Celebrating humanity's flourishing through the spread of capitalism and the rule of law
11 Sep 2025 Leave a comment
in applied price theory, development economics, economic history, economics of bureaucracy, history of economic thought, income redistribution, international economics, politics - USA, Public Choice, rentseeking Tags: free trade, tariffs
TweetMy emeritus Nobel-laureate colleague, Vernon Smith, sent the following email to me in response to this post. I share Vernon’s note with his kind permission. Don, Trump, like all businesspersons turned political, wants government favors, that is Mercantilism which is as bad today as when Adam Smith railed against such cozy relationships. Same for labor…
Vernon Smith on Donald Trump’s Protectionism
05 Sep 2025 Leave a comment
in applied price theory, economic history, economics of bureaucracy, economics of natural disasters, income redistribution, politics - USA, Public Choice, public economics, rentseeking
…the federal government did something extraordinary: It committed more than $140 billion toward the region’s recovery. Adjusted for inflation, that’s more than was spent on the post-World War II Marshall Plan to rebuild Europe or for the rebuilding of Lower Manhattan after the Sept. 11 attacks. It remains the largest post-disaster domestic recovery effort in […]
How well did Katrina reconstruction go?
03 Sep 2025 1 Comment
in comparative institutional analysis, constitutional political economy, discrimination, economics of bureaucracy, income redistribution, labour economics, law and economics, liberalism, Marxist economics, politics - New Zealand, property rights, Public Choice, rentseeking
It’s hard to get too much enthusiasm for the Tamaki Makaurau by-election. The Maori roll and seats have become more politicised than ever before, as they are no longer an exercise in ensuring a core level of Maori representation in Parliament, but rather an expression of Maori nationalism. It used to be that the Maori…
The by-election without much choice
01 Sep 2025 Leave a comment
in applied price theory, economic growth, economics of bureaucracy, economics of regulation, macroeconomics, politics - New Zealand, Public Choice, regulation, rentseeking, urban economics Tags: housing affordability
Don Brash writes – In recent years, when addressing Rotary and other audiences, I often talk about the five big challenges facing New Zealand – persistently slow growth in productivity, and therefore in income levels; ridiculously unaffordable house prices; the increasing division of our society into those with a Maori ancestor and those without; the […]
Do rising house prices damage economic growth?
26 Aug 2025 Leave a comment
in environmental economics, Marxist economics, Public Choice, rentseeking, resource economics Tags: agricultural economics
Next time someone expresses how righteous their food choices are, share this with them
Ten Reasons Why Choosing Organic Food is Immoral and Unsustainable
24 Aug 2025 Leave a comment
in economics of bureaucracy, law and economics, politics - New Zealand, property rights, rentseeking
I blogged in early August on how MPs appear to have been scared into supporting a retrospective law change to protect ANZ and ASB Banks form a six year old law suit over their failure to make correct disclosures with some of their loans, on the basis that the banking system could be at risk […]
The very dodgy $12.9b figure
24 Aug 2025 Leave a comment
in applied price theory, development economics, economic history, entrepreneurship, growth miracles, history of economic thought, industrial organisation, international economics, politics - USA, Public Choice, rentseeking Tags: free trade, tariffs
TweetHere’s a second note to a commenter at my Facebook page. Mr. Schlomach: Commenting on my Facebook page, you allege that China ‘dumps’ goods in the U.S. and, in doing so, “has used our love of cheap stuff to suck our country of strategically critical technology/industry.” By suggesting that your fellow Americans buy stuff simply…
More On Alleged Chinese Dumping
17 Aug 2025 1 Comment
in development economics, economic growth, economics of bureaucracy, economics of regulation, fiscal policy, growth disasters, income redistribution, industrial organisation, labour economics, law and economics, liberalism, libertarianism, macroeconomics, Marxist economics, monetary economics, property rights, Public Choice, public economics, rentseeking, unemployment Tags: Argentina
I’m back in Argentina, the South American country with the world’s best leader. What Javier Milei has accomplished is amazing. And the economic effects have been wonderful. One of my meetings earlier this week was with Marcelo Elizondo, the head of the International Chamber of Commerce for Argentina. He shared a presentation with me that […]
Milei’s Achievements…and Challenges
15 Aug 2025 1 Comment
in applied price theory, comparative institutional analysis, economics of bureaucracy, economics of regulation, energy economics, environmental economics, environmentalism, law and economics, politics - USA, property rights, Public Choice, rentseeking Tags: nuisance suits
The Court has provided the legal framework. FERC must provide the will to use it.
