Celebrating humanity's flourishing through the spread of capitalism and the rule of law
17 Aug 2024 Leave a comment
in applied price theory, comparative institutional analysis, economic history, economics of bureaucracy, economics of regulation, energy economics, health economics, history of economic thought, income redistribution, industrial organisation, international economics, liberalism, Marxist economics, politics - USA, Public Choice, rentseeking Tags: 2024 presidential election, price controls, tariffs
As a Senator, Kamala Harris embraced all sorts of terrible ideas, such as the Green New Deal and Medicare for All. But she’s now disavowed those proposals in an attempt to make herself seem more reasonable. Trump, by contrast, is consistent. For better or worse, he’s pushing in 2024 the same agenda that he ran […]
Kamala Harris, Price Controls, and the Contest for the Dumbest Policy Proposal of 2024
16 Aug 2024 Leave a comment
in income redistribution, law and economics, liberalism, Marxist economics, politics - New Zealand, property rights, Public Choice, rentseeking, resource economics Tags: constitutional law, native title
A letter signed by more than 170 legal “experts” has been circulated around the media in the last few days and quoted extensively. Unfortunately, I have not been able to locate the letter in its entirety but have gathered some quotes. The letter claims to fact check Hobson’s Pledge’s ad which was published on…
DON BRASH: WHO IS MISLEADING THE PUBLIC?
16 Aug 2024 Leave a comment
in development economics, economic growth, economic history, economics of regulation, entrepreneurship, growth disasters, growth miracles, history of economic thought, income redistribution, labour economics, law and economics, liberalism, macroeconomics, Marxist economics, Milton Friedman, politics - USA, poverty and inequality, property rights, Public Choice, public economics, rentseeking Tags: Chile, free speech, political correctness, regressive left, The Great Enrichment, Venezuela
I’ve repeatedly praised Chile’s pro-market reforms (see here, here, and here) and I’ve repeatedly condemned Venezuela’s shift to socialism (see here, here, and here). But if you don’t have time to read all those columns, this chart from the Maddison database tells you everything you need to know. Simply stated, Chile’s reforms have delivered huge […]
Friedman vs Stiglitz, Chile vs Venezuela
14 Aug 2024 Leave a comment
in law and economics, liberalism, Marxist economics, politics - USA, Public Choice Tags: 2024 presidential election, free speech, political correctness, regressive left
In my new book on free speech, I discuss at length how the mainstream media has joined an alliance with the government and corporations in favor of censorship and blacklisting. The Washington Post, however, appears to taking its anti-free speech campaign to a new level with open calls for a crackdown. The newspaper offered no objection […]
“An America Issue”: Washington Post Reporter Calls on White House to Censor Trump for America
13 Aug 2024 Leave a comment
in applied price theory, comparative institutional analysis, constitutional political economy, development economics, economic growth, economic history, economics of bureaucracy, growth disasters, growth miracles, income redistribution, law and economics, macroeconomics, property rights, Public Choice, rentseeking Tags: The Great Enrichment
The recipe for economic growth is not complicated. You can put it in very simple terms, as Adam Smith did a few hundred years ago. Or you can develop and utilize data-heavy indexes like the ones published by the Fraser Institute and Heritage Foundation. In either case, the result will be the same. If you […]
The (Non) Mystery of Economic Growth
12 Aug 2024 Leave a comment
in comparative institutional analysis, politics - USA, Public Choice, transport economics, urban economics
Last week, I observed that “Transit’s failure to recover from the pandemic is due largely to its downtown-centric orientation in most urban areas.” An op-ed in yesterday’s Baltimore Sun makes a similar point about the planned Red Line light-rail project for that city. “The problem with Baltimore transit is not … Continue reading →
Don’t Invest in a Light-Rail Boondoggle
11 Aug 2024 Leave a comment
in applied price theory, applied welfare economics, economic growth, fiscal policy, labour economics, labour supply, macroeconomics, Public Choice, public economics Tags: taxation and entrepreneurship, taxation and investment, taxation and labour supply
Writing about Mitt Romney’s selection of Paul Ryan in 2012, I opined that, “…it probably means nothing. I don’t think there’s been an election in my lifetime that was impacted by the second person on a presidential ticket.” I feel the same way about Tim Walz, who is Kamala Harris’ pick for Vice President. But […]
Minnesota’s Failed Class-Warfare Tax Policy
10 Aug 2024 Leave a comment
in politics - New Zealand, Public Choice, public economics, rentseeking, transport economics, urban economics
