Celebrating humanity's flourishing through the spread of capitalism and the rule of law
26 Dec 2024 Leave a comment
in applied price theory, entrepreneurship, financial economics, fiscal policy, income redistribution, macroeconomics, Marxist economics, politics - USA, Public Choice, public economics Tags: regressive left, taxation and entrepreneurship, taxation and investment, taxation and savings, wealth tax
Washington State’s unofficial state motto has long been “Al-ki” which means either “bye and bye” or “by and by” in Chinook. The former meaning now seems official as Gov. Jay Inslee pushed for a “wealth tax.” Wealthy citizens are already saying bye to the state in anticipation of what one Democratic billionaire recently called a […]
Bye and Bye: Washington State Moves To Toward a “Wealth Tax” As the Wealthy Move to Leave the State
05 Dec 2024 Leave a comment
in comparative institutional analysis, constitutional political economy, economic history, economics of bureaucracy, economics of crime, law and economics, property rights, Public Choice, public economics Tags: British politics, constitutional law
The question of separating constitutional powers in Jersey is more complex than it appears. Here’s why. Jersey and Guernsey are unique globally in having constitutions that in the ancient office of Bailiff fuse together the roles of chief justice and presiding officer of their respective courts and parliaments. As I argue, this is further complicated […]
Andrew Le Sueur: Finally, separation of powers in Jersey?
04 Dec 2024 Leave a comment
in applied price theory, comparative institutional analysis, economic history, economics of bureaucracy, economics of regulation, entrepreneurship, income redistribution, industrial organisation, international economics, law and economics, politics - USA, property rights, Public Choice, public economics, rentseeking Tags: tarrifs
I like profits. But let me qualify that statement. I like profits that are the result of businesses providing goods and services that consumers value. Those profits are earned. By contrast, I don’t like it when businesses get in bed with government and get money via cronyism, bailouts, subsidies, protectionism, or industrial policy. Those profits […]
Paul Krugman Is Right…albeit Selectively and Hypocritically
03 Dec 2024 Leave a comment
in applied price theory, econometerics, entrepreneurship, fiscal policy, macroeconomics, Public Choice, public economics Tags: taxation and entrepreneurship, taxation and investment
We study the tax payment and innovation consequences of limiting the tax deductibility of research and development (“R&D”) expenditures. Beginning in 2022, U.S. companies are required to capitalize and amortize R&D rather than immediately deduct these expenditures. We utilize variation in U.S. firms’ fiscal year ends to test the effects of the R&D tax change […]
The Consequences of Limiting the Tax Deductibility of R&D
30 Nov 2024 Leave a comment
in applied price theory, budget deficits, business cycles, economic growth, fiscal policy, labour economics, liberalism, macroeconomics, Marxist economics, monetary economics, politics - New Zealand, Public Choice, public economics, unemployment Tags: monetary policy
A group of economists have written to Nicola Willis complaining about the modest fiscal restraint imposed on the public sector. Grant Robertson grew government expenditure by $76 billion/year or a massive 7.6% of GDP, leaving NZ with a structural deficit. Many were champions of his policies or worked for him, and now they complain his […]
Usual suspects want more debt
30 Nov 2024 Leave a comment
in applied price theory, econometerics, human capital, income redistribution, labour economics, labour supply, politics - USA, poverty and inequality, Public Choice, public economics Tags: economics of immigration
This paper examines how unauthorized immigration affects the fiscal health of local governments in the United States. Using detailed data on unauthorized immigrants’ countries of origin and arrival dates from the Syracuse TRAC database, we isolate immigration flows driven by social, economic, and political conditions in source countries. We predict local immigration patterns using a […]
Unauthorized Immigration and Local Government Finances
25 Nov 2024 Leave a comment
in applied price theory, economics of education, human capital, income redistribution, labour economics, labour supply, liberalism, Marxist economics, occupational choice, politics - Australia, poverty and inequality, Public Choice, public economics, rentseeking Tags: College premium, regressive left
The Australian Green party has proposed cancelling all student debt in Australia, as part of an aim for government to provide “free education for life”. However, free education is not free. In an article in The Conversation earlier this month, Bruce Chapman (Australian National University) makes a case against the claim that cancelling student debt…
Try as they might, the Australian Green party can’t make university education free
23 Nov 2024 Leave a comment
in applied price theory, comparative institutional analysis, economics of bureaucracy, economics of information, economics of regulation, entrepreneurship, health economics, history of economic thought, industrial organisation, law and economics, market efficiency, Milton Friedman, property rights, Public Choice, public economics, regulation, theory of the firm Tags: competition law, Product safety
TweetHere’s my just-published remembrance, in Public Choice, of my late teacher, dissertation advisor, co-author, and friend, Bob Ekelund. Three slices: The only textbook assigned for the course was Milton Friedman’s Price Theory. From some younger members of Auburn’s economics faculty, I heard a few cocktail-lubricated complaints that core theory courses in a modern economics Ph.D.…