FERC Must Seize the Supreme Court’s Energy Opportunity
11 Aug 2025 Leave a comment
in applied price theory, economic history, economics of regulation, human capital, labour economics, law and economics, liberalism, Marxist economics, politics - New Zealand, poverty and inequality, property rights, Public Choice, rentseeking, transport economics, urban economics Tags: family poverty, homelessness, regressive left
Ani O’Brien writes – Chlöe Swarbrick wants you to believe the Government is intentionally increasing homelessness. She told RNZ’s Mata with Mihingarangi Forbes: “The only conclusion that I can really come to is that this Government has intentionally increased homelessness…” It’s the kind of soundbite that plays well on social media. Outrage travels faster than nuance, and a […]
Chlöe Swarbrick’s homelessness hyperbole
07 Aug 2025 1 Comment
in applied price theory, law and economics, politics - USA, property rights, Public Choice, rentseeking, urban economics Tags: housing affordability, land supply, zoning
Yes: In December 2018, Minneapolis became the first U.S. city to eliminate single-family zoning through the Minneapolis 2040 Plan, a landmark reform with a central focus on improving housing affordability. This paper estimates the effect of the Minneapolis 2040 Plan on home values and rental prices. Using a synthetic control approach we find that the […]
Did the Minnesota housing reform lower housing costs?
31 Jul 2025 1 Comment
in applied price theory, comparative institutional analysis, constitutional political economy, economics of regulation, income redistribution, law and economics, Marxist economics, politics - USA, property rights, Public Choice, rentseeking, transport economics, urban economics Tags: economics of socialism, regressive left, rent control, useful idiots
Democrat Zohran Mamdani is likely to be the next mayor of NYC, as he proffered a number of campaign promises that delighted progressives young and old. (This is besides his pro-Palestinian stand on the Gaza war, which is irrelevant to his actions as NYC mayor but still delighted the benighted.) Here are a few of […]
Mamdani’s unworkable proposal for NYC-owned grocery stores
29 Jul 2025 Leave a comment
in applied price theory, income redistribution, labour economics, labour supply, minimum wage, politics - USA, Public Choice, rentseeking, unemployment Tags: California
The classic book, Economics in One Lesson reduces all of economics to a similar lesson:The art of economics consists in looking not merely at the immediate but at the longer effects of any act or policy; it consists in tracing the consequences of that policy not merely for one group but for all groups.The lesson of Chapter…
CA min wage goes up ==> CA employment declines
26 Jul 2025 Leave a comment
in applied price theory, economics of regulation, history of economic thought, income redistribution, international economics, International law, labour economics, labour supply, Marxist economics, politics - USA, Public Choice, rentseeking Tags: 2024 presidential election, regressive left, tarrifs
Many of Trump’s signature policies overlap with those of the American progressive left—e.g. tariffs, economic nationalism, immigration restrictions, deep distrust of elite institutions, and an eagerness to use the power of the state. Trump governs less like Reagan, more like Perón. As Ryan Bourne notes, this ideological convergence has led many on the progressive left […]
Horseshoe Theory: Trump and the Progressive Left
22 Jul 2025 Leave a comment
in applied price theory, comparative institutional analysis, economics of bureaucracy, income redistribution, industrial organisation, politics - New Zealand, Public Choice, rentseeking
The Herald reports: More than half of the $257 million loan book held by the Government entity formerly known as the Provincial Growth Fund is considered to be at risk of impairment or default. The surge in at-risk loan advances made by Crown Regional Holdings (CRH) – a vehicle used by the Government to warehouse […]
Stop the corporate welfare
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
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