Celebrating humanity's flourishing through the spread of capitalism and the rule of law
16 Feb 2024 Leave a comment
in applied price theory, entrepreneurship, fiscal policy, income redistribution, labour economics, labour supply, macroeconomics, Public Choice, public economics Tags: taxation and entrepreneurship, taxation and investment, taxation and labour supply
Inflation is having an effect on everything, even policy analysis. Back in 2013, I wrote that Phil Mickelson was “California’s One-Man Laffer Curve” because he wanted to escape the Golden State to save about $1.2 million per year in taxes. But now, when a goose that lays golden eggs wants to escape, the numbers are […]
Florida’s One-Man Laffer Curve
31 Jan 2024 Leave a comment
in economics of bureaucracy, income redistribution, law and economics, liberalism, politics - New Zealand, property rights, Public Choice, public economics, rentseeking Tags: constitutional law
Shane Jones deserves full support for his round-arm swing at the Waitangi Tribunal which is now fiddling about with a constitutional inquiry and deciding who can take part in it. A clause in New Zealand First’s coalition agreement with the National Party commits the government to amending the Waitangi Tribunal’s legislation so that the body…
MICHAEL BASSETT: SHANE JONES DESERVES SUPPORT ABOUT THE WAITANGI TRIBUNAL
22 Jan 2024 Leave a comment
in applied price theory, budget deficits, comparative institutional analysis, development economics, economic growth, economic history, economics of bureaucracy, economics of regulation, fiscal policy, growth disasters, income redistribution, labour economics, liberalism, libertarianism, macroeconomics, Marxist economics, monetary economics, Public Choice, public economics, rentseeking Tags: Argentina
I give him a 30-40% chance, which is perhaps generous because I am rooting for him. Bryan Caplan, who is more optimistic, offers some analysis and estimates that Milei needs to close a fiscal gap of about five percent of gdp. I have two major worries. First, if Milei approaches fiscal success, the opposing parties […]
Will Milei succeed in Argentina?
17 Jan 2024 Leave a comment
in applied price theory, applied welfare economics, comparative institutional analysis, economic history, economics of climate change, energy economics, environmental economics, global warming, history of economic thought, law and economics, liberalism, libertarianism, Marxist economics, political change, Public Choice, public economics
16 Jan 2024 Leave a comment
in applied price theory, economic history, human capital, income redistribution, labour economics, labour supply, occupational choice, politics - USA, poverty and inequality, Public Choice, public economics, welfare reform Tags: child poverty, family poverty
In Part I of this series, I explained that the War on Poverty, launched by Lyndon Johnson and expanded by other profligate presidents, has been bad news for both taxpayers and poor people. More specifically, I shared some academic research showing how it led to a big increase in dependency on government. Let’s expand on […]
The Right and Wrong Way to Reduce Poverty, Part II
15 Jan 2024 Leave a comment
in applied price theory, applied welfare economics, econometerics, Public Choice, public economics, rentseeking, sports economics, urban economics
I’m a sports fan, which in this case may represent a conflict of interest, because it means I’m conflicted about public subsidies going to sports stadiums. The economic evidence on this point is pretty clear: such subsidies can transfer how people spend their entertainment dollars from one area of a city to another, but the net…
Professional Sports and the Lack of Local Economic Payoffs
12 Jan 2024 Leave a comment
in applied price theory, Austrian economics, public economics Tags: taxation and investment
There are three reasons to be a knee-jerk supporter of tax cuts (or to be a knee-jerk opponent of tax increases). The morality-driven libertarian argument that people should be able to keep the income they earn. The starve-the-beast argument that less revenue at some point may translate into less spending. The economic argument that lower […]
Not All Tax Cuts Are Created Equal
11 Jan 2024 Leave a comment
in applied price theory, history of economic thought, income redistribution, labour economics, labour supply, Public Choice, public economics, welfare reform Tags: negative income tax, universal basic income
Philosopher Matt Zwolinski, co-author of Universal Basic Income: What Everyone Needs to Know, was a core member of the old Bleeding Heart Libertarians blog, which shut down in 2020. Now’s he’s singledly-handed revived the BHL brand on his new Bleeding Heart Libertarian substack. Matt recently published a critique of my response to Chris Freiman on…
Zwolinski on the UBI
05 Jan 2024 Leave a comment
in applied price theory, economics of bureaucracy, politics - New Zealand, Public Choice, public economics
Matthew Hooton’s recommendation that Nicola Willis cut the cost of the Public Service by 25% (NZ Herald 22nd December) reminded me of a story. Years ago, the engineering community was getting fired up about new Japanese business and manufacturing efficiency methods, and “kaizen” (continuous improvement) and “just in time” were being bandied about. At the…
