The Herald reports: Ngāti Hine leader Pita Tipene is ruling out a settlement under this Government after remarks made by Treaty Negotiations Minister Paul Goldsmith. Goldsmith said on Tuesday the Government would not agree to Treaty settlements that disputed whether the Crown is now sovereign. Under the previous Labour Government, an initial deed of settlement […]
A clear line
A clear line
19 Jun 2025 Leave a comment
in constitutional political economy, law and economics, politics - New Zealand, property rights, Public Choice Tags: constitutional law
Sovereignty line in sand
18 Jun 2025 Leave a comment
in constitutional political economy, economic history, law and economics, politics - New Zealand, property rights, Public Choice Tags: constitutional law
The government has drawn a line in the sand on sovereignty: Treaty Negotiations Minister Paul Goldsmith says the Government will not agree to Treaty settlements that dispute whether the Crown is now sovereign. Goldsmith made the comments to the Māori Affairs select committee this morning amid ongoing negotiations with East Coast iwi Te Whānau-ā-Apanui and […]
Sovereignty line in sand
Stefan Theil: Medical Incapacity and the UK Constitution
15 Jun 2025 Leave a comment
in constitutional political economy, economic history, politics, Public Choice Tags: British constitutional law
In the United Kingdom, the mental health of politicians has traditionally commanded relatively little attention, perhaps due to popular cynicism and distrust towards elected officials. Still, those involved in UK political life have characterised it as a ‘rough old game’, with MPs referencing broken marriages, overwork, loss of friendships and poor sleep. Over time, MPs […]
Stefan Theil: Medical Incapacity and the UK Constitution
Effects of Zoning: when we restrict supply, prices go up.
14 Jun 2025 1 Comment
in applied price theory, econometerics, income redistribution, law and economics, property rights, Public Choice, public economics, rentseeking, urban economics Tags: housing affordability, land supply, zoning
What happened when Spain brought back the wealth tax?
13 Jun 2025 1 Comment
in applied price theory, Public Choice, public economics Tags: Spain, taxation and entrepreneurship, taxation and investment, taxation and savings
From the Journal of Public Economics Twitter feed: What happened when Spain brought back the Wealth Tax in 2011? Using variation in exposure, this paper finds: – No drop in savings, but drop in taxable wealth—mainly via legal avoidance – Asset shifting caused most revenue loss – Estimated revenue loss was 2.75x initial 2011 rev. […]
What happened when Spain brought back the wealth tax?
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)
The Maori Party thumbs its nose at democracy
10 Jun 2025 Leave a comment
in law and economics, politics - New Zealand, property rights, Public Choice, rentseeking Tags: constitutional law, racial discrimination
Michael Bassett writes – Have you noticed how contemptuous the Maori Party’s MPs are of democracy? After all, people who self-designate themselves as Maori are only 17% of the population. And amongst them, only a small proportion vote for the Maori Party. The brutal reality is that much higher numbers of Maori support Labour, while […]
The Maori Party thumbs its nose at democracy
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
The Ultra Vires Reach of the Resource Management Act: Te Tiriti Obligations, Private Citizens, and the Erosion of Legal Boundaries
05 Jun 2025 Leave a comment
in economics of bureaucracy, economics of regulation, law and economics, politics - New Zealand, property rights, Public Choice, rentseeking Tags: constitutional law
Zoran Rakovic writes – This essay argues that the New Zealand government has acted ultra vires by interpreting and applying the Resource Management Act 1991 (RMA) in ways that impose Te Tiriti o Waitangi obligations upon private citizens and resource consent applicants without express statutory authority or due compensation. The practice violates foundational principles of […]
The Ultra Vires Reach of the Resource Management Act: Te Tiriti Obligations, Private Citizens, and the Erosion of Legal Boundaries
Again, There is No Right to a Stable Climate
04 Jun 2025 1 Comment
in constitutional political economy, 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, rentseeking, resource economics Tags: climate activists, climate alarmism, nuisance suits
Announced this week was this from Inside Climate News: Trump Executive Orders Violate Young People’s Rights to a Stable Climate, a Lawsuit Alleges. Excerpts in italics with my bolds. Twenty-two young people from across the country sued the Trump administration over the executive orders, which prioritize the expansion of fossil fuels. The complaint, filed Thursday […]
Again, There is No Right to a Stable Climate
Advertising for a Governor
03 Jun 2025 Leave a comment
in economics of bureaucracy, inflation targeting, macroeconomics, monetary economics, politics - New Zealand, Public Choice Tags: monetary policy
If you want to be Reserve Bank Governor, think you have what it takes, (and haven’t yet been approached by the Board’s recruitment company) you will need to get moving. Applications close on Friday. As a reminder, much of the process (unusually by international standards) is controlled by the Bank’s Board, most of whom were […]
Advertising for a Governor
SCOTUS Slaps Down Green Overreach: 8-0 Ruling Frees Infrastructure from NEPA Shackles
03 Jun 2025 Leave a comment
in economics of bureaucracy, economics of regulation, environmental economics, environmentalism, law and economics, politics - USA, property rights, Public Choice
he fact that the project might foreseeably lead to the construction or increased use of a separate project does not mean the agency must consider that separate project’s environmental effects
SCOTUS Slaps Down Green Overreach: 8-0 Ruling Frees Infrastructure from NEPA Shackles
*Crisis Cycle*
02 Jun 2025 Leave a comment
in budget deficits, business cycles, currency unions, Euro crisis, fiscal policy, global financial crisis (GFC), great recession, history of economic thought, international economic law, international economics, macroeconomics, monetarism, monetary economics, Public Choice Tags: European Union
That is the new book by John H. Cochrane, Luis Garicano, and Klaus Masuch, and the subtitle is Challenges, Evolution, and Future of the Euro. Excerpt: Our main theme is not actions taken in crises, but that member states and EU institutions did not clean up between crises. They did not reestablish a sustainable framework […]
*Crisis Cycle*
Counting the Cost
01 Jun 2025 Leave a comment
in applied price theory, discrimination, gender, human capital, income redistribution, labour economics, labour supply, occupational choice, politics - New Zealand, poverty and inequality, Public Choice, rentseeking Tags: constitutional law, gender wage gap, sex discrimination
For all the gravitas which Dame Marilyn’s involvement has conferred upon PSCPE, it is important not to lose sight of the fact that it represents a deliberate attempt to morally overpower what is now the law of the land. Chris Trotter writes – The People’s Select Committee on Pay Equity (PSCPE) is looking for evidence. […]
Counting the Cost
Utopia, you are standing in it! 
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