gap is perhaps most evident in most of the commentary around the Swedish response to the pandemic. Sweden’s approach is getting a great deal of attention, in part because it is often framed as going against the mainstream. The differences may be overstated but they certainly exist. They are also instructive for everyone who cares about how best to deal with the crisis.
Sweden’s democratic system of government…
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The Hidden Rules of Conversation
09 May 2020 1 Comment
in economics of education, economics of media and culture Tags: economics of languages, network economics
Born Naked: Planet of the Humans Exposes Renewable Energy as the Greatest Fraud of All Time
09 May 2020 Leave a comment
Planet of the Humans has done more than touch a raw nerve among climate cultists and RE zealots, it’s sent them into apoplexy.
Michael Moore’s withering attack on the power and money behind the renewable energy scam – produced by Moore and made by Jeff Gibbs – has been uploaded to YouTube to allow all and sundry to get the message: renewable energy is the greatest economic and environmental fraud of all time. STT first covered it here: Blood & Gore: Mike Moore’s ‘Planet of The Humans’ Unmasks The Power & Money Behind Renewables Scam
The film focuses on characters like David Blood and Al Gore who have made $billions by stripping the world’s landscapes and wilderness in order to burn every scrap of timber they can, in subsidised ‘biomass’ fuelled power plants – and leaves them looking like the cynical, mercenary hypocrites that they are.
That Elon Musk, Al Gore…
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Why don’t Countries Formally Declare War Anymore?
09 May 2020 1 Comment
in defence economics, international economic law, International law, law and economics, Public Choice Tags: conscription, Falklands war, Vietnam war
Review of “Eisenhower: Soldier, General of the Army, President-Elect” (Vol 1) by Stephen Ambrose
09 May 2020 Leave a comment
We May Have a #COVID19 Vaccine in 2021, But Not Without Taking Risks @SciShow
09 May 2020 Leave a comment
in health economics Tags: economics of pandemics, vaccines
New Rule: Sex Monster | Real Time with @BillMaher
09 May 2020 Leave a comment
in discrimination, economics of crime, gender, law and economics, politics - USA Tags: 2020 presidential election, political correctness, regressive left, sex discrimination
Two anniversaries today, both marking the end of wars, one against people, the other against a virus
09 May 2020 Leave a comment
I missed this because I left out today’s anniversaries in the Hili dialogue. There are two big ones today, both pointed out by Fiona Fox, director of the Science Media Centre in Britain. Dr. Fox quotes remembrances from two of her experts (h/t Steve Jones):
FromProfessor Geoffrey L Smith FRS, Head, Department of Pathology, University of Cambridge
Today is VE-Day. [JAC: the 75th anniversary.] It is also the 40th anniversary of the WHO declaration of the eradication of smallpox, which in the 20th century alone killed an estimated 400 million people, many more people than in both world wars. Whilst in the midst of another viral pandemic, we should remember the magnificent role that WHO played in ridding the world of smallpox and the power of vaccination. WHO should be encouraged, supported and funded in its efforts to control and eliminate COVID-19.
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A Real-World Depiction of Life under Socialism
09 May 2020 Leave a comment
When making the case against socialism, I’ve pointed out how that coercive ideology is an evil and immoralfailure.
But maybe the best argument is contained in this very short video that was shared by a group of Tory activists in the United Kingdom.
Ms. Badenoch is now a member of the United Kingdom’s Parliament, and she was describing what it was like to grow up in Nigeria, a country where capitalism was not allowed to flourish.
Given the upside-down incentive system created by socialism, it’s no surprise that she endured hardship.
And while her story is just an anecdote, there is overwhelming evidence that nations with more economic liberty generate much better outcomes for ordinary people.
If you’re interested in learning more Ms. Badenoch, the U.K.-based Daily Mailprofiled her back in 2017.
Kemi Badenoch is black; although British-born, she was raised in Nigeria by African parents…
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Stephen Williamson puzzles over quantitative easing
09 May 2020 Leave a comment
in business cycles, financial economics, global financial crisis (GFC), great recession, macroeconomics, monetary economics
The Government Response Stringency Index
09 May 2020 Leave a comment
Having mentioned yesterday the Oxford Covid-19 Government Response Stringency Index, I was playing around with variants of this chart, tracing the responses of various governments through time.

On this variant I’ve included the Anglo countries and most of the countries of western Europe.
It is only one index, and only as good as the presumptions about what mattered of those who put it together, but it is now quite widely used and cited.
In detail of course it is hard to read, but my main interest was in New Zealand relative to where the generality of other western countries were, and you can read the New Zealand line: throughout the “Level 4 lockdown” the compilers of the index judged our restrictions to be the most stringent of any of the countries, although as at the last updates – and they aren’t updating every country every day – we had…
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Maoists and Eysenck at LSE, May 1973: Disruptive protest and the prelude to ‘no platform’
09 May 2020 Leave a comment
On 8 May, 1973, the controversial psychologist Hans Eysenck attempted to deliver a lecture at the London School of Economics, but faced heavy protests from students. A group of Maoists stormed the stage and assaulted Eysenck. Alongside a sit-in the following month to protest a lecture by US academic Samuel Huntington at the University of Sussex, the shutting down of Eysenck was seen as an example of the grave danger free speech faced at British universities. Occurring less than a year before the ‘no platform’ policy was introduced by the National Union of Students, the Eysenck incident shows that claims that the freedom of speech was under threat at universities has existed for decades and that there has long been debate about the appropriate action to be taken against right-wing speakers who weren’t explicit fascists.
Cartoon from the Daily Mirror
Before the NUS formalised its ‘no platform’ policy and put…
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