Eric Crampton writes – The Regulatory Standards Bill before Parliament provides no enforceable legal right to compensation for the cost of regulation. It only suggests that compensation can be warranted when regulation takes or impairs property. A sovereign Parliament remains free to ignore that advice, as is made abundantly clear in sections 24 through 26 […]
Making sense of the case for compensation in regulatory bill
Making sense of the case for compensation in regulatory bill
21 Jul 2025 Leave a comment
in applied price theory, economics of bureaucracy, income redistribution, law and economics, politics - New Zealand, property rights, Public Choice, public economics Tags: takings
The Timing of Abundance
18 Jul 2025 Leave a comment
in applied price theory, economic history, economics of bureaucracy, economics of regulation, environmental economics, income redistribution, law and economics, politics - USA, property rights, Public Choice, rentseeking, urban economics Tags: housing affordability, land supply, zoning
In case you missed my *Build, Baby, Build* because of the 2024 election.
The Timing of Abundance
Expanding the Milei Miracle: Labor Market Deregulation
12 Jul 2025 1 Comment
in development economics, economics of bureaucracy, economics of regulation, growth disasters, labour economics, labour supply, Public Choice Tags: Argentina, employment law
Part I of this video series gave a brief summary of how Javier Milei’s free market policies have rejuvenated Argentina’s economy. But more reform is needed and this second video makes the case for labor market deregulation. Politicians impose so-called employment protection laws because of “public choice.” To be more specific, they understand that the […]
Expanding the Milei Miracle: Labor Market Deregulation
EPA Suspends over 140 Toxic Employees Who Wrote Letter Denouncing Trump Policies
09 Jul 2025 1 Comment
in economics of bureaucracy, economics of climate change, energy economics, environmental economics, environmentalism, global warming, labour economics, labour supply, occupational choice, personnel economics, politics - USA, Public Choice
The best part of this story is two fold. First, these individuals have done a good job of self-identif[ying] themselves as fifth columnists inside the Trump administration, making it easier to get rid of them.
EPA Suspends over 140 Toxic Employees Who Wrote Letter Denouncing Trump Policies
A story the media ignored
08 Jul 2025 Leave a comment
in economics of bureaucracy, economics of education, politics - New Zealand, Public Choice, rentseeking
David Farrar writes – The Taxpayers’ Union revealed: The Taxpayers’ Union can reveal that Te Wharekura o Tauranga Moana is set to take staff to Tahiti this Friday and refuses to answer basic questions to justify the spend.
A story the media ignored
Massive Rent-Seeking in India’s Government Job Examination System
03 Jul 2025 1 Comment
in applied price theory, development economics, economics of bureaucracy, economics of education, growth disasters, growth miracles, labour economics, occupational choice, personnel economics, Public Choice Tags: India
In India, government jobs pay far more than equivalent jobs in the private sector–so much so that the entire labor market and educational system have become grossly distorted by rent seeking to obtain these jobs. Teachers in the public sector, for example, are paid at least five times more than in the private sector. It’s […]
Massive Rent-Seeking in India’s Government Job Examination System
“The End Goal of Seizing the Means of Production”: Yup, Mamdani is a Hardcore Marxist
03 Jul 2025 Leave a comment
in applied price theory, comparative institutional analysis, constitutional political economy, economics of bureaucracy, economics of education, economics of regulation, liberalism, Marxist economics, politics - USA, Public Choice
Below is my column on Fox.com on the debate that Democratic New York mayoral candidate Zohran Mamdani is a socialist, a Democratic Socialist, or a communist. What is clear is that Mamdani is a Marxist and that is a serious problem for New York. Here is the column:
“The End Goal of Seizing the Means of Production”: Yup, Mamdani is a Hardcore Marxist
Failing to Learn the Lessons of History
01 Jul 2025 1 Comment
in applied price theory, economics of bureaucracy, entrepreneurship, income redistribution, industrial organisation, labour economics, politics - USA, Public Choice, public economics, unions, urban economics
Plenty of people have commented on New York City mayoral candidate Zohran Mamdani’s proposal to lower food prices by creating city-owned grocery stores, but there is still more to be said about this plan. Mamdani either thinks or believes that voters think that store owners are making huge profit through … Continue reading →
Failing to Learn the Lessons of History
World’s Best Tweet about Communism and Capitalism
25 Jun 2025 Leave a comment
in development economics, economics of bureaucracy, growth disasters, history of economic thought, liberalism, Marxist economics, Public Choice Tags: capitalism and freedom, capitalism and socialism, economics of central planning
I shared a very clever tweet back in 2018 that highlighted the huge gap between “almost capitalism” and “almost socialism.” That column was entitled the “World’s Best Tweet about Socialism and Capitalism.” And capitalism won the comparison (needless to say). Let’s do the same thing today, but we’ll replace socialism with communism. And our “Best […]
World’s Best Tweet about Communism and Capitalism
Supreme Court Delivers Blow To California Climate Zealots
24 Jun 2025 Leave a comment
in economics of bureaucracy, economics of regulation, energy economics, environmental economics, global warming, law and economics, politics - USA, property rights, Public Choice, transport economics
“The Supreme Court put to rest any question about whether fuel manufacturers have a right to challenge unlawful electric vehicle mandates,” American Fuel & Petrochemical Manufacturers (AFPM) President and CEO Chet Thompson said in a statement.
