Here’s the second of Bill Maher’s “New Rules” segments that I haven’t posted. The YouTube caption is “New Rule: Before they can take on Donald Trump, Democrats have to decide which wing of their own party is best to lead them out of the wilderness.” Well, the segment doesn’t even really tackle that question. It […]
Bill Maher: New Rules 2
Bill Maher: New Rules 2
14 May 2025 Leave a comment
in politics - USA, television, TV shows Tags: 2024 presidential election
Supply is elastic, installment #6437
14 May 2025 Leave a comment
in applied price theory, entrepreneurship, health economics, industrial organisation, politics - USA, Public Choice, rentseeking Tags: price controls
Numerous empirical studies show a relationship between a drug’s expected market size and the magnitude of research and development investments. Early studies focused on changes to market size resulting from the demographics of disease burden (Acemoglu and Linn 2004) and policy changes influencing market demand (Finkelstein 2004). These findings have largely been confirmed by more […]
Supply is elastic, installment #6437
Oregon Law Professor Accuses Oregon Law Review of Anti-Israeli Discrimination
14 May 2025 Leave a comment
in defence economics, discrimination, economics of education, politics - USA, war and peace Tags: free speech, Gaza Strip, Israel, Middle-East politics, political correctness, regressive left
The University of Oregon has long faced controversies over the alleged political bias on its campuses, including celebrating the career of a professor who physically attacked pro-life students as a model of activism. It has been criticized for monitoring off-campus speech and unconstitutionally censoring dissenting faculty. Now, Law Professor Ofer Raban is accusing the Law […]
Oregon Law Professor Accuses Oregon Law Review of Anti-Israeli Discrimination
What’s a New Drug Worth?
13 May 2025 Leave a comment
in applied price theory, health economics, politics - USA
In a a juxtaposition of events that redefines the meaning of “coincidence,” President Trump announced a new policy for prescription drug pricing this morning, and the the Spring 2025 issue of the Journal of Economic Perspectives, released three days ago on Friday morning, begins with a four-paper symposium on drug pricing. (Full disclosure: I work…
What’s a New Drug Worth?
New Rule: The Not-Working Class | Real Time with Bill Maher (HBO)
13 May 2025 Leave a comment
in labour economics, labour supply, politics - USA, television, TV shows, unemployment
“A Circus-Like Atmosphere”: Nessel Drops Charges Against University of Michigan Anti-Israel Protesters
12 May 2025 Leave a comment
in economics of crime, law and economics, politics - USA
Roughly a year ago, Michigan Attorney General Dana Nessel made a splash in the press after she brought charges against anti-Israel protesters at the University of Michigan. The move followed a refusal of liberal local district attorneys to prosecute the cases despite clear criminal conduct. Now, as violent and disruptive protests are again rising on […]
“A Circus-Like Atmosphere”: Nessel Drops Charges Against University of Michigan Anti-Israel Protesters
“An Act of Solidarity”: Sotomayor Calls for Lawyers to “Fight this Fight” in Controversial Speech
11 May 2025 Leave a comment
in politics - USA Tags: constitutional law
Justice Sonia Sotomayor has previously been criticized for making public comments that some viewed as overly political or partisan, including telling law students to organize in favor of abortion rights. This week, the Justice has triggered another controversy in calling for lawyers to “fight this fight,” presumably against the Trump Administration.
“An Act of Solidarity”: Sotomayor Calls for Lawyers to “Fight this Fight” in Controversial Speech
Why Is the US Economy Surging Ahead of the UK?
09 May 2025 1 Comment
in applied price theory, economic growth, macroeconomics, politics - USA, technological progress Tags: British politics
The US economy has emerged from the pandemic growing at a faster pace than the UK and other high-income countries. Simon Pittaway tackles the question of why in “Yanked away: Accounting for the post-pandemic productivity divergence between Britain and America” (Resolution Foundation, April 2025). The average standard of living in any economy, over time, will…
Why Is the US Economy Surging Ahead of the UK?
Turley Testifies on Over-Criminalization Before the House Judiciary Committee
08 May 2025 Leave a comment
in economics of crime, law and economics, politics - USA Tags: crime and punishment, law and order
Today, I will be testifying on the over-criminalization of federal law before the Subcommittee on Crime and Federal Government Surveillance Committee on the Judiciary. The testimony (linked below) is part of a hearing titled “Criminalizing America: The Growth of Federal Offenses and Regulatory Overreach.”
Turley Testifies on Over-Criminalization Before the House Judiciary Committee
Tabarrok on the Movie Tariff
07 May 2025 1 Comment
in applied price theory, international economics, movies, politics - USA, Public Choice, rentseeking Tags: 2024 presidential election, free trade, tariffs
The Hollywood Reporter has a good piece on Trump’s proposed movie tariffs: Even if such a tariff were legal — and there is some debate about whether Trump has the authority to impose such levies — industry experts are baffled as to how, in practice, a “movie tariff” would work. “What exactly does he want […]
Tabarrok on the Movie Tariff
The best tariff threat is one you do not have to use
06 May 2025 1 Comment
in applied price theory, international economics, politics - USA Tags: 2024 presidential election, free trade, game theory, tariffs
Following up on an earlier post, Reciprocal tariffs as a tit-for-tat strategy in a repeated prisoners’ dilemma From NY Times:Trump imposed, quickly withdrew and then threatened to bring back huge tariffs on dozens of countries. Immediately, they began calling and asking what they could do to stop him. “More than 100 countries have already come to…
The best tariff threat is one you do not have to use
Squatter Syndrome: How the Inefficiencies of Our Legal System Are Making a Mockery of Our Immigration Laws
06 May 2025 Leave a comment
in Economics of international refugee law, International law, labour economics, labour supply, law and economics, politics - USA Tags: economics of immigration
It was once said that possession is nine-tenths of the law, an acknowledgement that the possessor of property generally has the advantage in keeping it. This principle has been taken to absurd extremes in some squatter cases, where people invade homes and then demand the right to stay pending long legal challenges. Today, under both […]
Squatter Syndrome: How the Inefficiencies of Our Legal System Are Making a Mockery of Our Immigration Laws
New Rule: Flirting with Fascism | Real Time with Bill Maher (HBO)
06 May 2025 Leave a comment
in politics - USA, television, TV shows Tags: 2020 presidential election, 2024 presidential election
The price of “free” healthcare is the wait
06 May 2025 Leave a comment
in applied price theory, economic history, health economics, politics - USA Tags: Canada, health insurance
While healthcare in Canada’s single-payer health care system is technically free, its real price is measured in wait times. In 2023, the median wait time from a general practitioner’s referral to treatment reached 27.7 weeks—the longest ever and nearly triple the 9.3 weeks reported in 1993. (MuskegonPundit) To see this, think of “free” as…
The price of “free” healthcare is the wait
Trump proposes 100% tariff on movies shot outside the United States
05 May 2025 1 Comment
in industrial organisation, international economics, movies, politics - USA Tags: 2024 presidential election
Here is one link. Of course the proposal is not easy to understand. If it is a Jason Bourne movie, do they add up the number of scenes shot abroad and consider those as a percentage of the entire movie? Does one scene shot abroad invoke the entire tariff? o3 guesstimates that about half of […]
Trump proposes 100% tariff on movies shot outside the United States
Utopia, you are standing in it! 
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