Celebrating humanity's flourishing through the spread of capitalism and the rule of law
28 Jul 2024 Leave a comment
in budget deficits, business cycles, economic growth, fiscal policy, inflation targeting, labour economics, macroeconomics, monetary economics, politics - New Zealand, unemployment Tags: monetary policy
I picked up The Post this morning to find the lead story headlined “Recession hits homes harder than businesses”, reporting a speech given earlier this week by Treasury’s deputy secretary and chief economic adviser Dominick Stephens. There was an account of the same speech, but with some different material, on BusinessDesk a couple of days […]
Treasury says one thing in a speech but quite another in the BEFU
27 Jul 2024 Leave a comment
in comparative institutional analysis, constitutional political economy, economic history, law and economics, politics - New Zealand, property rights Tags: constitutional law
Justice Joe Williams in his 2013 paper Lex Aoteoroa made a case for Māori tikanga being recognized as New Zealand’s “first law”. Tikanga existed prior to New Zealand’s development of a legal system based on the British model. Without written language pre-European Māori tikanga is not well documented. However, its customs and norms governed, for […]
Tikanga, law and information asymmetry
27 Jul 2024 Leave a comment
in applied price theory, economics of bureaucracy, economics of regulation, income redistribution, politics - New Zealand, politics - USA, Public Choice, regulation, rentseeking, urban economics Tags: housing affordability, land supply
Ed Glaeser is the chairman of Harvard’s Department of Economics. He’s also widely credited with reviving the entire field of Urban Economics. His 2018 “The Economics of Housing Supply” (with Joe Gyourko) in the Journal of Economic Perspectives was a major inspiration for my Build, Baby, Build. So in the latest “Fast Takes” interview, I…
Fast Takes on *Build, Baby, Build*: Ed Glaeser
27 Jul 2024 Leave a comment
in applied price theory, comparative institutional analysis, financial economics, law and economics, macroeconomics, monetary economics, politics - New Zealand, property rights Tags: digital currency
The Reserve Bank’s latest round of consultation on a possible central bank digital currency (CBDC) closes today. The thick and probably expensive (at least one of the documents was produced jointly with the consultancy firm Accenture) set of consultation documents came up a few months ago. I thought I had run out of time to […]
Not a good case for a CBDC
26 Jul 2024 Leave a comment
in applied price theory, applied welfare economics, economics of regulation, energy economics, environmental economics, global warming, politics - Australia, politics - New Zealand, politics - USA, Public Choice, public economics, rentseeking Tags: cap and trade, carbon tax, climate alarmism
That is the topic of my latest Bloomberg column, here is one excerpt: A recent study finds that, of all domestic subsidies, the most effective involve replacing the dirty production of electricity with the cleaner production of electricity. In practice, that means subsidies or tax credits for solar and wind power. Those are more than twice as effective as […]
Which are the most effective subsidies for green energy?
26 Jul 2024 Leave a comment
in discrimination, health economics, law and economics, politics - New Zealand Tags: political correctness, racial discrimination, regressive left
Graham Adams writes on the media’s mission to demonise NZ’s health system — Not long after I began treatment in 2015 for an aggressive leukaemia, I was phoned by a representative of the Cancer Society. A hospital oncology staffer had strongly recommended I give the organisation my name and contact details so I did. I […]
The Cancer Society is racist? Really?
