Here is a nice video on the experience with price control in Ireland and Scotland. Hat tip: Marginal Revolution
Gaelic Price Control
Gaelic Price Control
05 Mar 2024 Leave a comment
in applied price theory, economics of regulation, Public Choice, urban economics Tags: rent control
DON BRASH: PERHAPS THE MOST IMPORTANT SPEECH FROM THE NEW GOVERNMENT SO FAR
03 Mar 2024 Leave a comment
in applied price theory, economics of bureaucracy, income redistribution, law and economics, liberalism, Marxist economics, politics - New Zealand, property rights, Public Choice, regulation, rentseeking, transport economics, urban economics Tags: land supply, zoning
Last week, Housing Minister Chris Bishop gave perhaps the most important speech by the new Government since the election. In a speech to the Wellington Chamber of Commerce, he said he wanted the ratio of house prices to median household income to more than halve to between 3 and 5 over the next 10…
DON BRASH: PERHAPS THE MOST IMPORTANT SPEECH FROM THE NEW GOVERNMENT SO FAR
No, the Court is Not “Slow Walking” the Trump Immunity Case
03 Mar 2024 Leave a comment
in economics of bureaucracy, economics of crime, law and economics, politics - USA, Public Choice Tags: 2020 presidential election, 2024 presidential election
Below is a slightly expanded version of my column on Fox.com on the attacks on the Court for granting review of the immunity challenge brought by former president Donald Trump. The scheduling of oral argument has unleashed the familiar voices against the justices and allegations of political machinations. The claims of “slow walking” the appeal […]
No, the Court is Not “Slow Walking” the Trump Immunity Case
The Uncompetitive Urban Land Markets Theory of Everything
03 Mar 2024 Leave a comment
in applied price theory, comparative institutional analysis, economics of bureaucracy, environmental economics, income redistribution, industrial organisation, law and economics, politics - New Zealand, property rights, Public Choice, regulation, rentseeking, urban economics Tags: housing affordability, land supply, zoning
The Housing Theory of Everything has one of those wonderful self-explanatory titles. A good title matters. The recent and thorough essay explains how the anglosphere’s unnecessarily expensive housing affects, well, everything. Or at least almost everything.Zoning makes it too hard to build houses where people want to build. Urban containment policies block new subdivisions, so…
The Uncompetitive Urban Land Markets Theory of Everything
Labour’s legacy
01 Mar 2024 Leave a comment
in economic growth, economics of bureaucracy, fiscal policy, macroeconomics, politics - New Zealand, Public Choice, public economics
Productivity Commission gone tomorrow, Māori Health Authority gone in June – so what should we do with the Waitangi Tribunal?
28 Feb 2024 Leave a comment
in economics of bureaucracy, health economics, law and economics, politics - New Zealand, property rights, Public Choice, rentseeking
The Productivity Commission will cease operations tomorrow, to make way for the new Ministry for Regulation. On the same day, the Waitangi Tribunal will begin an urgent inquiry into the government’s proposal to disestablish the Māori Health Authority. But legislation passed under urgency by Parliament will result in the authority being shut down by the end […]
Productivity Commission gone tomorrow, Māori Health Authority gone in June – so what should we do with the Waitangi Tribunal?
