When interest rates rise, the price of long-term assets falls. Consequently, when the Fed began raising interest rates in 2022, the value of bonds and mortgages dropped, causing significant accounting losses for banks heavily invested in these assets. Silicon Valley Bank went bust, for example, because depositors fled upon realizing it was holding lots of […]
Bailouts Forever
Bailouts Forever
02 Jun 2024 Leave a comment
in business cycles, economic history, financial economics, global financial crisis (GFC), macroeconomics, monetary economics, politics - USA Tags: deposit insurance
Trump is Convicted: What Comes Next?
01 Jun 2024 Leave a comment
in economics of crime, law and economics, politics - USA Tags: 2016 presidential elections, 2024 presidential election
This morning, many of us are emerging from the late coverage last night after the conviction of former President Donald Trump on 34 felonies. I was in the courtroom for the verdict, which hit like a thunderclap (particularly after a strange snafu with the judge). The question that everyone is asking: what happens next?
Trump is Convicted: What Comes Next?
Karen Chhour Skewers The Maori Party
31 May 2024 Leave a comment
in economic history, economics of crime, economics of education, income redistribution, labour economics, law and economics, liberalism, Marxist economics, politics - New Zealand, poverty and inequality, property rights, Public Choice, public economics Tags: child abuse, child poverty, crime and punishment, family poverty, law and order
Article is by Chris Lynch and I have pinched this one from The BFD Blog. `ĀCT MP Karen Chhour has responded to the Maori Party’s “divisive outbursts.” Co-leader Rawiri Waititi said yesterday, ‘It’s now time for us to step comfortably into our rangatiratanga and to not give too much to this Pakeha Government with their […]
Karen Chhour Skewers The Maori Party
The Huge Potential Benefits of Charter Schools
30 May 2024 Leave a comment
in economics of bureaucracy, economics of education, managerial economics, organisational economics, politics - New Zealand, Public Choice
Alwyn Poole writes – In New Zealand we have approximately 460 high schools. The gaps between the schools that produce the best results for students and those at the other end of the spectrum are enormous. In terms of the data for their leavers, the top 30 schools have an average of 87% of their […]
The Huge Potential Benefits of Charter Schools
Updated estimates on immigration and wages
30 May 2024 Leave a comment
in applied price theory, applied welfare economics, econometerics, human capital, labour economics, labour supply, politics - USA Tags: economics of immigration
In this article we revive, extend and improve the approach used in a series of influential papers written in the 2000s to estimate how changes in the supply of immigrant workers affected natives’ wages in the US. We begin by extending the analysis to include the more recent years 2000-2022. Additionally, we introduce three important […]
Updated estimates on immigration and wages
Professor Accuses UCLA of “Torturing” Pro-Palestinian Protesters
29 May 2024 Leave a comment
in defence economics, economics of crime, economics of education, law and economics, laws of war, Marxist economics, politics - USA, property rights, war and peace Tags: free speech, Gaza Strip, Israel, Middle-East politics, political correctness, regressive left, war against terror
UCLA Professor Hannah Appel has accused the school of human rights violations amounting to “torture” in the treatment of pro-Palestinian protesters. The reason is the denial of water and food from being brought into a building being unlawfully occupied by protesters, even though the students were free to leave at any time.
Professor Accuses UCLA of “Torturing” Pro-Palestinian Protesters
Most media again ignoring incitement to violence by Te Pati Maori
29 May 2024 Leave a comment
in economics of crime, law and economics, politics - New Zealand
Here we have Te Pati Maori saying the revolution is here, with crossed guns as imagery. Sarah Palin got crucified by many media for merely posting an imagine of a politician in cross-hairs. Imagine an ACT MP posted something showing pistols and calling for revolution? It would lead every news story. View this post on…
Most media again ignoring incitement to violence by Te Pati Maori
The case against reverse uplifts
28 May 2024 Leave a comment
in law and economics, politics - New Zealand Tags: child protection
Karen Chhour writes: But the legislation has had unintended consequences. We’ve seen what happens when an interpretation of Te Tiriti is placed above the needs of the child. In some cases, we have seen “reverse uplifts”, where a child is removed from a loving foster home to be placed with relatives deemed more culturally appropriate. […]
The case against reverse uplifts
Putting children first
26 May 2024 Leave a comment
in economics of crime, law and economics, politics - New Zealand Tags: child protection, economics of fertility
Ele Ludemann writes – Minister for Children Karen Chhour is putting children first: Hon KAREN CHHOUR: I move, That the Oranga Tamariki (Repeal of Section 7AA) Amendment Bill be now read a first time. I nominate the Social Services and Community Committee to consider the bill.
Putting children first
ROGER PARTRIDGE: The Tikanga Challenge for Law Schools, the Rule of Law – and Parliament
24 May 2024 Leave a comment
in law and economics, politics - New Zealand, property rights
Barrister Gary Judd KC’s complaint to the Regulatory Review Committee has sparked a fierce debate about the place of tikanga Māori – or Māori customs, values and spiritual beliefs – in the law. Judd opposes the New Zealand Council of Legal Education’s plans to make teaching tikanga compulsory in the legal curriculum. AUT Law School…
ROGER PARTRIDGE: The Tikanga Challenge for Law Schools, the Rule of Law – and Parliament
The Death of Franklin Roosevelt – WW2 Documentary Special
23 May 2024 Leave a comment
in defence economics, economic history, politics - USA, war and peace Tags: World War II
How serious is an MP’s failure to declare $178k in donations?
23 May 2024 Leave a comment
in economics of crime, law and economics, politics - New Zealand
Bryce Edwards writes – It’s being explained as an “inadvertent error”. However, National MP David MacLeod’s excuse for failing to disclose $178,000 in donations for his election campaign last year is not necessarily enough to prevent some serious consequences. A Police investigation is now likely, and the result of his non-disclosure could even see him […]
How serious is an MP’s failure to declare $178k in donations?
Charter Schools are a worthwhile addition to our school system – but ACT is mis-selling why they are Good and Labour is mis-selling why they are Bad.
22 May 2024 Leave a comment
in economics of bureaucracy, economics of education, managerial economics, organisational economics, personnel economics, politics - New Zealand, Public Choice
We know the old saying, “Never trust a politician”, and the Charter School debate is a good example of it. Charter Schools receive public funding, yet “are exempt from most statutory requirements of traditional public schools, including mandates around .. human capital management .. curriculum & instructional practices, and governance & management structures”. That’s a…
Charter Schools are a worthwhile addition to our school system – but ACT is mis-selling why they are Good and Labour is mis-selling why they are Bad.
Terrible poll for Biden
21 May 2024 Leave a comment
in politics - USA Tags: 2024 presidential election
The NY Times published a poll done by Sienna (top rated polling company) in six battleground states. They showed Biden behind in five of the six states by margins ranging from 2% to 14%. It’s only one set of polls, but the demographic breakdowns are what is fascinating. This is Trump’s lead over Biden in […]
Terrible poll for Biden
Biden’s Voldemortian Theory of Privilege: The President Whose Voice Must Not Be Heard
21 May 2024 Leave a comment
in economics of crime, law and economics, politics - USA Tags: 2024 presidential election
Below is my column in The Hill on the curious claim of executive privilege over the audiotape from President Joe Biden’s interview with Special Counsel Robert Hur. It is the first time that I know of where the content of a presidential conversation was treated as unprivileged but not audio of the conversation claimed as […]
Biden’s Voldemortian Theory of Privilege: The President Whose Voice Must Not Be Heard
Utopia, you are standing in it! 
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