Presidential campaign spending is overwhelmingly on TV ads in swing states
21 Jul 2015 Leave a comment
in politics - USA, Public Choice Tags: 2016 presidential election, campaign finance reform, campaign finance regulation, political advertising, swing states
Presidential campaign spending is overwhelmingly on TV ads in swing states. vox.com/2014/7/30/5949… http://t.co/szyXQZjnxG—
Vox Maps (@VoxMaps) June 16, 2015
The cost of sports stadium races to the bottom and the cost of going to Pluto compared
20 Jul 2015 Leave a comment
in rentseeking, sports economics Tags: corporate welfare, expressive voting, NASA, Pluto, space, sports, sports stadiums, welfare
Why I loath consensus making and bipartisanship
19 Jul 2015 Leave a comment
in constitutional political economy, income redistribution, Public Choice, rentseeking Tags: bipartisanship, Margaret Thatcher, political polarisation
The Amtrak and KiwiRail bailouts compared
18 Jul 2015 1 Comment
in economic history, economics of bureaucracy, politics - New Zealand, politics - USA, Public Choice, rentseeking, transport economics Tags: Amtrak, corporate welfare, expressive voting, industry policy, KiwiRail, privatisation, rational ignorance, rational irrationality, state owned enterprises
Figure 1: Amtrak and KiwiRail bailouts, (exchange rate US$1:NZ$1.53), 2008 – 2015
Sources: Federal Funding Received by Amtrak | Mercatus and New report: Corporate welfare in the 2015 budget – Taxpayers’ Union.
New Zealand with its KiwiRail does a good job of keeping up with the Amtrak bailout especially when you look at figure 2, which computes the bailouts on a per capita basis.
Figure 2: Amtrak and KiwiRail bailouts per capita (2014 populations), (exchange rate US$1:NZ$1.53), 2008 – 2015
Sources: Federal Funding Received by Amtrak | Mercatus and New report: Corporate welfare in the 2015 budget – Taxpayers’ Union.
Where not to invest in Europe
18 Jul 2015 Leave a comment
in applied price theory, applied welfare economics, comparative institutional analysis, economics of bureaucracy, economics of regulation, industrial organisation, law and economics, property rights, Public Choice, rentseeking, survivor principle Tags: doing business, Eurosclerosis, Greece
Where not to invest in Europe: Greece econ.st/1TAd3CZ http://t.co/X9vtnz0uhQ—
The Economist (@EconBizFin) July 15, 2015
Maggie Thatcher on the Greek crisis
17 Jul 2015 Leave a comment
in applied welfare economics, budget deficits, comparative institutional analysis, constitutional political economy, currency unions, economic growth, economic history, economics of regulation, Euro crisis, fiscal policy, income redistribution, macroeconomics, Marxist economics, Public Choice, rentseeking Tags: Greece, growth of government, Margaret Thatcher, size of government
Latin American populism versus the East Asian Tigers
17 Jul 2015 Leave a comment
in comparative institutional analysis, constitutional political economy, development economics, economics of bureaucracy, growth disasters, growth miracles, income redistribution, Public Choice, rentseeking Tags: East Asian Tigers, Latin American populism
Growth paths of #LatAm & the Caribbean the South East Tigers: wrld.bg/NCtLt #RiseoftheSouth http://t.co/IFuUOWldox—
World Bank Pubs (@WBPubs) May 31, 2015
Capitalism and The Great Fact in China
17 Jul 2015 Leave a comment
in applied price theory, applied welfare economics, comparative institutional analysis, development economics, economic history, economics of education, economics of regulation, entrepreneurship, environmental economics, growth disasters, growth miracles, history of economic thought, industrial organisation, Marxist economics, Public Choice Tags: capitalism and freedom, China, fall of communism, Leftover Left, transitional economies
As China grew freer economically, its poverty rate fell. buff.ly/1KohOxS http://t.co/OpaxOzNdNs—
HumanProgress.org (@humanprogress) June 29, 2015
Entrepreneurial alertness in green, clean technologies
17 Jul 2015 Leave a comment
in economics of information, economics of media and culture, environmental economics, global warming, Public Choice Tags: climate alarmism, creative destruction, entrepreneurial alertness, global warming, green technologies, innovation
How to argue for inequality and neoliberalism when arguing dead set against it
17 Jul 2015 Leave a comment
in economic growth, economic history, human capital, income redistribution, labour economics, labour supply, politics - New Zealand, poverty and inequality, Public Choice, rentseeking Tags: Leftover Left, neoliberalism, top 1%
On 12 August last, Closer Together New Zealand posted a chart showing average hourly wages had been stagnant for 20 years and then started growing again in 1993. Closer Together New Zealand then rounded up the usual suspects of the Left over Left.
Later that month in a comment on that post, a chart was posted showing that inequality had been increasing quite rapidly in the late 1980s and early 1990s in New Zealand. There were a range of economic reforms Closer Together New Zealand didn’t like in the late 1980s and early 1990s.
Closer Together New Zealand did not notice their second chart showed there had been a large increase in inequality, and their first chart showed that this was followed by the return of regular average hourly wages after 20 years of stagnation.
I am not so vulgar as to suggest correlation is causation, but it is amusing to watch that one day a chart is posted showing a resumption of wages growth after 20 years of wage stagnation and the next day a chart is posted showing that the major economic developments in the preceding years were a large increase in inequality and substantial economic liberalisation.
To add to my amusement, a companion site Inequality A New Zealand Conversation posted a chart showing the top 1% had not had much at all in income growth for the last 20 years while most everyone else had. This spike in the incomes of the top 1% prior to about 1994 was followed by the resumption in average wages growth after 1994.
The time when the mass kidnappings of principled anti-war activists started has been uncovered
16 Jul 2015 Leave a comment
in politics - USA, Public Choice Tags: activists, anti-war movement, expressive voting, green hypocrisy, Left-wing hypocrisy, Leftover Left, mass kidnappings, peace movement
via What’s Wrong With the U.S. Peace Movement, Bryan Caplan | EconLog | Library of Economics and Liberty.
James Hackman and the four types of welfare state
16 Jul 2015 Leave a comment
in constitutional political economy, income redistribution, Public Choice, rentseeking, welfare reform Tags: Director's Law, James Hackman, social insurance, welfare state
Poverty rates among immigrants and natives across the OECD
16 Jul 2015 Leave a comment
in income redistribution, labour economics, politics - Australia, politics - New Zealand, politics - USA, poverty and inequality, welfare reform Tags: Australia, child poverty, economics of immigration, family poverty
And the rich got richer, who cares
16 Jul 2015 Leave a comment
in applied price theory, applied welfare economics, Austrian economics, comparative institutional analysis, constitutional political economy, development economics, economic history, economics of bureaucracy, economics of education, economics of regulation, economics of religion, energy economics, entrepreneurship, environmental economics, financial economics, growth disasters, growth miracles, income redistribution, industrial organisation, international economics, labour economics, labour supply, liberalism, poverty and inequality, Public Choice, rentseeking, survivor principle, transport economics, urban economics Tags: Deirdre McCloskey, entrepreneurial alertness, The Great Enrichment, The Great Escape, The Great Fact, top 1%
"The rich got richer, true. But…" —@DeirdreMcClosk buff.ly/1Imdv4o http://t.co/M3ERx3JTIn—
HumanProgress.org (@humanprogress) June 28, 2015
Utopia, you are standing in it! 
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