TweetHere’s a letter to The Hill. Editor: Pres. Trump said that “China probably will eat those tariffs” (“Trump says China ‘probably will eat those tariffs’,” April 29). So the president believes that the tariffs will be ‘eaten’ by China – meaning, he believes the tariffs won’t result in higher prices in America of Chinese goods.…
Twisted Illogic
Twisted Illogic
02 May 2025 Leave a comment
in applied price theory, history of economic thought, industrial organisation, international economics, politics - USA, Public Choice, rentseeking Tags: 2024 presidential election, free trade, tarrifs
Why Libertarians Should Vote for Obama (1)
29 Apr 2025 Leave a comment
in liberalism, libertarianism, politics - USA Tags: 2008 presidential election
First, war. War is the antithesis of the libertarian philosophy of consent, voluntarism and trade. With every war in American history Leviathan has grown larger and our liberties have withered. War is the health of the state. And now, fulfilling the dreams of Big Brother, we are in a perpetual war. A country cannot long […]
Why Libertarians Should Vote for Obama (1)
Our Mayor dons a keffiyeh
29 Apr 2025 1 Comment
in defence economics, economics of crime, law and economics, politics - USA Tags: Gaza, Israel, Middle-East politics, political correctness, regressive left, war against terror
Ever since the City of Chicago dropped the charges against 26 pro-Palestinian students and two faculty arrested on our campus for trespassing, I’ve wondered whether mayor Brandon Johnson, elected in 2023, has some sympathies for Palestine contrasted with some opprobrium for Israel. (The city also refused to send Chicago cops to take down our encampment, […]
Our Mayor dons a keffiyeh
“This is Not Normal”: Democrats Miss an Obvious Problem with the Arrest of the Wisconsin Judge
28 Apr 2025 Leave a comment
in economics of crime, law and economics, politics - USA Tags: 2024 presidential election, economics of immigration
“This is not normal.” Those words from Sen. Amy Klobuchar, D-Minn., are undeniably true after the arrest of Wisconsin Judge Hannah Dugan. However, the reason it is not normal is far more debatable. Dugan is accused of becoming a lawbreaker in seeking to obstruct an effort to arrest a man wanted by federal authorities. If […]
“This is Not Normal”: Democrats Miss an Obvious Problem with the Arrest of the Wisconsin Judge
Can Trump’s Tariff Offensive Deliver New American Jobs?
28 Apr 2025 Leave a comment
in applied price theory, entrepreneurship, industrial organisation, international economics, politics - USA Tags: 2024 presidential election, free trade, tariffs
By Lauren Weber of The WSJ. Excerpts:”Most economists and other experts are skeptical that job creation will happen on a large scale because planning and building new factories is an incredibly complex and lengthy process. Businesses will be reluctant to do that unless they’re sure the investment is worth it over the long term. A fairly…
Can Trump’s Tariff Offensive Deliver New American Jobs?
Raskin: Trump Officials Can Be Arrested for “Kidnapping” Undocumented Persons
28 Apr 2025 Leave a comment
in defence economics, economics of crime, labour economics, labour supply, law and economics, politics - USA Tags: 2024 presidential election, economics of immigration
For some on the far left, “The Rachel Maddow Show” is a godsend. Otherwise, you would have to go to the subway to compete against others raving about microchips and oligarchies. Just take Rep. Jamie Raskin (D-MD), who went on the show on Friday to explain that Trump officials can now be arrested for “interfering with […]
Raskin: Trump Officials Can Be Arrested for “Kidnapping” Undocumented Persons
Bill Maher’s latest bit: Flirting with fascism
27 Apr 2025 Leave a comment
in politics - USA, television, TV shows Tags: 2024 presidential election
A lot of people came down on Bill Maher for his report about dining with Trump at the White House and, although Maher took Trump to task several times during that visit for the administration’s policies, he had the temerity to confess being surprised that Trump actually was gracious to him in person and even […]
Bill Maher’s latest bit: Flirting with fascism
Weak Essay? Student Rejected by Top Universities Despite Near Perfect Scores and $30 Million App
27 Apr 2025 Leave a comment
in discrimination, economics of education, human capital, labour economics, labour supply, politics - USA Tags: affirmative action, free speech, political correctness, racial discrimination, regressive left
After the Supreme Court declared an end to the use of race criteria in college admissions, many administrators pledged to find a way around the decision. Schools are using essay prompts to flag race while rejecting the use of standardized testing to boost diversity in admissions. In the meantime, these schools are rejecting students with […]
