The Challenge of Opening Closed Minds The media and many politicians worldwide continue to push a narrative of impending climate catastrophe. Whether or not you are a climate change pessimist, we live on a gradually warming planet and will need to adapt to this. As global temperature rise continues, alarmists will continue to ascribe much…
JOHN RAINE: DRIVE CLIMATE CHANGE POLICY WITH EVIDENCE NOT ALARMISM
JOHN RAINE: DRIVE CLIMATE CHANGE POLICY WITH EVIDENCE NOT ALARMISM
14 Dec 2025 1 Comment
in economic history, economics of climate change, economics of education, energy economics, environmental economics, environmentalism, global warming, politics - New Zealand, politics - USA Tags: climate alarmism
Time to Stop Pretending Renewables Are Cheap
14 Dec 2025 1 Comment
in economics of climate change, economics of regulation, energy economics, entrepreneurship, environmental economics, environmentalism, global warming, politics - Australia, politics - New Zealand, politics - USA, Public Choice, rentseeking Tags: celebrity technologies, solar power, wind power
Policymakers would do well to heed energy experts like Schernikau and Stein. Chasing luxury beliefs do not cost well-heeled climate bureaucrats and renewables ideologues much, but the burdens of irrational energy policies will be borne by the world’s poorest. The real path forward lies in pragmatic, technology-neutral approaches that prioritise energy abundance over austerity.
Time to Stop Pretending Renewables Are Cheap
The Minister for Abundance
13 Dec 2025 Leave a comment
in economics of regulation, politics - New Zealand
Joel McManus at The Spinoff writes: Bishop sided with former Wellington mayor Tory Whanau’s call to allow more housing in the capital, even though every conservative councillor was opposed. He made Christchurch zone for high-density housing, which centre-right mayor Phil Mauger called a “kick in the guts”. In Auckland he could barely disguise his glee…
The Minister for Abundance
New Zealand’s Planning Revolution: bye bye RMA
13 Dec 2025 Leave a comment
in applied price theory, economics of bureaucracy, economics of regulation, law and economics, politics - New Zealand, property rights, Public Choice, urban economics Tags: housing affordability, land supply, zoning
Inside the reform that will change how New Zealand is built Ani O’Brien writes – If you’ve ever tried to build a deck, subdivide a section, or watched a major infrastructure project slowly suffocate in a decade of “consenting hell,” you already know the RMA is New Zealand’s great productivity killer. For over 30 years, […]
New Zealand’s Planning Revolution: bye bye RMA
Humanity Has a Huge Surplus of Economic Misunderstanding
13 Dec 2025 Leave a comment
in applied price theory, history of economic thought, industrial organisation, international economics, politics - USA, Public Choice, rentseeking Tags: free trade, tarrifs
TweetHere’s a letter to AP Fact Check. Editor: Melissa Goldin does a deep dive into the cause(s) of the U.S. “agricultural trade deficit” (“FACT FOCUS: Trump blames Biden for the agricultural trade deficit. It’s not that simple,” December 10). To what extent is this “deficit” caused by the policies of Biden? To what extent is…
Humanity Has a Huge Surplus of Economic Misunderstanding
The Legacy of Manifest Destiny: America’s Ambitious—and Controversial—Dream
13 Dec 2025 Leave a comment
in economic history, politics - USA
On December 2, 1845, U.S. President James K. Polk addressed Congress, advocating for the aggressive westward expansion of the United States—a philosophy widely known as “Manifest Destiny.” I first encountered the term in the 1970s when I heard it mentioned in Redbone’s song Wounded Knee. For years, however, I misheard the lyrics, thinking they sang […]
The Legacy of Manifest Destiny: America’s Ambitious—and Controversial—Dream
Greyhound racing law change is legal overreach
12 Dec 2025 Leave a comment
in economics of bureaucracy, economics of regulation, law and economics, politics - New Zealand, property rights, Public Choice, public economics, sports economics Tags: constitutional law, takings
Oliver Hartwich writes – Let me state this clearly at the outset: I have never placed a bet on a greyhound. I have never owned a greyhound. If I were a dog, I would likely prefer a soft sofa to a hard track. I am not writing this because I have a passion for racing, […]
Greyhound racing law change is legal overreach
Greenpeace Asks a DUTCH Court to Overturn a $345 Million Dakota Pipeline Judgement
12 Dec 2025 Leave a comment
in economics of crime, environmental economics, environmentalism, law and economics, politics - USA, property rights Tags: constitutional law
Greenpeace appears to think European courts have pre-eminence over US courts, even for events which happened in the USA.
Greenpeace Asks a DUTCH Court to Overturn a $345 Million Dakota Pipeline Judgement
Getting NZ building again
11 Dec 2025 Leave a comment
in applied price theory, economics of regulation, law and economics, politics - New Zealand, property rights
Defending Nicola, and critiquing her
11 Dec 2025 Leave a comment
in fiscal policy, macroeconomics, politics - New Zealand
Media have reported that there may be a debate between Nicola Willis and Ruth Richardson over fiscal policy. I thought it would be useful to lay out what I see as the key fiscal problem, and put context around it. Now I’m not unbiased here. Nicola I regard as a long standing friend. We were…
Defending Nicola, and critiquing her
Not surprised TPM lost the injunction
11 Dec 2025 Leave a comment
in law and economics, politics - New Zealand
Stuff reported: Te Pāti Māori MP Mariameno Kapa-Kingi has been reinstated after an interim judgment by the High Court. The Te Tai Tokerau MP had sought the injunction against her party’s decision to expel her, claiming her expulsion breached numerous parts of the constitution. On Friday, Justice Paul Radich confirmed to Stuff that Kapa-King should be reinstated…
Not surprised TPM lost the injunction
Congressional leadership is corrupt
11 Dec 2025 Leave a comment
in applied price theory, econometerics, economic history, financial economics, politics - USA, Public Choice
Using transaction-level data on US congressional stock trades, we find that lawmakers who later ascend to leadership positions perform similarly to matched peers beforehand but outperform them by 47 percentage points annually after ascension. Leaders’ superior performance arises through two mechanisms. The political influence channel is reflected in higher returns when their party controls the…
Congressional leadership is corrupt
The state of the books
11 Dec 2025 Leave a comment
in budget deficits, fiscal policy, macroeconomics, politics - New Zealand, Public Choice, public economics
Eric Crampton writes – StatsNZ has put up its year-end accounts for the government, split out across functional areas. Their data goes back to 2009 in the main table; I’m sure earlier data’s available somewhere in Infoshare. But sticking with the Excel sheet they’ve provided, we can lob in June-year population statistics and June quarter […]
The state of the books
Why does Labour select so few Maori for winnable general seats?
10 Dec 2025 Leave a comment
in discrimination, politics - New Zealand Tags: racial discrimination
It is interesting to look at the list of Maori MPs who have won general electorates in NZ. The list is: So the breakdown by party is: Of Labour’s nine Maori MPs who won an electorate seat, five of them were in the 2020 landslide. Prior to that there had been only four. Just four…
Why does Labour select so few Maori for winnable general seats?
Productivity growth (or lack of it)
10 Dec 2025 Leave a comment
in applied price theory, econometerics, economic growth, economic history, fiscal policy, labour economics, macroeconomics, politics - New Zealand
In a post last week I included this chart of the latest annual OECD data on labour productivity, expressed in PPP terms. It was grim, in a familiar sort of way. New Zealand’s overall economic performance has long been poor (the halcyon days when New Zealand was in the top 3 in the world relegated […]
Productivity growth (or lack of it)
Utopia, you are standing in it! 
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