JOHN RAINE: Ministerial Spring Cleaning and the Parable of the Rowing Eight
29 Dec 2023 Leave a comment
in applied price theory, budget deficits, business cycles, defence economics, economic growth, economic history, economics of information, Euro crisis, fiscal policy, fisheries economics, global financial crisis (GFC), great recession, growth disasters, growth miracles, history of economic thought, human capital, inflation targeting, labour economics, labour supply, macroeconomics, monetary economics, Public Choice, public economics, unemployment
24 Dec 2023 Leave a comment
in applied price theory, economic growth, economic history, macroeconomics, public economics Tags: Ireland, taxation and entrepreneurship, taxation and investment
Two months ago, I wrote about a remarkable example of the Laffer Curve, involving Ireland’s low 12.5 percent corporate tax rate. According to the New York Times, Ireland was collecting so much corporate tax revenue that the government was having a hard time figuring out what to do with all the money (as you might […]
Corporate Taxation, Ireland, and Jealousy
23 Dec 2023 Leave a comment
in applied price theory, budget deficits, business cycles, comparative institutional analysis, constitutional political economy, development economics, economic growth, economics of bureaucracy, economics of regulation, fiscal policy, growth disasters, history of economic thought, income redistribution, international economics, labour economics, law and economics, liberalism, libertarianism, macroeconomics, Marxist economics, monetary economics, property rights, Public Choice, public economics, rentseeking, unemployment Tags: Argentina
I didn’t have much time in Argentina, but I can pass along a few impressions about how Milei is doing, noting I hold these with “weak belief”: 1. He is pretty popular with the general population. He is also popular in B.A. in particular. People are fed up with what they have been experiencing. It […]
Argentina Milei reform impressions
23 Dec 2023 Leave a comment
in applied price theory, budget deficits, business cycles, comparative institutional analysis, development economics, economic growth, economic history, economics of bureaucracy, fiscal policy, global financial crisis (GFC), great depression, great recession, growth disasters, growth miracles, history of economic thought, human capital, income redistribution, labour economics, labour supply, macroeconomics, Public Choice, public economics, rentseeking
22 Dec 2023 Leave a comment
in applied price theory, budget deficits, business cycles, comparative institutional analysis, development economics, economic growth, economic history, economics of regulation, fiscal policy, global financial crisis (GFC), great depression, great recession, growth disasters, growth miracles, history of economic thought, human capital, income redistribution, labour economics, labour supply, macroeconomics, monetary economics, Public Choice, public economics
17 Dec 2023 Leave a comment
in applied price theory, econometerics, economic history, entrepreneurship, financial economics, income redistribution, labour economics, politics - USA, poverty and inequality, Public Choice, public economics Tags: top 1%
A number of you have asked me what I think of their response. The first thing I noticed is that Auten and Splinter make several major criticisms of PSZ, and yet PSZ respond to only one of them. On the others they are mysteriously silent. The second thing I noticed is that PSZ have been […]
The Piketty-Saez-Zucman response to Auten and Splinter
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
A History of the Alt-Right
Econ Prof at George Mason University, Economic Historian, Québécois
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
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Why Evolution is True is a blog written by Jerry Coyne, centered on evolution and biology but also dealing with diverse topics like politics, culture, and cats.
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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Celebrating humanity's flourishing through the spread of capitalism and the rule of law
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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In Hume’s spirit, I will attempt to serve as an ambassador from my world of economics, and help in “finding topics of conversation fit for the entertainment of rational creatures.”
Researching the House of Commons, 1832-1868
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Celebrating humanity's flourishing through the spread of capitalism and the rule of law
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“We do not believe any group of men adequate enough or wise enough to operate without scrutiny or without criticism. We know that the only way to avoid error is to detect it, that the only way to detect it is to be free to inquire. We know that in secrecy error undetected will flourish and subvert”. - J Robert Oppenheimer.
The truth about the great wind power fraud - we're not here to debate the wind industry, we're here to destroy it.
Utopia, you are standing in it! 
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