Celebrating humanity's flourishing through the spread of capitalism and the rule of law
31 May 2025 Leave a comment
in law and economics, politics - USA, property rights
This week, The New York Times reported that the town of Toms River, New Jersey, is moving to condemn the Christ Episcopal Church through eminent domain to build pickleball courts and a park. Church members claim that the move was retaliation for a planned homeless shelter at the site. The case could raise one of the […]
The Eminent Domain Racket: New Jersey Move to Condemn Church Could Put Court in a Pickle
30 May 2025 Leave a comment
in budget deficits, business cycles, economic growth, fiscal policy, inflation targeting, labour economics, macroeconomics, monetary economics, politics - New Zealand, public economics, unemployment Tags: monetary policy
Michael Reddell writes – Procrastinating this morning, I asked Grok to write a post in my style on yesterday’s Monetary Policy Statement. Suffice to say, I think I’ll stick to thinking and writing for myself for the time being. Among the many oddities of Grok’s product was the conviction that Adrian Orr was still Governor. Mercifully […]
May Monetary Policy Statement
30 May 2025 Leave a comment
in international economic law, international economics, politics - USA Tags: tarrifs
Below is my column in the New York Post on the decision yesterday finding that the Trump tariffs are invalid. What happens now will be, if nothing else, interesting. Dusk has come to Liberation Day. Trump has options, but the pressure will now be greater on Congress as bilateral trade agreements are moving forward. Here […]
Liberation Dusk? Court Strikes Down Trump Tariffs in the Midst of Trade Negotiations
30 May 2025 Leave a comment
in politics - New Zealand Tags: constitutional law
Richard Prebble writes: Claims standards of parliamentary behaviour have fallen are nonsense. Except for Te Pāti Māori, this is a well-behaved House. The Speaker’s referral of the floor protest to the Privileges Committee was not discretionary. It was required by Standing Orders. The Speaker was lenient. He could have ordered the Sergeant-at-Arms to end the Māori Party […]
Prebble on Labour and TPM
29 May 2025 Leave a comment
in economics of climate change, economics of regulation, energy economics, environmental economics, environmentalism, global warming, law and economics, politics - USA, property rights, Public Choice, rentseeking Tags: climate alarmism, nuisance suits
What is already clear are the serious and senseless economic consequences that will follow if states are allowed to punish fossil fuel companies for their lawful past production.
Liability for Climate Change: An Inequitable Economic Disaster
29 May 2025 1 Comment
in economics of regulation, politics - USA, public economics, urban economics Tags: NIMBY, zoning
See Small-Town Locals and Newcomers Unite Against a Common Foe: Data Centers: Residents in Appalachian tourist area band together to keep one of the largest data-center complexes in the world out of their no-stoplight community by Kris Maher of The WSJ. Excerpts:”residents [of DAVIS, W.Va.] are . . . determined to keep big tech out of…
Life is full of tradeoffs: We can have more data centers and local tax revnue or less tourism and a dirtier environment
29 May 2025 Leave a comment
in discrimination, economics of education, politics - USA Tags: racial discrimination
Below is my column on Fox.com on the escalating fight between Harvard and the Trump Administration. For Harvard, this could prove a case of winning battles and losing a war of attrition. Here is the column:
Poison Ivy: Why Harvard Will Likely Lose a War of Attrition with the Trump Administration
28 May 2025 Leave a comment
in applied price theory, economics of bureaucracy, economics of regulation, health economics, politics - New Zealand, Public Choice Tags: drug lags
Eric Crampton writes – New medicines are slow to be authorised for the New Zealand market. Even if a medicine has already been approved by many other trustworthy overseas regulators like those in Canada, the UK, Australia, and the EU, Medsafe can take a very long time to evaluate a medicine.
New medicine approvals plan an exercise in not solving the problem
27 May 2025 Leave a comment
in applied price theory, economic growth, fiscal policy, macroeconomics, politics - New Zealand, public economics Tags: taxation and investment
After the discussion in my post yesterday on the Investment Boost subsidy scheme announced in the Budget I thought a bit more about who was likely to benefit the most from it. The general answer of course is the purchasers of the longest-lived assets. Why? Because if you have an asset which IRD estimates to […]
One last post on Investment Boost
27 May 2025 Leave a comment
in budget deficits, business cycles, economic growth, fiscal policy, macroeconomics, politics - New Zealand, Public Choice, public economics Tags: taxation and investment
On two separate themes; aggregate fiscal policy, and the Investment Boost initiative. Aggregate fiscal policy Over the weekend for some reason I was prompted to look up the Budget Responsibility Rules that Labour and the Greens committed to in early 2017 (my commentary on them here). At the time, the intention seemed to be to […]
Some more post-Budget thoughts
27 May 2025 Leave a comment
in politics - USA Tags: constitutional law
Below is my column on the continuing confusion over national or universal injunctions. The last week has shown that this chronic injunctivitis must end. Here is the column:
The Justices Must At Long Last Deal with Chronic Injunctivitis
26 May 2025 Leave a comment
in constitutional political economy, politics, Public Choice Tags: Canada, constitutional law
Nova Scotia Shows a Better Way In February, I outlined a government bill tabled by Tim Houston, Premier of Nova Scotia, which contained a line to repeal the province’s fixed-date elections law, amongst other things. The omnibus Government Organization and Administration Act received Royal Assent on 26 March 2025, and thus makes Nova Scotia both […]
Updates on the Reform Act and Fixed-Date Elections
24 May 2025 Leave a comment
in budget deficits, fiscal policy, macroeconomics, politics - New Zealand, Public Choice, public economics
Eric Crampton writes – This week’s budget projected no return to balanced books. It is difficult to see how recent budgets from National and Labour comply with the Public Finance Act’s fiscal responsibility provisions. It is a problem.
Deficits forever?
23 May 2025 Leave a comment
in applied price theory, budget deficits, economic growth, economics of regulation, entrepreneurship, fiscal policy, macroeconomics, politics - New Zealand, Public Choice, public economics
Michael Reddell writes – There were good things in the Budget. There may be few/no votes in better macroeconomic statistics and, specifically, a monthly CPI but – years late (for which the current government can’t really be blamed) – it is finally going to happen.
The (deeply underwhelming) Budget
23 May 2025 Leave a comment
in applied price theory, discrimination, econometerics, economic history, gender, health economics, labour economics, politics - USA, population economics Tags: abortion law reform
Regulations about abortion are often wildly controversial. But what effects to they actually have? Caitlin Myers addresses these issues in “From Roe to Dobbs: 50 Years of Cause and Effect of US State Abortion Regulations” (Annual Review of Public Health 2025, pp. 433-446). As a starting point, consider the years before and after the 1973 US Supreme Court…
US State-Level Abortion Regulations: Causes and Effects
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
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