No one knew?!
09 Jan 2020 Leave a comment
in applied price theory, comparative institutional analysis, constitutional political economy, development economics, economic history, growth disasters, Public Choice, public economics Tags: taxation and entrepreneurship, taxation and investment, taxation and labour supply, The fatal conceit
Dipole Down Under
09 Jan 2020 2 Comments
Vijay Jayaraj explains how weather is created around the Indian Ocean in this article Record Heat and Cold Expose Climate Alarmists’ Bias. Excerpts in italics with my bolds and images.
Australia was literally on fire in December. Record heat made headlines in global media. So did the extreme rainfall in east Africa.
You and everybody else on earth can guess what climate alarmists blamed for both: man-made global warming, a.k.a. climate change.
But record cold in northern India at the same time didn’t make headlines in any major media in the United States or the United Kingdom.
Why? Because it didn’t fit expectations.
It’s a perfect example of climate alarmists’ obvious bias that’s seldom brought to light.
In December, east Africa received extremely heavy rainfall, causing widespread floods in Kenya and Djibouti. The floods impacted more than one million people and killed scores already challenged by extreme poverty.
View original post 517 more words
Despite the violence inherent in capitalist system, illiteracy & addiction, crims stop reoffending bigtime if it suits them @sst_nz @NZJusticeIdeas @JustSpeakNZ
09 Jan 2020 Leave a comment
in economics of crime, gender, health economics, labour economics, labour supply, law and economics, occupational choice, politics - Australia, politics - New Zealand, politics - USA, poverty and inequality Tags: crime and punishment, criminal deterrence, economics of fertility, law and order
Coordinated Work Schedules and the Gender Wage Gap @women_nz
09 Jan 2020 Leave a comment
in applied price theory, discrimination, econometerics, economics of education, gender, human capital, labour economics, labour supply, occupational choice Tags: gender wage gap
Times are getting better despite what the woke say
09 Jan 2020 Leave a comment
in economics of crime, law and economics, liberalism, politics - USA Tags: gay rights
Rent Control Does Not Make Housing More Affordable
09 Jan 2020 Leave a comment
in applied price theory, applied welfare economics, economics of bureaucracy, economics of education, income redistribution, industrial organisation, law and economics, politics - New Zealand, politics - USA, property rights, Public Choice, rentseeking, urban economics Tags: offsetting behaviour, rent control, The fatal conceit, unintended consequences
1 The Movie is surprisingly good
09 Jan 2020 Leave a comment
in health and safety, labour economics, labour supply, law and economics, managerial economics, movies, occupational choice, organisational economics, personnel economics, theory of the firm Tags: road safety
Why Sweden ended its negative interest rate experiments
09 Jan 2020 Leave a comment
Sweden ended its negative rate policy recently. Bernanke recently spoke on how consequences of negative interest rates have not been that bad.
Daniel Lacalle gives an Austrian school perspective:
Negative rates are a huge transfer of wealth from savers and real wages to the government and the indebted. A tax on caution. They are the destruction of the perception of risk that always benefits the most reckless. The bailout of the inefficient.
Central banks ignore the effects of demography, technology, and competition on inflation and the growth of consumption, credit, and investment, and with the wrong policies they generate new bubbles that become more dangerous than the previous ones. The next bubble will again increase the fiscal imbalances of the countries. When central banks present themselves as the agents that will reverse the effect of technology and demographics, they will be creating a greater risk and bubble.
View original post 223 more words
A simple explanation of money
08 Jan 2020 Leave a comment
in applied price theory, economic history, financial economics, macroeconomics, monetary economics, property rights Tags: theory of money
TIM FLANNERY’S Bizarre Globalist Rant
08 Jan 2020 Leave a comment
PROFESSIONAL climate alarmist, Tim Flannery was head of Australia’s Climate Commission. For his $180,000, three day, part-time working week, he made decisions that affected billions of dollars of Australian taxpayers money.
A MUST WATCH! And, ask yourself one question while viewing: Would you want this freak show in charge of your hard-earned? …
See more Flannery :
Do we need a written constitution?
08 Jan 2020 Leave a comment
Prior to the general election, several of the parties’ manifestos called for the creation of a codified constitution for the UK. In December, the Constitution Unit hosted an event to debate the merits and downsides of such an exercise. Harrison Shaylor summarises the discussion.
What did the 2019 Liberal Democrat election manifesto and the Brexit Party’s ‘Contract with the People’ (from the same election) have in common? Both advocate the need for a written constitution in the UK. So too did the Green Party manifesto, and that of the Alliance Party of Northern Ireland. Meg Russell took part in a discussion on a written constitution in The Briefing Room on Radio 4 in September, and on 28 November, the Constitution Unit held its own event entitled ‘Do we need a written constitution?’. Two distinguished law professors – Sionaidh Douglas-Scott of Queen Mary University of London…
View original post 1,710 more words
New paper : Technological Diffusion News
08 Jan 2020 Leave a comment
I posted on my “current work” page a new paper “Technological Diffusion News, A comment on “Whither News Shocks?” by Barsky, Basu & Lee” It is forthcoming in the NBER Macroeconomics Annual 2014, Volume 29
As written in the abstract,
Barsky, Basu, and Lee [2014] are proposing to identify a technological news shock as the innovation in the expectation of TFP at a fixed horizon in the future that does not affect TFP on impact. In response to this shock, consumption typically rises following good news, but investment, consumer durables purchases and hours worked typically fall on impact. Noticing that this shock indeed moves TFP after one period, I propose ways to identify a technological diffusion news. By diffusion news, I mean that TFP is not affected in the short to medium run but permanently increases. In response to such a shock, the economy does display an aggregate boom…
View original post 20 more words
Recent Comments