Here is Daron Acemoglu’s Project Syndicate piece, mostly critical on high-skilled immigration. Here is the first argument from Acemoglu: …one would expect corporate America’s growing need for skilled STEM workers to translate into advocacy for, and investments in, STEM education. But an overreliance on the H-1B program may have broken this link and made American […]
The Acemoglu arguments against high-skilled immigration
The Acemoglu arguments against high-skilled immigration
13 Jan 2025 Leave a comment
in applied price theory, economics of education, entrepreneurship, human capital, international economics, labour economics, labour supply, occupational choice, politics - USA, poverty and inequality Tags: economics of immigration
Climate Crisis Policies Destructive to Los Angles Area Environment and Harmful to Wildlife
13 Jan 2025 Leave a comment
in economics of climate change, economics of natural disasters, economics of regulation, environmental economics, environmentalism, global warming, politics - USA Tags: climate alarmism
When Americans supported the Endangered Species Act, these were some of the species they had in mind…not bait fish.
Climate Crisis Policies Destructive to Los Angles Area Environment and Harmful to Wildlife
Many supporters of sensible climate science policies have gone into great depth about the realities of climate change because of these fires. However, this is the first time I recall “climate crisis’ propaganda posts being so heavily ratioed.
Noah Smith on L.A: fire lessons
13 Jan 2025 Leave a comment
in applied price theory, economics of bureaucracy, economics of natural disasters, environmental economics, environmentalism, income redistribution, law and economics, politics - USA, property rights, Public Choice, rentseeking, urban economics Tags: unintended consequences
The best piece I have seen so far, here is one bit: Basically, the lessons I take away from the horrific L.A. fires are: The insurance industry as we know it is in big trouble. Climate change is making wildfires worse, but there’s not much we can do about that right now. Forest management needs […]
Noah Smith on L.A: fire lessons
Is ESG investing illegal? In TX it is.
13 Jan 2025 Leave a comment
in financial economics, politics - USA Tags: efficient markets hypothesis, regressive left
Breaking: …US District Judge Reed O’Connor found that the airline breached its fiduciary duty … by prioritizing ESG considerations over the financial interests of participants. … The court criticized American Airlines for allowing its asset manager, BlackRock, to advance goals unrelated to maximizing returns for plan participants. “ERISA does not permit a fiduciary to pursue…
Is ESG investing illegal? In TX it is.
‘A Huge Win’: Woke ‘Cartel’ Of Financial Giants Dealt Death Blow 11 Days Before Trump Takes Office
13 Jan 2025 Leave a comment
in applied price theory, economics of climate change, energy economics, entrepreneurship, environmental economics, environmentalism, financial economics, global warming, politics - USA, Public Choice, rentseeking Tags: efficient markets hypothesis
“The news of BlackRock’s departure from NZAM should be music to the ears of every American consumer,” Will Hild, executive director of conservative nonprofit Consumers’ Research, told the Daily Caller News Foundation. “NZAM is an illegitimate cartel of asset managers pushing harmful and costly net zero policies across the entire economy. The activities of NZAM and its members raise prices on Americans everywhere from the gas pump to the grocery store.”
‘A Huge Win’: Woke ‘Cartel’ Of Financial Giants Dealt Death Blow 11 Days Before Trump Takes Office
Woodrow Wilson’s Fourteen Points I THE GREAT WAR WEEK 181
12 Jan 2025 Leave a comment
in defence economics, International law, laws of war, politics - USA, war and peace Tags: World War I
The Interests of the U.S. and the Honolulu Climate Case Before the U.S. Supreme Court
12 Jan 2025 1 Comment
in economics of climate change, energy economics, environmental economics, environmentalism, global warming, law and economics, politics - USA, property rights Tags: climate alarmism, federalism
The Supreme Court should grant certiorari on this case. There is a clear conflict between several federal court rulings, specifically and most clearly the Second Circuit’s dismissal of New York City’s virtually identical lawsuit in 2021and the ruling by the Hawaii Supreme Court. Both court rulings reveal a conflict on the issue of whether federal law precludes claims brought under state law and whether a given state may apply its laws to address purported injuries caused by emissions from another state. Moreover, the Hawaii Supreme Court decision clearly is incorrect: Interstate emissions, international emissions, and negotiations with foreign governments inherently are issues for the federal government to address.
