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?
Deficits forever?
24 May 2025 Leave a comment
in budget deficits, fiscal policy, macroeconomics, politics - New Zealand, Public Choice, public economics
The (deeply underwhelming) Budget
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
US State-Level Abortion Regulations: Causes and Effects
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
The cost of Labour’s botched pay equity scheme
23 May 2025 1 Comment
in discrimination, gender, human capital, labour economics, labour supply, occupational choice, politics - New Zealand, poverty and inequality Tags: gender wage gap, sex discrimination
The Herald reports: During her Budget presentation, Willis said that pay equity costs in 2020 were initially expected to reach $3.7b but there had since been a “blowout” with costs rising steeply, especially due to Labour’s 2022 decision to fund claims in the “funded sector”. The exact figure isn’t known, but as they have announced […]
The cost of Labour’s botched pay equity scheme
Econ 101 is Underrated: Pharma Price Controls
22 May 2025 Leave a comment
in applied price theory, development economics, economics of regulation, entrepreneurship, health economics, law and economics, politics - USA, property rights Tags: 2024 presidential election, patents and copyrights, price controls, price discrimination
Econ 101 is often dismissed as too simplistic. Yet recent events suggest that Econ 101 is underrated. Take the tariff debate: understanding that a tariff is a tax, that prices represent opportunity costs, that a bilateral trade deficit is largely meaningless, that a so-called trade “deficit” is equally a goods surplus or an investment surplus—these […]
Econ 101 is Underrated: Pharma Price Controls
Racist or righteous? Privileges Committee versus Te Pāti Māori
21 May 2025 Leave a comment
in politics - New Zealand Tags: constitutional law
Ani O’Brien writes – I have written many times before about narratives and the role of constructing the binary of good and evil in politics. This week we again see how storytelling is shaping a prominent political conflict with the race to own the narrative as the Privileges Committee hands down its recommendations. On the […]
Racist or righteous? Privileges Committee versus Te Pāti Māori
The Nail in the Coffin for Maori Seats
21 May 2025 Leave a comment
in politics - New Zealand Tags: constitutional law
Don Brash writes – I don’t know about you, but I have had a gutsful of the disrespect and disdain Te Pāti Māori show for our Parliament and for all of us. With their hateful rhetoric and disruptive antics they have demonstrated that Māori seats have become the home of the most extreme race activists.
The Nail in the Coffin for Maori Seats
“For Posterity’s Sake”: Why the Biden-Hur Tapes is a Virtual Racketeering Indictment
21 May 2025 Leave a comment
in politics - USA Tags: 2024 presidential election, media bias
“For posterity’s sake.” Those words from President Joe Biden sum up the crushing impact of the leaked audiotapes from the interview between then-President Joe Biden and Special Counsel Robert Hur. Not only did they remove any serious doubt over Biden committing the federal crimes charged against President Donald Trump, but they also constituted what is […]
“For Posterity’s Sake”: Why the Biden-Hur Tapes is a Virtual Racketeering Indictment
Labour goes all in with Te Pāti Māori
20 May 2025 Leave a comment
in politics - New Zealand Tags: constitutional law
The Labour Party can’t form a potential Government without TPM, so they appear to have decided to go all in on their behalf. Evidence: Personally I’m delighted. The more Labour hug the toxic TPM, the more it will doom them come the election as voters realise that a vote for Labour is a vote for…
Labour goes all in with Te Pāti Māori
Courting Controversy: Justices’ Side Commentaries Undermine the Supreme Court
20 May 2025 Leave a comment
in politics - USA Tags: constitutional law
Below is my column in The Hill on the controversy this month over extrajudicial comments made by Justices Sonia Sotomayor and Elena Kagan. These are only the latest such comments by justices that became distractions during the discussion of pending cases before the Court. Here is the column:
Courting Controversy: Justices’ Side Commentaries Undermine the Supreme Court
Fiscal starting points
19 May 2025 Leave a comment
in budget deficits, business cycles, economic growth, fiscal policy, macroeconomics, politics - New Zealand, Public Choice Tags: economics of pandemics
Not that long ago, New Zealand’s fiscal balances looked pretty good by advanced country standards. Sure, the fiscal pressures from longer life expectancies were beginning to build – as they were in most of the advanced world – but in absolute and relative terms New Zealand still looked in pretty good shape. Just a few […]
Fiscal starting points
He should have apologised
19 May 2025 Leave a comment
in law and economics, politics - Australia, property rights Tags: defamation, free speech
The ABC reports: There are concerns that former Victorian Liberal leader John Pesutto will be bankrupted after being ordered to pay costs of $2.3 million after losing his defamation battle with Moira Deeming. … The Federal Court order handed down on Friday morning, raises the prospect Mr Pesutto will be bankrupted and forced out of…
He should have apologised
Propping up the film sector or stimulating growth?
19 May 2025 Leave a comment
in economics of media and culture, entrepreneurship, industrial organisation, movies, politics - New Zealand, Public Choice, rentseeking, survivor principle, television Tags: corporate welfare
Ani O’Brien writes – On Friday night, having imbibed a few wines I strayed onto X to unwisely engage in some (slightly drunk) opinion sharing. I tweeted:
Propping up the film sector or stimulating growth?
To Be or Not To Be a Hypocrite? Outrage over Trump Targeting Law Firms is Turning Shakespearean
19 May 2025 Leave a comment
Below is my column in The Hill on the recent opinion blocking President Donald Trump’s executive order sanctioning the law firm of Perkins Coie for its role, on behalf of the Clinton campaign, in the Russian collusion scandal. The opposition to the order has taken on a certain Shakespearean flare that conceals the underlying hypocrisy […]
To Be or Not To Be a Hypocrite? Outrage over Trump Targeting Law Firms is Turning Shakespearean
Once again, pro-Palestinian protestors at the University of Chicago violate campus rules but don’t get punished
19 May 2025 Leave a comment
in economics of crime, economics of education, law and economics, politics - USA, property rights Tags: free speech, Gaza Strip, Israel, Middle-East politics, regressive left
If you’ve read about the various pro-Palestinian and anti-Israel protests across American campuses, one thing you’ll notice is a general reluctance to punish demonstrators when they violate university rules. Of course protests are usually fine if they conform to First Amendment principles (though some schools don’t hold those principles), but they’re never fine when they […]
Once again, pro-Palestinian protestors at the University of Chicago violate campus rules but don’t get punished
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