Celebrating humanity's flourishing through the spread of capitalism and the rule of law
21 Aug 2024 Leave a comment
in applied price theory, entrepreneurship, Public Choice, public economics Tags: taxation and entrepreneurship, taxation and investment
As part of her tax-and-spend agenda, Kamala Harris says she wants to increase the federal corporate tax rate from 21 percent to 28 percent. While it doesn’t seem possible, there is a tiny sliver of good news in her proposal. I’m happy that she isn’t proposing to push the rate to 35 percent, which is […]
Kamala’s Proposed Increase in the Corporate Tax Rate: The Good News and Bad News
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
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
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
05 Aug 2024 Leave a comment
in comparative institutional analysis, constitutional political economy, development economics, economic history, economics of bureaucracy, economics of crime, growth disasters, income redistribution, labour economics, labour supply, law and economics, Marxist economics, property rights, Public Choice, public economics Tags: Cuba
The Miami Herald reports: A stunning 10% of Cuba’s population — more than a million people — left the island between 2022 and 2023, the head of the country’s national statistics office said during a National Assembly session Friday, the largest migration wave in Cuban history. Isn’t it such a weird coincidence that the queue […]
Communism still doing well in Cuba
03 Aug 2024 Leave a comment
in applied price theory, comparative institutional analysis, economic history, economics of bureaucracy, economics of regulation, income redistribution, law and economics, politics - USA, property rights, Public Choice, public economics, rentseeking, urban economics Tags: housing affordability, land supply
Here’s a lively AIER podcast on Build, Baby, Build with the one and only Veronique de Rugy. Best French libertarian since Bastiat? Décider vous-même!P.S. Capla-Con 2024 starts two weeks from tomorrow in Fairfax, Virginia. You’re all invited! Feel free to coordinate ride-sharing in the comments.
Talking BBB with Veronique de Rugy
26 Jul 2024 Leave a comment
in applied price theory, applied welfare economics, economics of regulation, energy economics, environmental economics, global warming, politics - Australia, politics - New Zealand, politics - USA, Public Choice, public economics, rentseeking Tags: cap and trade, carbon tax, climate alarmism
That is the topic of my latest Bloomberg column, here is one excerpt: A recent study finds that, of all domestic subsidies, the most effective involve replacing the dirty production of electricity with the cleaner production of electricity. In practice, that means subsidies or tax credits for solar and wind power. Those are more than twice as effective as […]
Which are the most effective subsidies for green energy?
25 Jul 2024 Leave a comment
in applied price theory, econometerics, economic history, fiscal policy, macroeconomics, politics - USA, public economics Tags: taxation and entrepreneurship, taxation and investment
That is the topic of my latest Bloomberg column. Here is one summary excerpt: One result: Total tangible corporate investment went up by about 11%. That has been a welcome shot in the arm for an economy that was by some measures suffering from an investment drought. The strong state of the Biden economy may, in…
Current state of knowledge on the Trump tax cuts
23 Jul 2024 Leave a comment
in fiscal policy, macroeconomics, monetary economics, politics - New Zealand, public economics Tags: monetary policy
Government departments are now all required by law to write and publish a Long-term Insights Briefing at least every three years. and they have to consult the public on both choice of topic and the draft report The Public Service Commission gives its take on these provisions here Count me more than a little sceptical. […]
Treasury wanting to use fiscal policy more
23 Jul 2024 Leave a comment
in applied price theory, entrepreneurship, income redistribution, Public Choice, public economics Tags: France, regressive left, taxation and entrepreneurship, taxation and investment
Some folks on the left have a deep-seated resentment of successful investors, entrepreneurs, business owners, and other high-income people. They want to hit them with confiscatory tax rates, even if the tax is so punitive that the government doesn’t wind up with more revenue. Heck, some of them are so consumed by hate and envy […]
Will France Opt for Bernie Sanders-Style Taxation?
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