Weak Essay? Student Rejected by Top Universities Despite Near Perfect Scores and $30 Million App
Liberals looking comfortable in Canada
26 Apr 2025 Leave a comment
in politics - USA Tags: Canada
The Canadian election is on Monday (Tuesday NZ time) and the Liberal Party has gone from being 20% behind a few months ago and facing a loss of well over 100 seats to leading in most polls and projected to win re-election. They may not get a majority, which needs 172 seats. Current projections have […]
Liberals looking comfortable in Canada
Supreme Court Hears Major Parental Rights Case Over LGBT Readings
26 Apr 2025 Leave a comment
in discrimination, economics of education, economics of religion, gender, law and economics, liberalism, Marxist economics, politics - USA Tags: sex discrimination
Today, the Supreme Court will hear oral arguments on a major parental rights case in Mahmoud v. Taylor, a challenge to Montgomery County (Md.) requiring their children to participate in instruction that includes LGBTQ+ themes. It is a case that could produce sweeping changes across the county as parents object to the use of public […]
Supreme Court Hears Major Parental Rights Case Over LGBT Readings
Kerry’s Climate Czar Office Abolished
25 Apr 2025 Leave a comment
in economics of climate change, energy economics, environmental economics, environmentalism, global warming, politics - USA Tags: 2024 presidential election
Thomas Catenacci reports at Washington Free Beacon: Trump Admin Axes Biden-Era Climate Office John Kerry Used To Assault Fossil Fuels. Excerpts in italics with my bolds and added images. State Department official says climate office was ‘captured by ideology’ The State Department is formally removing the Office of the Special Presidential Envoy for Climate, the […]
Kerry’s Climate Czar Office Abolished
Pandemic Preparation Without Romance
25 Apr 2025 Leave a comment
in applied price theory, applied welfare economics, comparative institutional analysis, economics of bureaucracy, economics of regulation, health economics, politics - USA, Public Choice Tags: economics of pandemics
My latest paper, Pandemic Preparation Without Romance, has just appeared at Public Choice. Abstract: The COVID-19 pandemic, despite its unprecedented scale, mirrored previous disasters in its predictable missteps in preparedness and response. Rather than blaming individual actors or assuming better leadership would have prevented disaster, I examine how standard political incentives—myopic voters, bureaucratic gridlock, and […]
Pandemic Preparation Without Romance
Crimson Chide: Harvard Makes the Case Against Itself
24 Apr 2025 Leave a comment
in economics of education, liberalism, Marxist economics, politics - USA Tags: free speech, political correctness, regressive left
Below is my column in The Hill on Harvard faculty organizing in opposition to the Trump Administration’s measures targeting the university for failure to protect Jewish students and its lack of diversity of viewpoints on campus. Despite being a vocal critic of Harvard’s culture of orthodoxy, I have encouraged the Administration to moderate some of […]
Crimson Chide: Harvard Makes the Case Against Itself
Long-Run Effects of Trade Wars
24 Apr 2025 Leave a comment
in applied price theory, applied welfare economics, comparative institutional analysis, development economics, econometerics, history of economic thought, industrial organisation, labour economics, labour supply, politics - USA, unemployment Tags: 2024 presidential election, free trade, tariffs, unintended consequences
This short note shows that accounting for capital adjustment is critical when analyzing the long-run effects of trade wars on real wages and consumption. The reason is that trade wars increase the relative price between investment goods and labor by taxing imported investment goods and their inputs. This price shift depresses capital demand, shrinks the […]
Long-Run Effects of Trade Wars
My debate with Dani Rodrik about tariffs and free trade
22 Apr 2025 Leave a comment
in applied price theory, applied welfare economics, comparative institutional analysis, development economics, economic history, history of economic thought, industrial organisation, international economic law, international economics, labour economics, politics - USA, unemployment Tags: 2024 presidential election, free trade, tariffs
This occurred in Knoxville, you can watch it here. Lots of fun, and p.s. I am more of a free trader than he is. We did have some disagreements.
My debate with Dani Rodrik about tariffs and free trade
Utopia, you are standing in it! 
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