Garry Moller writes: If I had it my way, I would scrap many of Wellington’s cycleways, and do it better. Allow me to elaborate. … For Wellington to thrive, ample on-street parking is essential. Despite the influx of more public service employees and contractors in recent years, central Wellington is struggling. Many long-term Wellington residents, […]
Gary Moller on Wellington cycleways
10 Aug 2024 Leave a comment
in applied price theory, econometerics, economic history, economics of regulation, income redistribution, industrial organisation, labour economics, labour supply, law and economics, occupational choice, politics - USA, property rights, Public Choice, public economics, regulation, rentseeking, survivor principle, theory of the firm Tags: barriers to entry, creative destruction, taxi regulation
The idea behind Uber first arose, the story goes, on a snowy evening in Paris back around 2008, when Travis Kalanick and Garrett Camp found themselves stuck in Paris on a snowy evening, unable to find a taxi. They wondered “What if you could request a ride simply by tapping your phone?” They co-founded Uber based…
The Creation of Ride-sharing and the Creativity of Markets
08 Aug 2024 Leave a comment
in comparative institutional analysis, economics of bureaucracy, economics of education, economics of information, economics of media and culture, energy economics, environmental economics, environmentalism, global warming, politics - New Zealand, politics - USA, population economics, Public Choice Tags: climate alarmism
Roger Pielke Jr. explains at his blog Why Climate Misinformation Persists. Excerpts in italics with my bolds and added images. H/T John Ray Noble Lies, Conventional Wisdom, and Luxury Beliefs In 2001, I participated in a roundtable discussion hosted at the headquarters of the National Academy of Sciences (NAS) with a group of U.S. Senators, […]
Roots of Climate Change Distortions
07 Aug 2024 Leave a comment
in comparative institutional analysis, constitutional political economy, economics of bureaucracy, economics of regulation, income redistribution, law and economics, politics - USA, property rights, Public Choice, rentseeking, urban economics Tags: housing affordability, land supply
I met Yale Law’s David Schleicher when he was still a law professor at GMU. Back then, we argued about the best model of non-rigged one-party democracy, often seen in major cities… and Singapore. Since then, David’s become a powerful academic voice for YIMBY. Last month, David joined me for another Fast Take on Build,…
Fast Takes on *Build, Baby, Build*: David Schleicher
06 Aug 2024 1 Comment
in economics of bureaucracy, economics of regulation, environmentalism, politics - New Zealand, Public Choice, public economics, urban economics
New Zealand citizen, Peter Thiel, who is one of the world’s richest men, and business associate of Elon Musk, has had his house application in Wanaka rejected on appeal by the Environment Court. Theil was the first investor in Shane Legg’s company, Deep Mind, which started the Artificial Intelligence revolution. Legg is a former student…
Did a Christchurch Environment Judge called Prudence just end NZ’s Dreams of higher tech-based productivity growth that would’ve fixed our health system & ended poverty?
06 Aug 2024 Leave a comment
in applied price theory, comparative institutional analysis, economics of bureaucracy, economics of education, health economics, industrial organisation, politics - New Zealand, Public Choice, public economics, survivor principle
Oliver Hartwich writes – New Zealand’s government sacked the entire board of Health New Zealand (Te Whatu Ora) last week, replacing it with a sole commissioner. The move marked more than just another shake-up in the country’s beleaguered health system. It signalled the spectacular failure of a grand experiment that has turned New Zealand into […]
Pervasive myth of centralisation unravels in NZ
05 Aug 2024 Leave a comment
in applied price theory, discrimination, economic growth, economics of bureaucracy, economics of crime, economics of regulation, gender, income redistribution, labour economics, law and economics, macroeconomics, Public Choice, public economics, rentseeking, urban economics Tags: British politics
She’s been one of the rising stars of the British Conservative Party for some time now, and I’ve covered stories about her before (Would be nice if a US Democrat said this about Critical Race Theory and A Tory warning for the National Party of 2032), but I’ve finally decided to add Kemi Badenoch as a tag […]
How Politicians Should Debate: Kemi Badenoch
05 Aug 2024 Leave a comment
in applied price theory, economic history, economics of bureaucracy, industrial organisation, Public Choice, public economics, sports economics, theory of the firm, urban economics Tags: Olympic Games
When a city bids to host the Olympic Games, part of the bid is a commitment that the city or the national government will cover any cost overruns–and experience suggests the cost overruns will be large. Alexander Budzier and Bent Flyvbjerg discuss the patterns in “The Oxford Olympics Study 2024: Are Cost and Cost Overrun…
Olympic Records in Cost Overruns
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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