26 Jul 2024 Leave a comment
in economics of bureaucracy, economics of crime, law and economics, politics - USA, Public Choice Tags: 2024 presidential election, crime and punishment, law and order
No sooner does this blog write about shitty government bureaucrats refusing to do the right thing, and even doubling down on the wrong things, than one of them does the right thing. Cheatle Resigns and for Good Cause. That’s Kimberly Cheatle, head of the United States Secret Service (USSS), finally taking responsibility for her outfit […]
Cheatling Responsibility
26 Jul 2024 Leave a comment
in economics of natural disasters, economics of religion, politics - New Zealand Tags: Age of Enlightenment, conjecture and refutation, cranks, free speech, philosophy of science, political correctness, regressive left
A comment by reader Chris Slater called my attention to this article from GeoNet, an organization described as providing “geological hazard information for Aotearoa New Zealand.” It’s also . . . . sponsored by the New Zealand Government through its agencies: Natural Hazards Commission Toka Tū Ake, GNS Science, Toitū Te Whenua Land Information New Zealand […]
The New Zealand government unites indigenous knowledge with “western science” by claiming that gods cause earthquakes
25 Jul 2024 Leave a comment
in economics of crime, law and economics, liberalism, Marxist economics, politics, property rights Tags: free speech, Italy, political correctness, regressive left
I have long been critical of the erosion of free speech in Italy and other Western European countries, including the use of criminal libel laws against critics of the police or government. This week a Milan court has ordered a journalist to pay Italian Prime Minister Giorgia Meloni damages of 5,000 euros ($5,465) for making […]
Anti-Free Speech Laws Hit New Heights in Italy: Reporter Fined for “Body Shaming” Prime Minister Meloni
25 Jul 2024 Leave a comment
in applied price theory, econometerics, economic history, fiscal policy, macroeconomics, politics - USA, public economics Tags: taxation and entrepreneurship, taxation and investment
That is the topic of my latest Bloomberg column. Here is one summary excerpt: One result: Total tangible corporate investment went up by about 11%. That has been a welcome shot in the arm for an economy that was by some measures suffering from an investment drought. The strong state of the Biden economy may, in…
Current state of knowledge on the Trump tax cuts
24 Jul 2024 Leave a comment
in economics of crime, economics of education, law and economics, politics - USA Tags: 2024 presidential election, crime and punishment, free speech, law and order, political correctness, regressive left
We have been following the controversies surrounding professors commenting on the attempted assassination of former President Donald Trump. Some of those responses have ranged from celebrations to spreading bizarre conspiracy theories. The latest controversy concerns Rutgers University Writing Program Assistant Teaching Professor Tracy Budd, who posted a Facebook message saying ”Let’s hope today’s events inspire […]
“Let’s Hope Today’s Events Inspire Others”: Rutgers Professor Under Fire for Posting on Trump Assassination Attempt
24 Jul 2024 Leave a comment
in economics of crime, energy economics, environmental economics, global warming, law and economics, politics - USA, property rights Tags: climate activists, climate alarmism
By Paul Homewood . A new organisation called Climate Criminals is calling on the International Criminal Court to bring charges against a large number of businessmen and others from what they call the polluter industrial complex, who they deem to be guilty of various crimes against the climate. They are clearly a bunch of loons, […]
Climate Criminals
24 Jul 2024 Leave a comment
in discrimination, economics of education, gender, health economics, labour economics, law and economics, liberalism, Marxist economics, politics - USA Tags: Age of Enlightenment, conjecture and refutation, free speech, gender gap, philosophy of science, political correctness, regressive left, sex discrimination
Here we have a 55-minute (remote) conversation between Richard Dawkins and Kathleen Stock conducted during the “Dissident Dialogues” conference in NYC last May. Here’s a précis of Stock’s background from Wikipedia: Kathleen Mary Linn Stock OBE is a British philosopher and writer. She was a professor of philosophy at the University of Sussex until 2021. She has published academic […]
Dawkins talks to Kathleen Stock
24 Jul 2024 Leave a comment
in constitutional political economy, economics of crime, law and economics, politics - New Zealand, Public Choice Tags: constitutional law, free speech, Maori economic development, political correctness, regressive left
This video, professionally made and showing Kiri Tamihere-Waititi doing what can only be called ranting about her oppression and that of the Māori people, and then winding up by calling for the overthrow of the New Zealand, has caused a stir in that country. I am told that Tamihere-Waititi is a powerful member of Te […]
Māori Party political leader curses and rants on video, calling for overthrow of New Zealand’s government
23 Jul 2024 Leave a comment
in fiscal policy, macroeconomics, monetary economics, politics - New Zealand, public economics Tags: monetary policy
Government departments are now all required by law to write and publish a Long-term Insights Briefing at least every three years. and they have to consult the public on both choice of topic and the draft report The Public Service Commission gives its take on these provisions here Count me more than a little sceptical. […]
Treasury wanting to use fiscal policy more
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
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Celebrating humanity's flourishing through the spread of capitalism and the rule of law
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