Goodbye to the Productivity Commission
27 Feb 2024 Leave a comment
in economics of bureaucracy, politics - New Zealand, Public Choice
The Productivity Commission closes its doors on Thursday and goes out of existence. There have been a couple of recent articles on the demise of the Productivity Commission, and the chair (Ganesh Nana) has even put out his own statement (not exactly compelling) on productivity, and policy options for improving New Zealand’s dismal performance. There […]
Goodbye to the Productivity Commission
On price control
25 Feb 2024 Leave a comment
in applied price theory, comparative institutional analysis, economic history, economics of bureaucracy, energy economics, environmental economics, global warming, income redistribution, industrial organisation, Public Choice, rentseeking Tags: price controls, The fatal conceit, unintended consequences, utility regulation
How to Wreck Power Supplies: Add Subidised Wind & Solar
24 Feb 2024 1 Comment
in energy economics, environmental economics, global warming, politics - Australia, Public Choice, rentseeking Tags: wind power
The apparent object of the wind and solar ‘transition’ is to destroy reliable and affordable power supplies. The evidence suggests we are well on our way. Hijacked by ideologues with arts degrees and bankrolled by crony capitalists ready to make a fast buck, at your expense, energy policy is playing out as one almighty nightmare […]
How to Wreck Power Supplies: Add Subidised Wind & Solar
Texas professor fired, then reinstated after a lawsuit, for teaching that chromosomes determine human sex
23 Feb 2024 Leave a comment
in discrimination, economics of bureaucracy, economics of education, gender, health economics, labour economics, law and economics, politics - USA, Public Choice Tags: Age of Enlightenment, employment law, free speech, political correctness, regressive left, sex discrimination
In general, one can’t say that chromosomes “determine sex” in animals, as there are other genetic or environmental features that determine what sex an individual becomes. As Coyne and Maroja (2023) note: Different sexes can determined during development bybe based on different chromosomes and their genes (e.g., XX vs. XY in humans, ZW vs. ZZ in birds, […]
Texas professor fired, then reinstated after a lawsuit, for teaching that chromosomes determine human sex
Superannuation, KiwiSaver, and New Zealand’s economic development
22 Feb 2024 Leave a comment
in economic growth, income redistribution, labour economics, labour supply, macroeconomics, politics - New Zealand, Public Choice, rentseeking Tags: ageing society
The Retirement Commissioner has released a paper on aspects of New Zealand Superannuation (NZS). Its focus includes affordability, fairness, age of eligibility, and the treatment of those over 65 who continue in the workforce whilst also receiving NZS. What the Commissioner does not discuss is the relationship between superannuation systems, domestic savings rates and capital […]
Superannuation, KiwiSaver, and New Zealand’s economic development
ROB MacCULLOCH: Grant Robertson’s new job sends an awful message to students about meritocracy in NZ
22 Feb 2024 Leave a comment
in economics of bureaucracy, economics of education, politics - New Zealand, Public Choice
The appointment of Grant Robertson as Vice-Chancellor of Otago University has raised hackles – and questions – among academics. Robertson’s credentials for the job is one issue. The appointment process is another. University of Auckland economics professor Rob MacCulloch has posted these three articles in the past few days on Down To Earth Kiwi… […]
ROB MacCULLOCH: Grant Robertson’s new job sends an awful message to students about meritocracy in NZ
OLIVER HARTWICH: Absurd – NZ courts can now decide on climate change
17 Feb 2024 Leave a comment
in comparative institutional analysis, economics of climate change, energy economics, environmental economics, environmentalism, global warming, law and economics, liberalism, politics - New Zealand, property rights, Public Choice, public economics, rentseeking Tags: climate activists, rule of law
Oliver Hartwich writes – The World Justice Project ranks New Zealand 7th out of 142 countries on its ‘Rule of Law Index’, narrowly ahead of Australia’s 13th place. However, Australia still has hope – if only because of a recent decision by the Supreme Court of New Zealand. The case is easily told. Mike Smith, […]
OLIVER HARTWICH: Absurd – NZ courts can now decide on climate change
Constitution 101: How Powerful Is The Queen?
17 Feb 2024 Leave a comment
in constitutional political economy, economics of bureaucracy, Public Choice Tags: British constitutional law
[This is the first in a series of posts that will look at the key institutions of the British constitution. A version of this particular post first appeared on my personal blog.] Americans don’t really understand the British Monarchy. Our pundits often portray the Queen as a powerless figurehead who does little more than cut ribbons and unveil plaques. […]
Constitution 101: How Powerful Is The Queen?
Utopia, you are standing in it! 
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