Celebrating humanity's flourishing through the spread of capitalism and the rule of law
28 Jun 2026 1 Comment
in applied price theory, income redistribution, law and economics, Marxist economics, politics - USA, property rights, Public Choice, urban economics Tags: rent control
I’ve written several columns (here, here, here, here, and here) detailing the folly of rent control. And now that New York City’s dilettante socialist mayor has proposed to expand rent control, I thought about doing the same thing. But I noticed so many clever comments on Twitter/X that I decided on a different approach. Here […]
Nine Tweets Ripping Mamdani’s Economically Illiterate Expansion of Rent Control
16 Jun 2026 Leave a comment
in development economics, fiscal policy, human capital, income redistribution, labour economics, labour supply, macroeconomics, poverty and inequality, Public Choice Tags: development aid, regressive left, taxation and entrepreneurship, taxation and investment, top 1%
Remember Thomas Piketty, the pro-class-warfare economist who is infamous for shoddy analysis and who also made a fool of himself by asserting back in 2023 that Javier Milei’s election in Argentina would lead to economic disaster? Yes, that Thomas Piketty. It turns out he’s also a “watermelon,” which is the derisive term for leftists who […]
Watermelon Economics
13 Jun 2026 Leave a comment
in applied price theory, development economics, econometerics, economic growth, economic history, economics of climate change, economics of regulation, energy economics, environmental economics, environmentalism, fiscal policy, global warming, human capital, income redistribution, industrial organisation, international economics, labour economics, labour supply, macroeconomics, Public Choice, public economics Tags: climate activists, climate alarmism, regressive left
The world’s poor deserve better than another utopia designed for them by the globalist intelligentsia. They deserve cheap energy, open markets, secure property rights, and the freedom to industrialise on terms they choose for themselves. That is what worked in East Asia. It is what will work in South Asia, Africa and Latin America. And…
Piketty’s Eco-Marxist Utopia: Why Degrowth and Global Redistribution Will Trap the Poor in Poverty
11 Jun 2026 Leave a comment
in income redistribution, law and economics, politics - USA, Public Choice, public economics Tags: taxation and entrepreneurship, taxation and investment
There is an interesting controversy brewing in California after four California university professors threatened a political candidate, Richard Lucas, for…
Professors Behind the California Wealth Tax Threaten Possible Legal Action Against Critic
09 Jun 2026 Leave a comment
in economic growth, fiscal policy, income redistribution, labour economics, labour supply, macroeconomics, politics - New Zealand, Public Choice, public economics Tags: ageing society, economics of immigration, population bust
Lyric Waiwiri-Smith at The Spinoff asked me what I thought the options might be for dealing with rising superannuation costs. Her story’s here, along with comment from Max Rashbrooke and Shamubeel Eaqub. My most-preferred option is ongoing increases in immigration rates, coupled with shifting to CPI-indexation of super benefits and indexing the age of eligibility to healthy…
Superannuation affordability options
02 Jun 2026 Leave a comment
in applied price theory, development economics, economic growth, economic history, economics of climate change, energy economics, environmental economics, environmentalism, global warming, income redistribution, industrial organisation, labour economics, macroeconomics, Public Choice, rentseeking Tags: Argentina, Germany
I was astounded in 2020 when I read an article in the New York Times about the economic catastrophe in Venezuela and there was not a single mention of socialism. And I was even more astounded in 2024 when the NYT published another article about Venezuela’s economic misery and once again didn’t mention socialism. Today’s […]
Absurdity Alert: Writing About Germany’s Economic Decline Without Mentioning Green Energy Policies
29 May 2026 Leave a comment
in applied price theory, economic growth, economic history, fiscal policy, income redistribution, industrial organisation, labour economics, labour supply, macroeconomics, occupational choice, P.T. Bauer, poverty and inequality, Public Choice, public economics Tags: European Union
Given the relative economic weakness that plagues most European nations (documented here, here, here, here, and here), a top priority for policy makers should be to improve incentives for wealth creation. But that assumes politicians care about the prosperity of citizens. Based on a new report from the European Commission, the answer is no. Instead of […]
Europe’s War on Wealth
25 May 2026 Leave a comment
in applied price theory, economic growth, economic history, income redistribution, labour economics, macroeconomics, poverty and inequality, Public Choice Tags: France
Earlier this month, in Part V of my series on the U.S. vs. Europe (previous versions available here, here, here, and here), I shared a chart showing the OECD calculations of “Actual Individual Consumption.” The AIC numbers are designed to give people an apples-to-apples comparison of living standards. I’m re-sharing the chart today, and I’ve […]
Are Living Standards Higher in France or Mississippi?
