TweetHere’s a letter to the Wall Street Journal: Editor: You’re correct that “Trump has no China trade strategy” (June 12). Nearly all trade talk coming from this administration is economically incoherent bluster from which we Americans can expect only diminished prosperity. You err, however, in describing China as having a “stranglehold on rare-earth minerals.” China…
The Profit Motive Will Ensure Adequate Supplies of Rare Earths
The Profit Motive Will Ensure Adequate Supplies of Rare Earths
21 Jun 2025 1 Comment
in applied price theory, international economics, politics - USA, resource economics Tags: China
U. S. Supreme Court affirms Tennessee’s ban on medical “gender-affirming care”
20 Jun 2025 Leave a comment
in gender, health economics, politics - USA
In 2023, Tennessee passed a bill to restrict access of minors to “affirmative care”, though only minors who wanted blockers or hormones to assume the identity of his/her non-natal sex or to relieve gender dysphoria. Tennessee is now one of 15 states that has passed laws restricting affirmative care. Note, though, that hormones and blockers […]
U. S. Supreme Court affirms Tennessee’s ban on medical “gender-affirming care”
Markets are forward-looking
18 Jun 2025 1 Comment
in applied price theory, defence economics, econometerics, economic growth, economic history, financial economics, macroeconomics, market efficiency, politics - USA, war and peace Tags: efficient markets hypothesis, World War II
LPL Financial analyzed 25 major geopolitical episodes, dating back to Japan’s 1941 attack on Pearl Harbor. “Total drawdowns around these events have been fairly limited,” Jeff Buchbinder, LPL’s chief equity strategist, wrote in a research note on Monday. (Full recoveries often “take only a few weeks to a couple of months,” he added.) Deutsche Bank analysts […]
Markets are forward-looking
Bill Maher: The MUSKeteers (with Fetterman lagniappe)
16 Jun 2025 Leave a comment
in politics - USA, television, TV shows Tags: political correctness, regressive left
Here’s the comedy/news bit from yesterday’s “Real Time”: another New Rules bit called “The MUSKeteers,” so you know what the subject is. Maher takes up Musk’s suggestion that we create a new political party comprising the 80% of Americans “in the middle.” Maher admires Musk’s engineering ability, but not his ability to manage the government; […]
Bill Maher: The MUSKeteers (with Fetterman lagniappe)
“In the Spirit of Your Loyalty”: LA Citycouncil Member Asks Police to Warn Citizens of Federal Operations
15 Jun 2025 Leave a comment
in law and economics, politics - USA Tags: economics of immigration, law and order
There was an extraordinary moment this week in Los Angeles where City Councilmember Imelda Padilla asked LAPD Chief Jim McDonnell to monitor and warn citizens whenever the federal authorities are conducting an operation or seeking to make an arrest. Padilla asked McDonnell if they could use “AI” and other means to give immigrants a heads […]
“In the Spirit of Your Loyalty”: LA Citycouncil Member Asks Police to Warn Citizens of Federal Operations
Always Ready, Always There: Democrats Mobilize Against the National Guard Deployment
10 Jun 2025 Leave a comment
in economics of crime, law and economics, politics - USA Tags: constitutional law, economics of immigration, law and order
Below is my column in Fox.com on the deployment of National Guard in Los Angeles. Another round of court challenges are unfolding, but the escalation is likely to continue on both sides. While the Guard’s motto is “Always Ready, Always There!,” California Democrats do not want them between rioters and federal law enforcement. Here is […]
Always Ready, Always There: Democrats Mobilize Against the National Guard Deployment
Very Expensive Affordable Housing
10 Jun 2025 1 Comment
in applied price theory, economics of regulation, law and economics, politics - USA, property rights, urban economics Tags: housing affordability, offsetting behavior, The fatal conceit, unintended consequences
In my post Affordable Housing is Almost Pointless, I highlighted how point systems for awarding tax credits prioritize DEI, environmental features, energy efficiency, and other secondary goals far more than low cost. A near-comic example comes from D.C., where so-called affordable housing units now cost between $800,000 and $1.3 million dollars each! One such unit […]
Very Expensive Affordable Housing
HA.,HA., Thump: Hawaii Sued by the Babylon Bee and Other Groups Over Speech Crimes
09 Jun 2025 Leave a comment
in economics of regulation, politics - USA Tags: free speech
We have previously discussed laws that seek to criminalize “materially deceptive” political content worldwide, including memes and parodies. A civil law was blocked in California, where satirists and comedians opposed a Democratic law barring parodies and other expressions considered misleading. Now, legislators in Hawaii are trying again with a new law (S 2687) that criminalizes […]
HA.,HA., Thump: Hawaii Sued by the Babylon Bee and Other Groups Over Speech Crimes
Hard Landing: The Return of Kilmar Abrego Garcia
09 Jun 2025 Leave a comment
in economics of crime, labour economics, labour supply, law and economics, politics - USA Tags: economics of immigration
Below is my column at Fox.com on the return of Kilmar Abrego Garcia and what lies ahead in the case. Regardless of the outcome of the criminal prosecution, one thing seems virtually certain: Abrego Garcia will eventually go home . . . to El Salvador. Here is the column:
Hard Landing: The Return of Kilmar Abrego Garcia
America’s Housing Supply Problem: The Closing of the Suburban Frontier?
