That is the topic of my latest Free Press column. Excerpt: …in recent years they [Meta] have moved into AI in a big way. Over that same time period, the valuation of the company has risen from about $236 billion in November 2022 to almost $2 trillion at the end of this July. The reasons for […]
Is anyone worth a billion dollars?
Is anyone worth a billion dollars?
12 Aug 2025 1 Comment
in applied price theory, entrepreneurship, industrial organisation Tags: superstar wages
Tenth Circuit: Parents Do Not Have Right to Override Ban on Gender Transitioning of Minors
12 Aug 2025 Leave a comment
in discrimination, economics of regulation, gender, health economics, law and economics, liberalism, Marxist economics, politics - USA, property rights Tags: political correctness, regressive left, sex discrimination
The Tenth Circuit handed down a notable opinion this week in Poe v. Drummond, upholding Oklahoma’s law prohibiting gender transition procedures for anyone under eighteen. The opinion by Judge Joel Carson (joined by Judges Harris Hartz and Gregory Phillips) concluded that parental rights do not trump a state’s determination of what are safe treatments for […]
Tenth Circuit: Parents Do Not Have Right to Override Ban on Gender Transitioning of Minors
Some Links
11 Aug 2025 1 Comment
in applied price theory, economic history, history of economic thought, international economics, politics - USA Tags: tarrifs
TweetFareed Zakaria, writing in the Washington Post, eloquently corrects many of the fallacies believed by MAGA-types (and also by many – most? – progressives’) about the American economy. Two slices: The Organization for Economic Cooperation and Development’s measure of median disposable household income in America was higher than in all but one advanced industrial economy…
Some Links
Chlöe Swarbrick’s homelessness hyperbole
11 Aug 2025 Leave a comment
in applied price theory, economic history, economics of regulation, human capital, labour economics, law and economics, liberalism, Marxist economics, politics - New Zealand, poverty and inequality, property rights, Public Choice, rentseeking, transport economics, urban economics Tags: family poverty, homelessness, regressive left
Ani O’Brien writes – Chlöe Swarbrick wants you to believe the Government is intentionally increasing homelessness. She told RNZ’s Mata with Mihingarangi Forbes: “The only conclusion that I can really come to is that this Government has intentionally increased homelessness…” It’s the kind of soundbite that plays well on social media. Outrage travels faster than nuance, and a […]
Chlöe Swarbrick’s homelessness hyperbole
Sovereignty and Land Ownership: Distinct Legal Domains
11 Aug 2025 Leave a comment
in constitutional political economy, economic history, law and economics, property rights Tags: constitutional law
Introduction Throughout history, territories have frequently changed hands through war, conquest, and annexation. However, the shift in sovereignty—the legal authority to govern and control a territory—should not be conflated with the transfer of private land ownership within that territory. Sovereignty concerns public law and political authority, whereas land ownership is a matter of private law […]
Sovereignty and Land Ownership: Distinct Legal Domains
The Black Day Of The German Army – The Battle of Amiens I THE GREAT WAR …
10 Aug 2025 Leave a comment
in defence economics, war and peace Tags: World War I
Carney Limits Canadians’ Access to News
10 Aug 2025 1 Comment
in economics of regulation, politics Tags: Canada, free speech, media bias, political correctness, regressive left
Another blow against free speech in Canada reported in rightforcanada article Carney defends internet censorship bill, tells Canadians to rely on CBC for news. Excerpts in italics with my bolds and added images. PM Mark Carney dismissed concerns over Bill C-18’s restrictions on sharing news on social media, promoting the Liberal-funded CBC as the primary […]
Carney Limits Canadians’ Access to News
The Press found to have breached Media Council rules with its school lunches article
10 Aug 2025 Leave a comment
in economics of education, politics - New Zealand Tags: media bias
The Media Council has upheld a complaint by David Seymour’s office against this article on school lunches. It was found to have breached both the fairness and conflict of interest principles. The first issue was that they ran the article, and didn’t even ask the Minister for comment. They only quoted opponents of the new […]
