People who enter illegally by boat do not increase the number of refugees of Australia admits in any one year. They change who was granted asylum within the same fixed quota. Increasing the quota will not change incentives for illegal entry if illegal entry allows for settlement in Australia.
No @sarahinthesen8 this is not acceptable. Stopping the boats saved hundreds of lives
30 May 2016 Leave a comment
in Economics of international refugee law, international economic law, International law, labour economics, politics - Australia Tags: Australian Greens, avoiding difficult choices, economics of immigration, Leftover Left, rational irrationality
Remember this every time the Left says the government invented the Internet
30 May 2016 Leave a comment
in comparative institutional analysis, economic history, economics of bureaucracy, entrepreneurship, industrial organisation, politics - USA, Public Choice, survivor principle Tags: entrepreneurial alertness, industry policy, Internet, picking roses, picking winners
Gap in GDP per Australian, Canadian, French, German, Japanese, New Zealander and British hour worked with the USA
28 May 2016 Leave a comment
in economic growth, economic history, labour economics, labour supply, macroeconomics, politics - Australia, politics - New Zealand, politics - USA, public economics Tags: Australia, British economy, Canada, Eurosclerosis, France, Germany, Japan, labour productivity, measurement error, taxation and labour supply
This data tells more of a story than I expected. Firstly, New Zealand has not been catching up with the USA. Japan stopped catching up with the USA in 1990. Canada has been drifting away from the USA for a good 30 years now in labour productivity.
Data extracted on 28 May 2016 05:15 UTC (GMT) from OECD.Stat from OECD Compendium of Productivity Indicators 2016 – en – OECD.
Australia has not been catching up with the USA much at all since 1970. It has maintained a pretty consistent gap with New Zealand despite all the talk of a resource boom in the Australia; you cannot spot it in this date are here.
Germany and France caught up pretty much with the USA by 1990. Oddly, Eurosclerosis applied from then on terms of growth in income per capita.
European labour productivity data is hard to assess because their high taxes lead to a smaller services sector where the services can be do-it-yourself. This pumps up European labour productivity because of smaller sectors with low productivity growth.
@PikettyLeMonde pension fund socialism has finished taking over #capitalism #Piketty
28 May 2016 Leave a comment
in economic history, financial economics, politics - USA, public economics Tags: company tax, Leftover Left, pension fund socialism, Peter Drucker, tax havens, taxation and entrepreneurship, taxation and investment, Twitter left
Peter Drucker first pointed out in the 70s that the retirement savings of ordinary workers will end up opening the majority of public listed companies. That day has come much to the disappointment of the Leftover Left ranging from Thomas Piketty to Max Rashbrooke.
Source: CONVERSABLE ECONOMIST: US Corporate Stock: The Transition in Who Owns It.
Any call for higher taxes on investment incomes and capital and even tax havens is an attack on the retirement savings of ordinary workers.
“GMO’s are Dangerous!” – Not Â
28 May 2016 Leave a comment
in economics of regulation, environmental economics, health economics, politics - New Zealand, politics - USA Tags: Anti-Science left, GMOs
#NeverTrump but why no #neverBernie, only #feelthebern?
28 May 2016 Leave a comment
in constitutional political economy, politics - USA Tags: 2016 presidential election, Leftover Left, reactionary left, taxation and entrepreneurship, taxation and investment, taxation and labour supply, Twitter left
Why have no Democrats formed the equivalent of #NeverTrump?
Bernie Sanders is not even a member of their party. Have they no principles?
Many of their republican opponents do in rejecting Trump and planning to vote for either Clinton or Gary Johnson.
Sanders is an old socialist throwback whose economic policies would plunge the American economy into a deep recession harming most of all those that Democrats claim to represent.
Sander’s mind is just as inflexible as that of Trump as is his unwillingness to learn from events.
What is freighted by road? @TransportBlog @JulieAnneGenter
26 May 2016 Leave a comment
in environmental economics, industrial organisation, politics - New Zealand, survivor principle, transport economics Tags: celebrity technologies, New Zealand Greens
What is freighted by rail? @TransportBlog @JulieAnneGenter
25 May 2016 Leave a comment
in politics - New Zealand, transport economics Tags: celebrity technologies, New Zealand Greens
The Greens want to expand rail freight but stop mining coal which is 1/5 of rail tonnage.
Source: Ministry of Transport (2014). National Freight Demand Study 2014.
Fight Labor. Fight the Greens. Fight Liberal betrayal
25 May 2016 Leave a comment
in economics, politics - USA Tags: 2016 Australian election
@jamespeshaw what do coastal ships ship when they ship 4.2 million tonnes per year?
24 May 2016 Leave a comment
in politics - New Zealand, transport economics Tags: celebrity technologies
If coastal shipping is going to double its freight capacity, and certainly going to need some new ships because the existing ships are unsuited to taking over the current business of road freight.
Source: Ministry of Transport (2014). National Freight Demand Study 2014.
The decline and decline of the rentier class in the USA
24 May 2016 Leave a comment
in economic history, entrepreneurship, human capital, industrial organisation, labour economics, labour supply, occupational choice, politics - USA, poverty and inequality Tags: entrepreneurial alertness, superstar wages, superstars, top 1%, top incomes
Looks like the Reagan Revolution coincided with the American rich going out to work for a living. They started earning most of their incomes from wages, salaries and pensions or from entrepreneurial income. The American rich are now working rich; top wage earners, not top income earners.
Source: The World Wealth and Income Database.
@JulieAnneGenter only 21% of freight is contestable by rail
24 May 2016 Leave a comment
in environmental economics, industrial organisation, politics - New Zealand, survivor principle, transport economics Tags: celebrity technologies, New Zealand Greens
Source: International freight transport services | Productivity Commission of New Zealand.
Source: International freight transport services | Productivity Commission of New Zealand.
@jamespeshaw only 8% of freight is contestable by coastal shipping
24 May 2016 Leave a comment
in industrial organisation, politics - New Zealand, survivor principle, transport economics Tags: celebrity technologies, New Zealand Greens
Shipping offers only a tiny bit of competition the rail freight but barely any with road freight
Source: International freight transport services | Productivity Commission of New Zealand.
@JulieAnneGenter road, rail & ships are not substitute modes
24 May 2016 Leave a comment
in politics - New Zealand, transport economics Tags: celebrity technologies, New Zealand Greens
@jamespeshaw how many domestic shipping services in NZ? 16!
24 May 2016 Leave a comment
in energy economics, environmental economics, global warming, politics - New Zealand, transport economics Tags: celebrity technologies, coastal shipping, New Zealand Greens
Of the 4.2 billion million tons of annual coastal shipping in New Zealand, 2.32 million tons of that is petroleum products. The majority of coastal shipping is petroleum products redistributed from the one refinery in New Zealand to the rest of the country. You can’t double that which the Greens wanted to because it is already at its upper limit.
Source: Coastal shipping and modal freight choice | NZ Transport Agency.
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