24 May 2026 Leave a comment
in applied price theory, economic growth, entrepreneurship, fiscal policy, human capital, income redistribution, labour economics, labour supply, macroeconomics, poverty and inequality, Public Choice, public economics Tags: taxation and entrepreneurship, taxation and investment, taxation and labour supply
I’ve shared several columns (here, here, here, here, and here) reviewing scholarly research on the harmful economic impact of wealth taxation. From now on, however, I think I’ll simply share this clever video from the folks at Reason. The video uses humor to make very important points about how a wealth tax would diminish incentives […]
The (Amusingly) Destructive Economics of Wealth Taxation
25 Apr 2026 Leave a comment
in applied price theory, economics of media and culture, fiscal policy, human capital, income redistribution, labour economics, labour supply, macroeconomics, politics - USA, Public Choice, public economics Tags: taxation and entrepreneurship, taxation and investment, taxation and labour supply
People sometimes will get excited about big-picture tax fights – whether politicians should raise taxes, whether they should add a VAT, or whether they should scrap the IRS for a flat tax. On the other had, there are a handful of tax issues that induce drowsiness but are nonetheless very important for purposes of tax […]
The Washington Post vs Elizabeth Warren
19 Apr 2026 Leave a comment
in applied price theory, econometerics, entrepreneurship, fiscal policy, human capital, income redistribution, labour economics, labour supply, macroeconomics, poverty and inequality, Public Choice, public economics Tags: taxation and entrepreneurship, taxation and investment, taxation and labour supply
In Part I of this series back in 2014, we looked at some academic research from Canada showing that the revenue-maximizing tax rate on the richest taxpayers was 27.5 percent. A key insight from that research is that high-income taxpayers have considerable control over the timing, level, and composition of their income (just like in […]
The Laffer Curve and Limits to Class Warfare Tax Policy, Part II
18 Apr 2026 Leave a comment
in applied price theory, economic history, history of economic thought, income redistribution, industrial organisation, international economics, labour economics, labour supply, politics - USA, poverty and inequality, Public Choice, rentseeking, survivor principle Tags: creative destruction, free trade, tarrifs
In our textbook, Modern Principles, Tyler and I emphasize that Congress and the President are subject to a higher law, the law of supply and demand. In an excellent column, Jason Furman gives a clear example of how difficult it is to fight the law of inelastic demand: …Today a given number of autoworkers can…
The President(s) Fought the Law and the Law Won
15 Apr 2026 Leave a comment
in economics of regulation, income redistribution, politics - USA, Public Choice, rentseeking, urban economics Tags: regressive left, rent control
Rep. Ayanna Pressley (D., Mass.) joined fellow Democrats last week in calling for the passage of the Housing Emergencies Lifeline Program…
“Evictions are an Act of Policy Violence”: Pressley and Democrats Introduce Eviction Reform Legislation
11 Apr 2026 Leave a comment
in income redistribution, Music, politics - New Zealand, Public Choice
The Spinoff becomes an unlikely fiscal conservative: Tourism minister Louise Upston was excited when she announced that Robbie Williams will play two shows in Auckland and Christchurch later this year. “It’s fantastic to welcome a showstopper act like Robbie, giving fans the chance to see him entertaining us,” she said in a press release. The…
A good corporate welfare expose
06 Apr 2026 1 Comment
in applied price theory, econometerics, economics of regulation, income redistribution, labour economics, labour supply, politics - USA, Public Choice, unemployment
Two recent joint-papers Did California’s Fast Food Minimum Wage Reduce Employment? by Clemens, Edwards and Meer and The Effects of California’s $20 Fast Food Minimum Wage on Prices by Clemens, Edwards, Meer and Nguyen give what I think is a plausible and consistent account of California’s $20 fast food minimum wage. California’s $20 fast food…
The CA Minimum Wage Increase: Summing Up
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
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
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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Celebrating humanity's flourishing through the spread of capitalism and the rule of law
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
Res ipsa loquitur - The thing itself speaks
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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
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Utopia, you are standing in it! 
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