Below is my column in the New York Post on President Joe Biden’s call to reform the Supreme Court by ending lifetime tenure for Supreme Court justices. Here is the column:
Biden Abandons the Court . . . and His Last Inviolate Principle
Biden Abandons the Court . . . and His Last Inviolate Principle
31 Jul 2024 Leave a comment
in law and economics, politics - USA Tags: 2024 presidential election, constitutional law
The Minimum Wage, Rent Control, and Vacancies or Who Searches?
31 Jul 2024 Leave a comment
in applied price theory, comparative institutional analysis, econometerics, economic history, economics of regulation, income redistribution, labour economics, labour supply, law and economics, minimum wage, politics - USA, property rights, Public Choice, regulation, rentseeking, unemployment, urban economics Tags: housing affordability, regressive left, rent control
In an interesting new paper Federal Reserve economists Marianna Kudlyak, Murat Tasci and Didem Tüzemen look at what happens to job vacancy postings when the minimum wage increases. The vacancy data in our analysis come from the job openings data from the Conference Board as a part of its Help Wanted OnLine (HWOL) data series. […]
The Minimum Wage, Rent Control, and Vacancies or Who Searches?
The economics of the falling total fertility rate in New Zealand
31 Jul 2024 Leave a comment
in human capital, labour economics, labour supply, politics - New Zealand, population economics Tags: ageing society, economics of fertility
Earlier this week, I was interviewed by Paul Brennan on Reality Check Radio, on New Zealand’s declining birth rate. You can listen to the interview here. We didn’t have time to go through all of the questions I was given beforehand, so I thought I would add some points here, along with some links to…
The economics of the falling total fertility rate in New Zealand
Venezuela under “Brutal Capitalism”
31 Jul 2024 Leave a comment
in development economics, economic history, economics of bureaucracy, economics of crime, growth disasters, income redistribution, law and economics, liberalism, Marxist economics, property rights, Public Choice, rentseeking, resource economics Tags: Venezuela
Jeffrey Clemens points us to some bonkers editorializing in the NYTimes coverage of the likely stolen election in Venezuela. The piece starts out reasonably enough: Venezuela’s authoritarian leader, Nicolás Maduro, was declared the winner of the country’s tumultuous presidential election early Monday, despite enormous momentum from an opposition movement that had been convinced this was […]
Venezuela under “Brutal Capitalism”
The kittens who rebel against their mother and run to attack her, only t…
30 Jul 2024 Leave a comment
Rent Control Reduces New Development: Bug or Feature?
30 Jul 2024 Leave a comment
in applied price theory, comparative institutional analysis, income redistribution, law and economics, politics - USA, property rights, Public Choice, rentseeking, urban economics Tags: housing affordability, land supply, regressive left, rent control
The minimum wage will tend to increase unemployment among low-skill workers, often minorities. To many people that’s an argument against the minimum wage. But to progressives at the opening of the 20th century that was an argument for the minimum wage–progressive’s demanded minimum wages to get women and racial minorities out of the work force. […]
Rent Control Reduces New Development: Bug or Feature?
Thought and Details on the Fiscal Theory of the Price Level
30 Jul 2024 Leave a comment
in applied price theory, budget deficits, business cycles, economic growth, economic history, history of economic thought, labour economics, macroeconomics, monetarism, monetary economics, unemployment Tags: monetary policy
The Fiscal Theory of the Price Level has been percolating among monetary theorists for over three decades: Eric Leeper being the first to offer a formalization of the idea, with Chris Sims and Michael Woodford soon contributed to its further development. But the underlying idea that the taxation power of the state is essential for […]
Thought and Details on the Fiscal Theory of the Price Level
Karen Chhour gives her response on the Royal Commission of Inquiry into …
29 Jul 2024 Leave a comment
in economic history, economics of bureaucracy, economics of crime, law and economics, politics - New Zealand, Public Choice
US attempt to “braid” indigenous knowledge with modern science collapses and is abandoned by the National Academies
29 Jul 2024 Leave a comment
in economics of education, liberalism, Marxist economics, politics - USA Tags: conjecture and refutation, philosophy of science
Last October I posted a critique of a new National Science Foundation (NSF) initiative designed to combine indigenous knowledge with modern science—in the U.S. this time, and to the tune of $30 million. The NSF was very optimistic, as you can see from the article below in Science (click to read; see also a similar […]
US attempt to “braid” indigenous knowledge with modern science collapses and is abandoned by the National Academies
Fantasies of Clever Climate Policies
29 Jul 2024 Leave a comment
in energy economics, environmental economics, global warming, politics - Australia Tags: climate activists, climate alarmism
Chris Kenny writes at The Australian Facts at a premium in blustery climate debate. Excerpts in italics from text provided by John Ray at his blog, Greenie Watch. My bolds and added images. Collective Idiocy From Intellectual Vanity We think we are so clever. The conceit of contemporary humankind is often unbearable. Yet this modern […]
Fantasies of Clever Climate Policies
PETER WILLLIAMS: The costs of Te Mana o te Wai are worse than we thought
29 Jul 2024 Leave a comment
in economics of bureaucracy, economics of regulation, law and economics, politics - New Zealand, property rights, Public Choice, rentseeking, urban economics
Last month I wrote about the Government’s failure to repeal David Parker’s mad ‘te Mana o te Wai’ (literally meaning the mana of the water) requirements. A few days ago, the research team at the Taxpayers’ Union were sent the details on how the rules are playing it out in my local area: Otago. While…
PETER WILLLIAMS: The costs of Te Mana o te Wai are worse than we thought
So Much for wind and solar
29 Jul 2024 Leave a comment
in energy economics, environmental economics, global warming Tags: solar power, wind power
Global Greening Becomes so Obvious That Climate Alarmists Start Arguing We Need to “Save the Deserts”!
29 Jul 2024 Leave a comment
in environmental economics, global warming Tags: climate alarmism
The world is ‘greening’ at an astonishing and rapidly growing rate and deserts are shrinking almost everywhere you look.
Global Greening Becomes so Obvious That Climate Alarmists Start Arguing We Need to “Save the Deserts”!
Claudia Goldin with Kiana Scott: The Century-Long Fight to Close the Gen…
28 Jul 2024 Leave a comment
in applied price theory, discrimination, economic history, economics of education, gender, human capital, labour economics, labour supply, occupational choice, poverty and inequality Tags: gender wage gap, sex discrimination
Utopia, you are standing in it! 
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