08 Jun 2025 1 Comment
in economics of bureaucracy, economics of regulation, income redistribution, politics - USA, Public Choice, regulation, rentseeking, urban economics Tags: housing affordability, land supply, zoning
Housing prices across much of America have hit historic highs, while less housing is being built. If the U.S. housing stock had expanded at the same rate from 2000-2020 as it did from 1980-2000, there would be 15 million more housing units. This paper analyzes the decline of America’s new housing supply, focusing on large […]
America’s Housing Supply Problem: The Closing of the Suburban Frontier?
Bill Maher’s newest rule
08 Jun 2025 Leave a comment
in politics - USA, television, TV shows
Bill Maher’s “new rule” deals once again with why Democrats have lost power. Maher considers that we need a “liberal Joe Rogan,” but notes that Rogan doesn’t seem to have hewed too close to the Trumpian dogma. He adds that Musk, too, used to be more liberal, and explains their conversion, in part, due to […]
Bill Maher’s newest rule
A hugely important document for NZ to learn from.
07 Jun 2025 Leave a comment
in economic history, health economics, politics - New Zealand, politics - USA
The Whitehouse recently released a document titled: Make America Healthy Again. The health trends listed are stark – and the needed solutions are clear (even if is going to be like doing an Aircraft Carrier doing a u-turn in the Suez Canal). In many of the crisis stats NZ is not far behind. These are […]
A hugely important document for NZ to learn from.
Again, There is No Right to a Stable Climate
04 Jun 2025 1 Comment
in constitutional political economy, economics of bureaucracy, economics of climate change, economics of regulation, energy economics, environmental economics, environmentalism, global warming, law and economics, politics - USA, property rights, Public Choice, rentseeking, resource economics Tags: climate activists, climate alarmism, nuisance suits
Announced this week was this from Inside Climate News: Trump Executive Orders Violate Young People’s Rights to a Stable Climate, a Lawsuit Alleges. Excerpts in italics with my bolds. Twenty-two young people from across the country sued the Trump administration over the executive orders, which prioritize the expansion of fossil fuels. The complaint, filed Thursday […]
Again, There is No Right to a Stable Climate
RIF Rift: Trump Administration Asks Court to Enjoin San Francisco Judge
03 Jun 2025 Leave a comment
As we continue to await the Supreme Court’s ruling on the national or universal injunction question, the Trump administration has filed another request to block a district court order that prevents it from implementing a “reduction-in-force” policy. The request in Trump v. American Federation of Government Employees could have major implications for other such orders even […]
RIF Rift: Trump Administration Asks Court to Enjoin San Francisco Judge
SCOTUS Slaps Down Green Overreach: 8-0 Ruling Frees Infrastructure from NEPA Shackles
03 Jun 2025 Leave a comment
in economics of bureaucracy, economics of regulation, environmental economics, environmentalism, law and economics, politics - USA, property rights, Public Choice
he fact that the project might foreseeably lead to the construction or increased use of a separate project does not mean the agency must consider that separate project’s environmental effects
SCOTUS Slaps Down Green Overreach: 8-0 Ruling Frees Infrastructure from NEPA Shackles
Utopia, you are standing in it! 
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