The case is straightforward: Google pays firms like Apple billions of dollars to make its search engine the default. (N.B. I would rephrase this as Apple charges Google billions of dollars to make its search engine the default–a phrasing which matters if you want to understand what is really going on. But set that aside […]
Some Simple Economics of the Google Antitrust Case
Some Simple Economics of the Google Antitrust Case
17 Dec 2024 1 Comment
in applied price theory, economics of information, entrepreneurship, industrial organisation, law and economics, politics - USA, Public Choice, survivor principle, theory of the firm Tags: competition law
Now In A New Wrapping
17 Dec 2024 Leave a comment
in environmental economics, politics - New Zealand, politics - USA Tags: recycling
Most plastic simply cannot be recycled – Greenpeace, October 24, 2022 I posted about this matter a couple of years ago, based mainly on 1996 article in, of all places, the NYT, that trashed the whole concept. The writer of that original article, John Tierney, says he got more hate mail for it than any […]
Now In A New Wrapping
Democrats now about identity, not working class
16 Dec 2024 1 Comment
in liberalism, Marxist economics, politics - USA Tags: free speech, political correctness, regressive left
This graphic from Nate Silver is fascinating. Up until 2010, Democrats were mainly seen as representing the working class, but now they are mainly seen as standing for marginalised groups and only 11% now identify them as representing the working class. This partially led to Trump winning white working class voters in 2016, and a…
Democrats now about identity, not working class
New Study: Achieving A ‘Net Zero’ Emissions Policy Would Have A ‘Negligible’ 0.28°C Climate Effect
14 Dec 2024 1 Comment
in applied price theory, applied welfare economics, development economics, economics of climate change, energy economics, environmental economics, environmentalism, global warming, growth miracles, politics - Australia, politics - New Zealand, politics - USA
Cost-benefit analyses affirm it would be better to abandon Net Zero policy initiatives and instead “do nothing” about greenhouse gas emissions. New research finds CO2’s largest possible climate impact is “negligible.” The cumulative expected temperature change in doubling CO2 from 400 to 800 ppm is only 0.81°C at most, and this is “certainly not cause…
New Study: Achieving A ‘Net Zero’ Emissions Policy Would Have A ‘Negligible’ 0.28°C Climate Effect
Warren’s “Warning”: Democratic Senator Explains Thompson was Murdered Because “You Can Only Push People So Far.”
13 Dec 2024 Leave a comment
in economics of crime, law and economics, politics - USA Tags: crime and punishment, criminal deterrence, law and order
Sen. Elizabeth Warren, D-Mass., is under fire for her statement to Joy Reid on MSNBC explaining why Luigi Mangione allegedly murdered UnitedHealthcare CEO Brian Thompson. Warren explained that this was a “warning ” that “you can only push people so far.” After a public outcry, Warren walked back her statement. Yet, the statement captures the […]
Warren’s “Warning”: Democratic Senator Explains Thompson was Murdered Because “You Can Only Push People So Far.”
Greene Case Could Trigger New Georgia Law on Swatting
13 Dec 2024 Leave a comment
in economics of crime, law and economics, politics - USA Tags: crime and punishment, criminal deterrence, law and order
On Monday, Rep. Marjorie Taylor Greene, R-Ga., was again the victim of a swatting call at her north Georgia home. This call, however, had a lethal difference: an officer was involved in a crash in rushing to the scene to join the bomb squad. A woman was killed. The incident will trigger a new Georgia […]
Greene Case Could Trigger New Georgia Law on Swatting
“This is Not the Time for Balance”: LA Times Columnist Resigns in Protest . . . Over Balanced Commentary
13 Dec 2024 Leave a comment
in entrepreneurship, financial economics, industrial organisation, law and economics, politics - USA, property rights, survivor principle Tags: media bias
When now President-Elect Donald Trump was convicted, the thrill-kill atmosphere around the courthouse and the country was explosive, but no one was more ecstatic than liberal columnist and former prosecutor Harry Litman. The then L.A. Times columnist told MSNBC’s Nicolle Wallace that it was a “majestic day” and “a day to celebrate.” A lawfare advocate, […]
“This is Not the Time for Balance”: LA Times Columnist Resigns in Protest . . . Over Balanced Commentary
Reality Forces Reason into Power Choices
09 Dec 2024 2 Comments
in energy economics, entrepreneurship, industrial organisation, politics - USA Tags: nuclear energy, solar power, wind power
Amazon executives realized their very profitable data centers would fail if they kept posturing with renewable energy.
