Combat: “Kill Or Be Killed” 1943 War Department; World War II; US Army Training Film
01 Dec 2018 Leave a comment
in defence economics, war and peace Tags: World War II
A Question of Justice with Judge Richard A. Posner Hosted by Jared and Elizabeth Beck
01 Dec 2018 Leave a comment
in law and economics, Richard Posner
Palmerston vs Larry: Cat’s fur flying in Downing Street in yet another political power struggle
01 Dec 2018 Leave a comment
in cats
Woke Left will not understand this at all
30 Nov 2018 Leave a comment
in liberalism Tags: free speech
Creative destruction in retailing
30 Nov 2018 Leave a comment
in entrepreneurship Tags: creative destruction
phil magness vs. nancy maclean: a knockout punch?
30 Nov 2018 Leave a comment
James Buchanan is not really that well known among economists. He is a boring speaker and a dense writer.
Milton Friedman will be turning in his grave if he discovered that all that work he put into newspapers and TV was a waste of time because James Buchanan was secretly running everything from his desk by doing nothing
Parents in Virginia continued to hold classes after segregationists successfully closed public schools. In September 1958, UPI circulated this story about Virginia parents who opposed segregation and continued to hold classes in the home of economist Warren Nutter.
Nancy MacLean’s book, Democracy in Chains, on James Buchanan and public choice makes a very disturbing claim. Namely, that James Buchanan, and other public choice scholars, were aligned with segregationists. If true, this is very important to know. But if it is false, the record needs to be cleared up. Immediately.
Phil Magness has been on a year long mission to verify and critique MacLean’s book. More so than any other critic, Magness has spent hour after hour hunting down sources and finding new materials. In case after case, he finds errors. Some minor, some egregious. Phil recently announced that he’s found direct evidence that one of MacLean’s major historical claims…
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Low wind days
30 Nov 2018 Leave a comment
in energy economics, environmental economics, global warming Tags: wind power
Bjorn Lomborg gives @jamespeshaw even more reasons to come clean on cost of global warming as a percentage of GDP
30 Nov 2018 Leave a comment
in applied welfare economics, energy economics, environmental economics, global warming, politics - New Zealand, politics - USA Tags: climate alarmism
Top 10 Shortest Lived States in History
30 Nov 2018 Leave a comment
in constitutional political economy, economic history, International law Tags: economics of borders
Inflation-indexed bonds: are they telling us anything?
30 Nov 2018 Leave a comment
Data from New Zealand’s inflation-indexed bond market has been a bit of a mystery for some time.
If one looks at US data, the gap between conventional and indexed government bond yields – the “breakeven” or implied inflation expectation – makes sense. Here is the data for the last five years or so.
The US inflation target is around 2 per cent and for the last couple of years the breakevens have been pretty close to that. There was a period of real weakness in 2015/16 but it didn’t last that long, and even then the breakevens were only averaging around 1.5 per cent. If you were inclined to focus on the severe limitations US monetary policy will face in the next serious recession, you might even think 2 per cent breakevens for the average of the next 10 years is a bit high – after all, the Fed…
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