The Press found to have breached Media Council rules with its school lunches article
The Lancet publishes a glowing but deeply misguided review of a book that denies the sex binary, yet the author of the review had previously TOUTED the sex binary
09 Aug 2025 1 Comment
in discrimination, economics of education, gender, liberalism, Marxist economics, politics - USA Tags: evolutionary biology, free speech, political correctness, regressive left, sex discrimination
We’ve all learned that The Lancet, once a respectable journal, has gone full-on “progressive,” denying the sex binary, adopting a comprehensive Left progressive position, blaming rich white countries for all the health problems of poorer countries, and advocating gender-activist language, as it did in its widely-criticized cover below. Much of this was done under the […]
The Lancet publishes a glowing but deeply misguided review of a book that denies the sex binary, yet the author of the review had previously TOUTED the sex binary
The US Auto Industry: Evolving, not Evaporating
09 Aug 2025 Leave a comment
in economic history, industrial organisation, labour economics, labour supply, survivor principle, transport economics, urban economics
One of those facts that “everyone knows” is that the US auto industry has been crushed by foreign competition. As Adam Ozimek points out in “Myths and Lessons from a Century of American Automaking” (Economic Innovation Institute, August 1, 2025), while the US car industry certainly no longer features large manufacturing plants in the city…
The US Auto Industry: Evolving, not Evaporating
Inciting abuse
08 Aug 2025 Leave a comment
in economics of crime, law and economics, politics - New Zealand, property rights
An email from Don Brash of Hobson’s Pledge explains the plan for its campaign against Māori wards on councils ran into trouble when they used a stock photo of a woman who supports the wards and was very upset when her image was used on billboards. When they learned of her distress they instructed the […]
Inciting abuse
Diocletian, the Roman Empire, and Forever Failing Price Controls
08 Aug 2025 1 Comment
in applied price theory, economic history, economics of regulation, history of economic thought Tags: price controls, Roman empire
By Tarnell Brown. At EconLog.”The Roman Empire was in trouble. During the fifty-plus years known as the Crisis of the Third Century (235-284 AD), the throne of Rome changed some 26 times, with the Roman Army engaging in a steady diet of crowning and removing claimants to the throne. These autocrats, known as “barracks emperors,”…
Diocletian, the Roman Empire, and Forever Failing Price Controls
The Indian Wedding
08 Aug 2025 1 Comment
in economics of love and marriage, law and economics Tags: India, marriage and divorce
Another great piece by Samir Varma on Indian marriages—where deep traditions endure, even as subtle revolutions unfold around the edges.. It starts with this kicker: When I told my mother I was marrying my girlfriend, an Italian Jew, she called all my friends in the US asking them to break us up. When that failed, […]
The Indian Wedding
Did the Minnesota housing reform lower housing costs?
07 Aug 2025 1 Comment
in applied price theory, law and economics, politics - USA, property rights, Public Choice, rentseeking, urban economics Tags: housing affordability, land supply, zoning
Yes: In December 2018, Minneapolis became the first U.S. city to eliminate single-family zoning through the Minneapolis 2040 Plan, a landmark reform with a central focus on improving housing affordability. This paper estimates the effect of the Minneapolis 2040 Plan on home values and rental prices. Using a synthetic control approach we find that the […]
Did the Minnesota housing reform lower housing costs?
GUEST POST: On the long-term costs of New Zealand Superannuation: more affordable now?
07 Aug 2025 Leave a comment
in income redistribution, labour economics, politics - New Zealand, Public Choice, public economics Tags: ageing society
A guest post by Michael Littlewood: As New Zealand’s population ages and, in particular, as the proportion of over-65s increases, the cost of New Zealand Superannuation (NZS) is rising. We know that and it doesn’t help us understand the issues to create headlines that catastrophise the expected costs. The pensions payable in the future, public […]
GUEST POST: On the long-term costs of New Zealand Superannuation: more affordable now?
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