Reality Forces Reason into Power Choices
The Naughty List: Former Obama Aides and Liberal Influencers Sell Antifa Line of Holiday Gifts
07 Dec 2024 Leave a comment
in economics of crime, law and economics, Marxist economics, politics - USA Tags: crime and punishment, law and order
It appears no liberal Christmas is complete without the ultimate stocking stuffer: an actual stocking to wear over your face while rioting. While not yet selling face coverings for anonymous violence, Crooked Media, co-founded by former Obama staffers Jon Favreau, Jon Lovett, and Tommy Vietor, is reportedly selling a line of Antifa items for liberals […]
The Naughty List: Former Obama Aides and Liberal Influencers Sell Antifa Line of Holiday Gifts
Take Two Puberty Blockers and Call Me in the Morning? Justice Sotomayor Under Fire For Aspirin Analogy in Oral Argument
06 Dec 2024 Leave a comment
in discrimination, gender, law and economics, liberalism, Marxist economics, politics - USA Tags: free speech, political correctness, regressive left, sex discrimination
Supreme Court Justice Sonia Sotomayor is under fire today for seemingly dismissing medical concerns over the risks of puberty blockers and gender surgeries for minors with a comparison to taking Aspirin. In the oral arguments in United States v. Skrmetti, Sotomayor pointed out that there are risks to any medical procedure or drug. However, the […]
Take Two Puberty Blockers and Call Me in the Morning? Justice Sotomayor Under Fire For Aspirin Analogy in Oral Argument
The end of oil?
05 Dec 2024 Leave a comment
in applied price theory, econometerics, economics of climate change, energy economics, environmental economics, environmentalism, global warming, law and economics, politics - USA, property rights, Public Choice, rentseeking, resource economics Tags: peak oil
It is now plausible to envision scenarios in which global demand for crude oil falls to essentially zero by the end of this century, driven by improvements in clean energy technologies, adoption of stringent climate policies, or both. This paper asks what such a demand decline, when anticipated, might mean for global oil supply. One […]
The end of oil?
The Missing Myths
04 Dec 2024 Leave a comment
in applied price theory, comparative institutional analysis, constitutional political economy, discrimination, economic history, economics of climate change, economics of information, economics of media and culture, economics of regulation, energy economics, entrepreneurship, environmental economics, environmentalism, financial economics, gender, global warming, health economics, human capital, income redistribution, labour economics, labour supply, law and economics, liberalism, libertarianism, Marxist economics, occupational choice, politics - USA, poverty and inequality, property rights, Public Choice, rentseeking Tags: Age of Enlightenment, crime and punishment, criminal deterrence, free speech, gender wage gap, law and order, political correctness, racial discrimination, regressive left, sex discrimination
Michael Huemer’s Progressive Myths is the best book on wokeness. One of its many strengths is its focus on basic facts. As the author explains:I have selected beliefs that can be debunked fairly quickly and forcefully. Many other progressive beliefs require long argumentation and subjective judgment calls to assess. About these more difficult issues, I…
The Missing Myths
Paul Krugman Is Right…albeit Selectively and Hypocritically
04 Dec 2024 Leave a comment
in applied price theory, comparative institutional analysis, economic history, economics of bureaucracy, economics of regulation, entrepreneurship, income redistribution, industrial organisation, international economics, law and economics, politics - USA, property rights, Public Choice, public economics, rentseeking Tags: tarrifs
I like profits. But let me qualify that statement. I like profits that are the result of businesses providing goods and services that consumers value. Those profits are earned. By contrast, I don’t like it when businesses get in bed with government and get money via cronyism, bailouts, subsidies, protectionism, or industrial policy. Those profits […]
Paul Krugman Is Right…albeit Selectively and Hypocritically
Massachusetts has occupational licensing for fortune tellers
30 Nov 2024 Leave a comment
in economics of information, economics of regulation, human capital, industrial organisation, labour economics, labour supply, law and economics, occupational choice, occupational regulation, politics - USA, property rights, Public Choice, rentseeking Tags: cranks
Here is the link, “Prohibits fraudulently taking money by “pretended fortune telling.”” Seen referenced somewhere on Twitter.
Massachusetts has occupational licensing for fortune tellers
Unauthorized Immigration and Local Government Finances
30 Nov 2024 Leave a comment
in applied price theory, econometerics, human capital, income redistribution, labour economics, labour supply, politics - USA, poverty and inequality, Public Choice, public economics Tags: economics of immigration
This paper examines how unauthorized immigration affects the fiscal health of local governments in the United States. Using detailed data on unauthorized immigrants’ countries of origin and arrival dates from the Syracuse TRAC database, we isolate immigration flows driven by social, economic, and political conditions in source countries. We predict local immigration patterns using a […]
Unauthorized Immigration and Local Government Finances
Utopia, you are standing in it! 
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