The Interests of the U.S. and the Honolulu Climate Case Before the U.S. Supreme Court
With the Trump Sentencing, the Verdict is in . . . for the New York Legal System
11 Jan 2025 Leave a comment
in economics of crime, law and economics, politics - USA Tags: 2024 presidential election
Below is my column at Fox.com on the sentencing of President-Elect Donald Trump. The conviction should be overturned on appeal. However, the most lasting judgment will be against the New York court system itself in allowing this travesty of justice to occur. Here is the column:
With the Trump Sentencing, the Verdict is in . . . for the New York Legal System
Price controls destroy wealth: California Fire Insurance
11 Jan 2025 Leave a comment
in economics of natural disasters, economics of regulation, environmentalism, financial economics, income redistribution, law and economics, politics - USA, property rights, Public Choice, regulation, rentseeking, urban economics Tags: price controls
Noah Smith via Marginal Revolution, and Kim Mai Cutler. The CA insurance regulator is elected, and is reluctant to allow higher rates for fire insurance, despite the big risks, lest she be voted out of office. As a consequence, expected profits are low, so a majority of top insurers have stopped issuing fire insurance in CA.…
Price controls destroy wealth: California Fire Insurance
Left-Wing Economists Were Wildly Wrong about Javier Milei and his Libertarian Agenda for Argentina
10 Jan 2025 Leave a comment
in applied price theory, Austrian economics, budget deficits, business cycles, comparative institutional analysis, constitutional political economy, development economics, economic growth, economics of regulation, financial economics, fiscal policy, growth disasters, growth miracles, history of economic thought, income redistribution, international economics, labour economics, law and economics, liberalism, libertarianism, macroeconomics, Marxist economics, monetarism, monetary economics, political change, politics - USA, property rights, Public Choice, public economics, rentseeking, unemployment Tags: Argentina
It’s easy to mock economists. Consider the supposedly prestigious left-leaning academics who asserted in 2021 that Biden’s agenda was not inflationary. At the risk of understatement, they wound up with egg on their faces.* Today, we’re going to look at another example of leftist economists making fools of themselves. It involves Argentina, where President Javier […]
Left-Wing Economists Were Wildly Wrong about Javier Milei and his Libertarian Agenda for Argentina
California Tipping Point
10 Jan 2025 Leave a comment
in energy economics, environmental economics, global warming, politics - USA Tags: 2024 presidential election, climate alarmism
Faced with the election of Donald Trump to a second term, soaring inequality, and a decline in support from the state’s non-white majority, California’s Democratic leaders have begun asking hard questions about the state’s vaunted climate policies.
California Tipping Point
Musk vs Farage
10 Jan 2025 Leave a comment
in economics of crime, law and economics, politics - USA Tags: British politics
The BBC reports: Elon Musk has called for Nigel Farage to be replaced as leader of Reform UK, just weeks after reports the multi-billionaire was in talks to donate to the party. In a post on his social media site X, Musk said Farage “doesn’t have what it takes” to lead the party – but […]
Musk vs Farage
Claims about fires?
09 Jan 2025 Leave a comment
in applied price theory, economics of natural disasters, economics of regulation, environmental economics, environmentalism, law and economics, politics - USA, property rights, Public Choice, rentseeking
From Isaiah Taylor: In 2007 the Sierra Club successfully sued the Forest Service to prevent them from creating a Categorical Exclusion (CE) to NEPA for controlled burns (the technical term is “fuel reduction”). The CE would have allowed the forest service to conduct burns without having to perform a full EIS (the median time for […]
Claims about fires?
A peaceful transfer of power
09 Jan 2025 Leave a comment
in politics - USA Tags: 2020 presidential election, 2024 presidential election
This week the US Congress certified that Donald Trump won the Presidential election. He is now officially the President-Elect. It is worth noting what has not happened since election day. This of course is how it should be. A peaceful transfer of power is a vital part of democracy. However if the result had gone […]
A peaceful transfer of power
Meta dismantles misinformation industry
09 Jan 2025 Leave a comment
in economics of information, entrepreneurship, industrial organisation, law and economics, liberalism, politics - Australia, politics - New Zealand, politics - USA, property rights, Public Choice, survivor principle Tags: 2024 presidential election, free speech, political correctness, regressive left
Mark Zuckerberg announced: In recent years we’ve developed increasingly complex systems to manage content across our platforms, partly in response to societal and political pressure to moderate content. This approach has gone too far. As well-intentioned as many of these efforts have been, they have expanded over time to the point where we are making […]
Meta dismantles misinformation industry
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