#climateemergency @AOC @SenSanders @jeremycorbyn @SenWarren @Greenpeace @oxfamnz @Greens @NZGreens @AmnestyNZ
20 Dec 2019 Leave a comment
in development economics, discrimination, economic history, economics of crime, economics of natural disasters, energy economics, environmental economics, gender, global warming, growth miracles, health economics, international economics, labour economics, law and economics, politics - Australia, politics - New Zealand, politics - USA, property rights, Public Choice, public economics, rentseeking Tags: The Great Enrichment
Why didn’t Canada have a Banking Crisis?
19 Dec 2019 Leave a comment
The structure and performance of financial systems is path dependent. The relative stability of the Canadian banks in the recent crisis compared to the United States, where the recent crisis originated in the shadow banking system and spread to the universal banks, in our view reflected the original institutional foundations laid in place in the early 19th century in the two countries. The Canadian concentrated banking system that had evolved by the end of the twentieth century had absorbed the key sources of systemic risk—the mortgage market and investment banking—and was tightly regulated by one overarching regulator. In contrast the relatively weak and fragmented U.S. banking system that had evolved since the early nineteenth century, led to the rise of securities markets, investment banks and money market mutual funds combined with multiple competing regulatory authorities. The consequence was that the systemic risk that led to the crisis of…
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New Zealand leads the world
19 Dec 2019 Leave a comment
in politics - New Zealand, urban economics Tags: housing affordability
Caste barriers still play a big role in India’s economic choices
19 Dec 2019 Leave a comment
Nice piece as always by Niranjan.
The lively office book club will later this month discuss a searing essay by B.R. Ambedkar. That gave me a welcome reason to once again read Annihilation Of Caste, which was published after a scheduled speech by Ambedkar in Lahore was cancelled by the organizers of a conference on social reforms because, in Ambedkar’s own words, “the views expressed in the speech would be unbearable to the conference”. The essay brims with insights, which is the default status for almost everything Ambedkar wrote. Each reading of Annihilation Of Caste leaves the reader with something new to think about.
One part of the essay that never fails to resonate with me is this: “[The] Caste System is not merely division of labour. It is also a division of labourers. Civilized society undoubtedly needs division of labour. But in no civilized society is division of labour…
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When It’s Politically Beneficial, Democrats Support Huge Tax Breaks for the Rich
19 Dec 2019 Leave a comment
Crazy Bernie and Pocahontas want to introduce all these great big new taxes on the rich but at the same time the Democratic -controlled house passes a bill reintroducing income tax deductions at the federal level for state income taxes for the rich
Based on rhetoric, the Democratic Party is committed to a class-warfare agenda.
They want higher income tax rates, higher capital gains taxes, higher Social Security taxes, higher death taxes, a new wealth tax, and many other tax hikes that target upper-income taxpayers.
There are various reasons why they push for these class-warfare tax hikes.
- They want more revenue to finance bigger government.
- They think it’s politically advantageous to create social discord.
- They are envious and resentful of successful people.
I don’t pretend to know which factor dominates.
But that’s not important because I want to make a different point. Notwithstanding all their rhetoric, Democrats are sometimes willing to shower rich people with tax breaks.
The Wall Street Journalexposes the left’s hypocrisy in the fight over the deduction for state and local taxes.
Democrats have…grown more concentrated in the richest parts of the country…
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@RossMcKitrick on Why Climate Change Alarmists Ignore Facts, Logic, Data
19 Dec 2019 Leave a comment
in econometerics, economic history, energy economics, environmental economics, global warming, Public Choice Tags: climate alarmists
Marianne Bertrand on the gender earnings gap puzzle
19 Dec 2019 Leave a comment
in discrimination, economics of education, gender, human capital, labour economics, labour supply, occupational choice Tags: gender wage gap
Maori, past and present, on the indigenous language wage premium
19 Dec 2019 Leave a comment
in economic history, economics of education, human capital, labour economics, labour supply, politics - New Zealand, poverty and inequality, Public Choice Tags: economics of languages, Maori economic development, network goods
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