This morning’s announced merger between Netflix and Warner Bros. Discovery (WBD) would create a global media company of unprecedented scale. The transaction will also almost certainly attract scrutiny from antitrust regulators—most likely the U.S. Justice Department (DOJ) Antitrust Division, rather than the Federal Trade Commission (FTC). The deal would offer a direct test of the…
As Craig Garthwaite and Timothy Layton point out: “Originally a small, inexpensive safety-net program, Medicaid has grown into a major national health-insurance provider, covering nearly one in four Americans and more people than the public health insurance programs of the United Kingdom, Germany, or France.” They review the program and offer some recommendations in “Coverage Isn’t…
From a forthcoming paper by Thomas Drechsel: This paper combines new data and a narrative approach to identify variation in political pressure on the Federal Reserve. From archival records, I build a data set of personal interactions between U.S. Presidents and Fed officials between 1933 and 2016. Since personal interactions do not necessarily reflect political…
Very pleased to see the Government commit to a law that will tie rates increases to a mixture of inflation and GDP. The era of local government being able to fund every pet project Councillors like is coming to an end. In future they will need to prioritise spending on core infrastructure and facilities. But…
Eric Crampton writes – Damien Grant isn’t normally the one making the case that the government needs to take more in tax. The liquidator and libertarian-minded columnist at the Sunday Star Times more typically wants what libertarians generally want – a government that spends less and that can let each of us keep more of […]
Tomorrow at 2 PM ET, I’ll be debating “What is the best policy response to poverty?” versus Matt Bruenig. Venue: Econoboi channel P.S. You might recall that… 9 more words
1 News reports: Speaking in Māori, former party president Dame Naida Glavish said Te Pāti Māori was not established to belittle people, but rather for the betterment of all Māori. She said that had not been evident this year. Dame Naida, Sir Pita Sharples, Te Ururoa Flavell, Marama Fox, Hone Harawira, and Tukoroirangi Morgan were…
Newsroom has an article on the 10 SOEs that a Government could sell. I’ve done a matrix looking at which could be best to sell. Asset Competitive Value Sensitivity Prospects QV B $54m D Y Landcorp A $1.6b B Y AsureQuality B $100m C Y Kordia B $62m C Y Kiwibank B $2.6b A Y…
The US economy is the largest in the world, and at least among the large-population countries of the world (setting aside smaller economies strongly influenced by international capital flows like Monaco, Cayman Islands, and Ireland or by oil resources), it also has the highest per capita GDP. But at the same time, according to the…
From historian David T. Beito, here is one excerpt: FDR gave unquestioning support to President Wilson’s crackdown on free speech during World War I, including his enforcement of the Sedition and Espionage Acts. According to Kenneth S. Davis, Roosevelt “went along with prevailing trends in the realm of the national spirit, uninhibited by any strong…
The Supreme Court has ruled that four Uber drivers are employees of Uber, despite written agreements they are contractors, not employees. The practical effect of this decision is terrible. Uber has been great for passengers. Not only can we hold drivers to account through ratings, we save a lot of money. An Uber to the…
The Tamihere faction of Te Pati Maori may end up the victors, but a pyrrhic victory. I understand that Hana-Rawhiti Maipi-Clarke is consulting her electorate over the next two weeks on whether she should remain with Te Pati Maori under its current leadership. Also new MP Oriini Kaipara is battling with TPM leadership over control…
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.
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.”
“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.
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