Numerous Democrats who have helped the Biden administration restrict fossil fuel development and production are now concerned about high gas prices as the 2024 elections loom.
Dems Who Back Biden’s Crackdown on Fossil Fuels Suddenly Worried About High Gas Prices
Dems Who Back Biden’s Crackdown on Fossil Fuels Suddenly Worried About High Gas Prices
02 Jun 2024 Leave a comment
in energy economics, environmental economics, global warming, politics - USA
Bailouts Forever
02 Jun 2024 Leave a comment
in business cycles, economic history, financial economics, global financial crisis (GFC), macroeconomics, monetary economics, politics - USA Tags: deposit insurance
When interest rates rise, the price of long-term assets falls. Consequently, when the Fed began raising interest rates in 2022, the value of bonds and mortgages dropped, causing significant accounting losses for banks heavily invested in these assets. Silicon Valley Bank went bust, for example, because depositors fled upon realizing it was holding lots of […]
Bailouts Forever
Trump is Convicted: What Comes Next?
01 Jun 2024 Leave a comment
in economics of crime, law and economics, politics - USA Tags: 2016 presidential elections, 2024 presidential election
This morning, many of us are emerging from the late coverage last night after the conviction of former President Donald Trump on 34 felonies. I was in the courtroom for the verdict, which hit like a thunderclap (particularly after a strange snafu with the judge). The question that everyone is asking: what happens next?
Trump is Convicted: What Comes Next?
Updated estimates on immigration and wages
30 May 2024 Leave a comment
in applied price theory, applied welfare economics, econometerics, human capital, labour economics, labour supply, politics - USA Tags: economics of immigration
In this article we revive, extend and improve the approach used in a series of influential papers written in the 2000s to estimate how changes in the supply of immigrant workers affected natives’ wages in the US. We begin by extending the analysis to include the more recent years 2000-2022. Additionally, we introduce three important […]
Updated estimates on immigration and wages
Professor Accuses UCLA of “Torturing” Pro-Palestinian Protesters
29 May 2024 Leave a comment
in defence economics, economics of crime, economics of education, law and economics, laws of war, Marxist economics, politics - USA, property rights, war and peace Tags: free speech, Gaza Strip, Israel, Middle-East politics, political correctness, regressive left, war against terror
UCLA Professor Hannah Appel has accused the school of human rights violations amounting to “torture” in the treatment of pro-Palestinian protesters. The reason is the denial of water and food from being brought into a building being unlawfully occupied by protesters, even though the students were free to leave at any time.
Professor Accuses UCLA of “Torturing” Pro-Palestinian Protesters
The Death of Franklin Roosevelt – WW2 Documentary Special
23 May 2024 Leave a comment
in defence economics, economic history, politics - USA, war and peace Tags: World War II
Terrible poll for Biden
21 May 2024 Leave a comment
in politics - USA Tags: 2024 presidential election
The NY Times published a poll done by Sienna (top rated polling company) in six battleground states. They showed Biden behind in five of the six states by margins ranging from 2% to 14%. It’s only one set of polls, but the demographic breakdowns are what is fascinating. This is Trump’s lead over Biden in […]
Terrible poll for Biden
Biden’s Voldemortian Theory of Privilege: The President Whose Voice Must Not Be Heard
21 May 2024 Leave a comment
in economics of crime, law and economics, politics - USA Tags: 2024 presidential election
Below is my column in The Hill on the curious claim of executive privilege over the audiotape from President Joe Biden’s interview with Special Counsel Robert Hur. It is the first time that I know of where the content of a presidential conversation was treated as unprivileged but not audio of the conversation claimed as […]
Biden’s Voldemortian Theory of Privilege: The President Whose Voice Must Not Be Heard
Debunking Bad Class Warfare and Debunking Nonsensical Class Warfare
19 May 2024 Leave a comment
in applied price theory, economic history, economics of education, entrepreneurship, human capital, income redistribution, industrial organisation, labour economics, labour supply, occupational choice, politics - USA, poverty and inequality, Public Choice Tags: taxation and entrepreneurship, taxation and investment
Like Thomas Piketty, Gabriel Zucman is a French economist who promotes economically destructive class-warfare tax policy. He’s also infamous for dodgy data manipulation, as Phil Magness explains in this Reason discussion. The interview lasts for 64 minutes, and I recommend the entire discussion. Yes, that’s a lot of time, but Phil has encyclopedic knowledge and […]
Debunking Bad Class Warfare and Debunking Nonsensical Class Warfare
Sonoma State University President Suspended For Caving to Pro-Palestinian Protesters
18 May 2024 Leave a comment
in defence economics, economics of education, politics - USA, war and peace Tags: free speech, Gaza Strip, Israel, law and order, Middle-East politics, political correctness, regressive left, war against terror
Sonoma State University President Mike Lee has been suspended after sending out an email yielding to the demands of pro-Palestinian students and faculty. In a Wednesday statement, California State University Chancellor Mildred Garcia criticized Lee for “insubordination” and placed him on administrative leave. Lee had only been in the position for 20 months.