Bob Ekelund Remembered
22 Nov 2024 1 Comment
in development economics, economic growth, economics of bureaucracy, economics of regulation, fiscal policy, growth disasters, income redistribution, labour economics, law and economics, liberalism, libertarianism, macroeconomics, Marxist economics, monetary economics, property rights, Public Choice, public economics, rentseeking, unemployment Tags: Argentina
My dear friend and colleague Dan Klein wrote this. He loves feedback, so please share your thoughts in the comments. And he’d especially appreciate reactions from friends Shikha Dalmia and Nils Karlson, which I’d definitely be glad to run.P.S. Dan asked me to link to the latest Milei news.I define popuphobe as someone who propagates…
Popuphobia’s Javier Milei Problem
16 Nov 2024 Leave a comment
in economics of bureaucracy, economics of regulation, environmental economics, law and economics, politics - New Zealand, property rights, Public Choice, public economics, transport economics, urban economics
Peter Dunne writes – Last week the government announced plans to build two new tunnels in central Wellington to ease traffic congestion. One will be a second tunnel through Mount Victoria to improve the flow of traffic to the eastern suburbs and Wellington International Airport. The other will be alongside the existing Terrace tunnel to […]
Resolving the infrastructure deficit
14 Nov 2024 Leave a comment
in business cycles, economic growth, fiscal policy, industrial organisation, international economics, labour economics, law and economics, macroeconomics, monetary economics, politics - USA, property rights, public economics Tags: 2024 presidential election
Oliver Hartwich writes – In his victory speech, Donald Trump promised Americans a new “golden age”. While he had the numbers to win the election, the economic realities he faces will make delivering on his promise challenging. Trump’s victory reflects many Americans’ frustrations with living standards and inflation during the Biden-Harris administration. Vice President Kamala […]
Trump’s victory: Golden age or fiscal reckoning?
11 Nov 2024 Leave a comment
in discrimination, gender, law and economics, liberalism, Marxist economics, politics - New Zealand, property rights, Public Choice, public economics Tags: Age of Enlightenment, economics of pandemics, free speech, political correctness, regressive left
With Kemi Badenoch taking over the leadership of Tories in the UK, newspapers have been replete with how this represents a radical turn to the right. Similar headlines appeared when Labour was booted from power in New Zealand. There was a time when I would have thought: “Shame. Why can’t these people not be more…
Ananish Chaudhuri: The sheer lunacy of contemporary progressive politics or How I became a right-wing extremist
08 Nov 2024 Leave a comment
in economic growth, fiscal policy, macroeconomics, public economics Tags: British politics
By Paul Homewood The OBR is very explicit about the new budget!! Spending up by £70 billion (so much for “black holes”!), tax up by £36 billion and borrowing by £32 billion. https://obr.uk/ But the bit we are concerned with is their updated projections for Environmental Levies, aka subsidies for renewable energy.
Environmental Levies To Cost £108 Billion By 2029/30
30 Oct 2024 Leave a comment
in applied price theory, applied welfare economics, budget deficits, business cycles, econometerics, economic growth, economic history, economics of bureaucracy, economics of regulation, energy economics, entrepreneurship, environmental economics, financial economics, fiscal policy, global warming, health economics, income redistribution, industrial organisation, law and economics, macroeconomics, monetary economics, politics - USA, property rights, Public Choice, public economics, rentseeking Tags: 2024 presidential election, drug lags, taxation and entrepreneurship, taxation and investment
Milton Friedman used to advise researchers to focus on large policy changes rather than attempting to separate a small change’s signal from the noise. In this sense, the “ambitious” policy agenda of the Biden-Harris administration was expected to be a gift to the research community. Accepting this gift, since 2020 I have been making forecasts…
Biden-Harris policies and their consequences were no surprise to those paying attention
30 Oct 2024 Leave a comment
in applied price theory, economic growth, economics of bureaucracy, industrial organisation, macroeconomics, Public Choice, public economics, survivor principle, transport economics, urban economics Tags: Japan
Japan is known for many things, but two of them are the Shinkansen high-speed trains and the nation’s three Lost Decades of slow economic growth. Unfortunately, most tourists who go to Japan see the former and don’t see the latter and especially don’t see the connection between the two. The … Continue reading →
The Shinkansen and Japan’s Lost Decades
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
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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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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
Res ipsa loquitur - The thing itself speaks
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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“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.
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
Economics, public policy, monetary policy, financial regulation, with a New Zealand perspective
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Utopia, you are standing in it! 
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