Supreme Court Delivers Blow To California Climate Zealots
Is ‘by Maori for Maori’ shifting the dial?
21 Jun 2025 Leave a comment
in discrimination, economics of bureaucracy, health economics, politics - New Zealand, Public Choice Tags: racial discrimination
On June 18, 2025, Health New Zealand published extensive data (March 2025 quarter) in a two-page spread contained in The Post. I assume this was replicated in other New Zealand newspapers. Included were childhood immunisation rates. At the bottom of the table for full immunisation at 24 months are Northland and Tairawhiti districts (improving trend) followed…
Is ‘by Maori for Maori’ shifting the dial?
A new ferry that didn’t cost us a cent
20 Jun 2025 Leave a comment
in economics of bureaucracy, politics - New Zealand, Public Choice, transport economics
Stuff reports: There has been a lot written about Cook Strait ferries lately but far off in the distance, a new ship that will sail between the North and South Islands is slowly making its way here. Called Livia, the ship has had a fresh coat of paint to transform it from the Stena Line colours into […]
A new ferry that didn’t cost us a cent
The Orr story (well, part of it anyway)
11 Jun 2025 Leave a comment
in economics of bureaucracy, inflation targeting, macroeconomics, monetary economics, politics - New Zealand, Public Choice Tags: monetary policy
Months after various OIAs had been lodged on the question of Adrian Orr’s sudden departure on 5 March, we finally got a partial dump of documents this morning. (Sufficiently mishandled that at 10:04 this morning they’d send an email to OIA requesters saying they’d email out the response at 10:45 and then have it on […]
The Orr story (well, part of it anyway)
America’s Housing Supply Problem: The Closing of the Suburban Frontier?
08 Jun 2025 1 Comment
in economics of bureaucracy, economics of regulation, income redistribution, politics - USA, Public Choice, regulation, rentseeking, urban economics Tags: housing affordability, land supply, zoning
Housing prices across much of America have hit historic highs, while less housing is being built. If the U.S. housing stock had expanded at the same rate from 2000-2020 as it did from 1980-2000, there would be 15 million more housing units. This paper analyzes the decline of America’s new housing supply, focusing on large […]
America’s Housing Supply Problem: The Closing of the Suburban Frontier?
No Exit, No Entry
05 Jun 2025 Leave a comment
in applied price theory, development economics, economics of bureaucracy, economics of regulation, growth disasters, growth miracles, industrial organisation, labour economics, labour supply, law and economics, property rights, Public Choice, survivor principle Tags: employment law, India
In our textbook, Modern Principles, Tyler and I contrast basic U.S. labor law, at-will employment—where employers may terminate workers for any reason not explicitly illegal (e.g., racial or sexual discrimination), without notice or severance—with Portugal’s “just cause” regime, which requires employers to prove a valid reason, give advance notice, pay severance, and endure extensive regulatory […]
No Exit, No Entry
Utopia, you are standing in it! 
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