Sonoma State University President Suspended For Caving to Pro-Palestinian Protesters
Battery Arbitrage
18 May 2024 Leave a comment
in energy economics, environmental economics, global warming, politics - USA Tags: solar power
Solar is powering a large share of California’s energy needs during the day and batteries are now powering a significant share at night. NYTimes: Since 2020, California has installed more giant batteries than anywhere in the world apart from China. They can soak up excess solar power during the day and store it for use […]
Battery Arbitrage
Getting Played: The Demolition of Cohen on Cross Examination Reveals “The Grift” to a New York Jury
18 May 2024 Leave a comment
in economics of crime, law and economics, politics - USA Tags: 2016 presidential election, 2024 presidential election
Below is my column in Fox.com on the approaching end of the Trump trial in Manhattan. With the dramatic implosion of Michael Cohen on the stand on Thursday with the exposure of another alleged lie told under oath, even hosts and commentators on CNN are now criticizing the prosecution and doubting the basis for any […]
Getting Played: The Demolition of Cohen on Cross Examination Reveals “The Grift” to a New York Jury
No, President Biden Did Not Commit an Impeachable Offense in Freezing the Arms Shipment to Israel
16 May 2024 Leave a comment
in defence economics, International law, law and economics, politics - USA, war and peace Tags: 2024 presidential election, Gaza Strip, Israel, Middle-East politics, regressive left, war against terror
Below is my column in USA Today on the effort to impeach President Joe Biden over his freezing of arms shipments to Israel. While one can strongly disagree with the policy or the motivation behind the action, it is not a high crime and misdemeanor in my view. Here is the column:
No, President Biden Did Not Commit an Impeachable Offense in Freezing the Arms Shipment to Israel
Did Michael Cohen Commit Perjury in the Trump Trial?
16 May 2024 Leave a comment
in economics of crime, law and economics, politics - USA Tags: 2016 presidential election, 2024 presidential election
Below is a slightly expanded version of my column in the New York Post on the first day of cross examination for Michael Cohen. He still has one day of cross examination ahead of him on Thursday. With the government resting after Cohen’s cross examination, I believe that an honest judge would have no alternative […]
Did Michael Cohen Commit Perjury in the Trump Trial?
Unfixable: Michael Cohen Faces a Reckoning of Biblical Proportions on Cross Examination
14 May 2024 Leave a comment
in economics of crime, law and economics, politics - USA Tags: 2016 US presidential election, 2024 presidential election
Below is my column in the New York Post on the first day of the examination of Michael Cohen. He is expected to start his cross examination today. How bad will it be? After lying to Congress, courts, banks, and most everyone else, it will be bad. Years ago, Cohen threatened a journalist and told […]
Unfixable: Michael Cohen Faces a Reckoning of Biblical Proportions on Cross Examination
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