Celebrating humanity's flourishing through the spread of capitalism and the rule of law
20 Jan 2026 Leave a comment
in applied price theory, development economics, economic growth, economic history, growth miracles, income redistribution, labour economics, liberalism, macroeconomics, Marxist economics, poverty and inequality, Public Choice, technological progress Tags: regressive left, The Great Enrichment
As I wrote nine years ago, Oxfam is a pathetic organization. Originally created to help the poor, it has been captured by activists who peddle class warfare. But they play that role in an incredibly sloppy fashion. In all the debates I’ve been part of over the years, no left-leaning academic has been willing to […]
Part II: Oxfam Is a Leftist Joke, not a Real Charity
14 Jan 2026 Leave a comment
in applied price theory, economics of regulation, income redistribution, law and economics, property rights, Public Choice, rentseeking, Thomas Sowell, urban economics Tags: housing affordability, land supply
Tweet… is from page 152 of Thomas Sowell’s Compassion Versus Guilt, a 1987 collection of some of his popular essays; specifically, it’s from Sowell’s June 14th, 1985, column titled “Chances versus Guarantees”: People who bought homes in a quiet little town often become resentful when other people begin moving in, expanding and changing the community.…
Quotation of the Day…
12 Jan 2026 Leave a comment
in applied price theory, income redistribution, labour economics, labour supply, politics - USA, Public Choice Tags: economics of immigration
More recently, his research has found new attention and urgency in President Donald Trump’s second term: Borjas, 75, worked as a top economist on the Council of Economic Advisers, a post he stepped down from last week. Borjas is an immigrant and refugee who escaped Cuba for the United States in 1962 and later obtained…
Profile of George Borjas and his influence
11 Jan 2026 Leave a comment
in applied price theory, economics of regulation, financial economics, income redistribution, politics - USA, Public Choice, regulation, rentseeking
No, today’s column is not about Trump’s inane protectionism, which is definitely an example of economic illiteracy. It’s about another area where Trump is copying Joe Biden, channeling Elizabeth Warren, mind-melding with AOC, and acting like Bernie Sanders. Though it probably is indirectly connected with protectionism. “Affordability” has become a big issue, in part because […]
Trump’s Shameful Economic Illiteracy
09 Jan 2026 Leave a comment
in development economics, growth disasters, history of economic thought, law and economics, liberalism, Marxist economics, politics - USA, property rights, Public Choice
Below is my column in the New York Post on the bizarre effort of Democratic Socialist leaders to herald South…
Mamdani and Other Socialists Tout South Africa and Cuba as Models for Good Government
08 Jan 2026 1 Comment
in development economics, economics of bureaucracy, economics of climate change, energy economics, environmental economics, environmentalism, global warming, International law, politics - USA, Public Choice Tags: climate alarmism
…the exit from IPCC-adjacent institutions is not an isolated gesture, but a blunt, in your face, message that the era of unquestioned deference to transnational climate bureaucracy is over.
U.S. Withdraws from the IPCC—and Dismantles a Global Climate Bureaucracy
06 Jan 2026 Leave a comment
in applied price theory, development economics, economics of bureaucracy, economics of regulation, entrepreneurship, growth disasters, growth miracles, industrial organisation, labour economics, law and economics, politics - USA, property rights, Public Choice
Our colleague Thomas Stratmann writes about the political economy of Indian reservations in his excellent Substack Rules and Results. Across 123 tribal nations in the lower 48 states, median household income for Native American residents ranges from roughly $20,000 to over $130,000—a sixfold difference. Some reservations have household incomes comparable to middle-class America. Others face persistent…
Why Some US Indian Reservations Prosper While Others Struggle
01 Jan 2026 Leave a comment
in economics of bureaucracy, economics of climate change, economics of regulation, energy economics, environmental economics, environmentalism, global warming, law and economics, politics - USA, property rights, Public Choice Tags: nuisance suits
Anti-oil and gas advocates across the country have pursued litigation in recent years attempting to force the fossil fuel industry to pay for decades of financial damages the advocates claim were caused by climate change.
Climate activists v. the U.S. energy industry: Cases to watch in 2026
31 Dec 2025 Leave a comment
in applied price theory, comparative institutional analysis, economics of bureaucracy, environmental economics, industrial organisation, politics - New Zealand, privatisation, Public Choice, urban economics
Radio NZ reports: Auckland Councillors have voted not to proceed with a six-month trial of fortnightly kerbside rubbish collections in parts of the city, after considering public feedback. The proposed trial would’ve halved the number of kerbside collections in Te Atatū, Panmure, Tāmaki, Clendon Park and Weymouth, with the intention of reducing waste to landfill.…
Why not leave rubbish collection to the private sector?
29 Dec 2025 Leave a comment
in economics of bureaucracy, economics of education, liberalism, Marxist economics, politics - New Zealand, Public Choice Tags: free speech, political correctness, regressive left
The Auckland University Freedom of Expression Statement looks very good. It is clear with few weasel words. Key extracts: The University actively fosters and supports lawful and constructive debate by its staff and students on any topic, including with the participation of external speakers invited by a staff member, or a recognised student association or student…
Auckland Uni gets it right
27 Dec 2025 Leave a comment
in applied price theory, Austrian economics, budget deficits, comparative institutional analysis, constitutional political economy, development economics, economic growth, economics of bureaucracy, economics of regulation, fiscal policy, growth disasters, history of economic thought, income redistribution, industrial organisation, labour economics, liberalism, libertarianism, macroeconomics, Public Choice, rentseeking, unemployment Tags: Argentina
As explained in my four-part series (here, here, here, and here) and in this clip from a recent interview, Javier Milei’s first two years have been amazingly successful. There are two points in the interview that deserve emphasis. First, Javier Milei’s libertarian policies already have been extremely beneficial for the Argentine economy. Inflation has dramatically […]
Celebrating Two Years of Libertarian Success in Argentina
25 Dec 2025 Leave a comment
in economics of bureaucracy, economics of climate change, economics of regulation, energy economics, environmental economics, environmentalism, global warming, politics - USA, Public Choice, transport economics Tags: electric cars
Rationing gasoline and diesel under the Climate Act is a predictable prescription for chaos. It is the mobility these motor fuels provide that guarantees rationing to meet the 2030 emissions target will not work.
Fuel rationing chaos looms in New York State
24 Dec 2025 Leave a comment
in applied price theory, history of economic thought, income redistribution, job search and matching, labour economics, labour supply, macroeconomics, minimum wage, politics - New Zealand, poverty and inequality, Public Choice, rentseeking Tags: living wage
23 Dec 2025 Leave a comment
in economics of bureaucracy, economics of climate change, economics of education, economics of natural disasters, economics of regulation, energy economics, environmental economics, environmentalism, global warming, politics - USA, Public Choice Tags: climate alarmism
The Trump administration took a major whack at the climate-industrial complex this week. It’s a fantastic move. But another event this week spotlights the need to do more.
STEVE MILLOY: Trump Dismantles Climate-Industrial Complex
23 Dec 2025 Leave a comment
in applied price theory, comparative institutional analysis, econometerics, economics of regulation, law and economics, market efficiency, property rights, Public Choice, rentseeking, urban economics Tags: rent control
WSJ: What the Twin Cities Tell Us About Fixing the Housing CrisisThe Natural Experiment: In 2022, St. Paul enacted one of the strictest rent-control regimes in the country. The ordinance capped annual rent increases at 3% for most apartments, even empty ones. It didn’t adjust for inflation. … Across the Mississippi River, Minneapolis steered clear of rent…
A tale of two cities and rent control
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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