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
Liberals looking comfortable in Canada
26 Apr 2025 Leave a comment
in politics - USA Tags: 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
The test of time
22 Apr 2025 Leave a comment
in economics of climate change, economics of natural disasters, energy economics, environmental economics, environmentalism, global warming, liberalism, Marxist economics, politics - USA Tags: climate alarmism
From Refineries to Fiefdoms: Is Newsom Orchestrating a State Takeover of California’s Oil Industry?
22 Apr 2025 Leave a comment
in economics of bureaucracy, economics of climate change, economics of regulation, energy economics, environmental economics, environmentalism, global warming, industrial organisation, law and economics, liberalism, Marxist economics, politics - USA, property rights, Public Choice, survivor principle Tags: California, climate activists, regressive left
California’s refining capacity is collapsing—not because demand has disappeared, but because it is being deliberately dismantled by regulatory fiat. The recent announcement that Valero Energy will idle or shutter its Benicia refinery by 2026 isn’t just a business decision. It’s the calculated result of a hostile policy environment designed to punish traditional energy producers until they either leave the state or fall into government hands.
From Refineries to Fiefdoms: Is Newsom Orchestrating a State Takeover of California’s Oil Industry?
Time to Axe the Climate-Industrial Complex
22 Apr 2025 1 Comment
in economics of climate change, economics of regulation, energy economics, environmental economics, environmentalism, global warming, politics - USA Tags: climate alarmism
Kevin Mooney makes the urgency case in his Real Clear Energy article Celebrating American Independence With an All-Out Assault on Anti-Constitutional Climate Measures. Excerpts in italics with my bolds and added images. Now is the time to double down against the “Climate-Industrial Complex” with accelerated regulatory reforms that will hopefully endure beyond Donald Trump’s second […]
Time to Axe the Climate-Industrial Complex
“When Must We Kill Them?”: George Mason Student Captures the Growing Violent Ideation on the Left
21 Apr 2025 1 Comment
in economics of crime, law and economics, liberalism, Marxist economics, politics - USA Tags: free speech, political correctness, regressive left
There is controversy at George Mason University after Nicholas Decker, an economics PhD student published an essay asking “When Must We Kill Them?” in reference to Trump and his supporters. The essay captures the growing violent ideation on the left, fueled by rage rhetoric from politicians and commentators. The danger is that, for some on […]
“When Must We Kill Them?”: George Mason Student Captures the Growing Violent Ideation on the Left
Ronald Reagan in 1982 on Free Trade
20 Apr 2025 Leave a comment
in applied price theory, economic history, history of economic thought, industrial organisation, international economic law, international economics, liberalism, libertarianism, politics - USA, Public Choice, rentseeking Tags: free trade, tariffs
TweetWhen President Ronald Reagan delivered this address in November 1982, I was a 24-year-old graduate student. Radically libertarian at that point for almost six years, I was sufficiently astute enough to know that Reagan wasn’t terrible on most of the issues that I cared about, but I was nevertheless insufficiently mature and astute enough to…
Ronald Reagan in 1982 on Free Trade
The Supreme Court Halts Venezuelan Deportations as the Fourth Circuit Upholds Garcia Order
20 Apr 2025 Leave a comment
in labour economics, labour supply, law and economics, politics - USA Tags: economics of immigration
It has been a busy 24 hours in the courts. Early this morning, the Supreme Court blocked (for now) the deportations of any Venezuelans held in northern Texas under the Alien Enemies Act, a law only used three times before in our history. At the same time, the United States Court of Appeals for the […]
The Supreme Court Halts Venezuelan Deportations as the Fourth Circuit Upholds Garcia Order
Victor Davis Hanson Should Stick to the Classics
18 Apr 2025 Leave a comment
in applied price theory, comparative institutional analysis, economic history, history of economic thought, industrial organisation, international economics, politics - USA Tags: 2024 presidential election, free trade, tarrifs
TweetHere’s a letter to The Daily Signal. Editor: Suppose I submitted to you an essay in which Thucydides is described as a first-century Roman senator who wrote a biography of Charlemagne – would you publish it? Of course not. The ignorance of such an essay would be palpable. But I would never write such a…
Victor Davis Hanson Should Stick to the Classics
Car Leasing Association Wants Govt Support As EV Second Hand Prices Plummet!
18 Apr 2025 Leave a comment
in economics of climate change, energy economics, entrepreneurship, environmental economics, environmentalism, global warming, industrial organisation, politics - USA, survivor principle Tags: electric cars
Leasing companies have gambled that second hand values for EVs would be as strong as for conventional cars. It is a gamble that could cost them billions.
Car Leasing Association Wants Govt Support As EV Second Hand Prices Plummet!
Utopia, you are standing in it! 
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