When it comes to the question of how best to avoid a banking collapse and multi-billion dollar bailout that can drag a whole nation into depression, the best solution, according to Chicago-Stanford economist, John Cochrane, is to require banks to set aside a fraction of their own funds as reserves to cover losses they may…
Caught out! The NZ Initiative’s Article in the Herald Blaming the RBNZ for our Rip-Off Big Banks is Contradicted by its Own Expert Witness. (Willis Beware).
Caught out! The NZ Initiative’s Article in the Herald Blaming the RBNZ for our Rip-Off Big Banks is Contradicted by its Own Expert Witness. (Willis Beware).
12 Jun 2024 Leave a comment
in applied price theory, applied welfare economics, business cycles, economic history, economics of bureaucracy, financial economics, macroeconomics, monetary economics, politics - New Zealand, Public Choice
“I Take Responsibility”: Pelosi Admits Fault for the Lack of Security Precautions on January 6th
12 Jun 2024 Leave a comment
in economics of crime, law and economics, politics - USA Tags: 2020 presidential election, 2024 presidential election
For years, some of us have asked why the Capitol was so poorly prepared for the January 6th riot. As part of the coverage on that day, I remarked at the start of the protests that I had never seen the Capitol so thinly protected for a major demonstration. Some paths to the Capitol were…
“I Take Responsibility”: Pelosi Admits Fault for the Lack of Security Precautions on January 6th
Is Paris About to Leave the Paris Agreement?
12 Jun 2024 Leave a comment
in energy economics, environmental economics, global warming Tags: France
President Macron has called a snap parliamentary election after devastating losses to right wing challenger Marine Le Penn in recent European elections.
Is Paris About to Leave the Paris Agreement?
Three Strikes might have kept this victim alive
12 Jun 2024 Leave a comment
in applied price theory, economics of crime, law and economics, politics - New Zealand Tags: crime and punishment, criminal deterrence, law and order
The Herald reports: A recidivist offender who shot a small-time Auckland drug dealer while robbing him of his stash and recent gaming machine jackpot had been on electronically monitored post-prison release conditions at the time of the murder – but had cut off his tracking device. That factor of Benjamin “Dekoy” Mcintosh’s murder in June 2022 was highlighted for the […]
Three Strikes might have kept this victim alive
Expert advice
11 Jun 2024 Leave a comment
in applied price theory, applied welfare economics, energy economics, environmental economics, global warming Tags: carbon trading
There are a few things you’d hope would be common knowledge about the Emissions Trading Scheme.For example, the scheme caps net emissions. If emissions go down in one sector, another sector’s emitters can buy the slightly-cheaper NZUs and use them. The only thing that reduces net emissions in the covered sector is government auctioning or…
Expert advice
Monetary Policy and the Great Crash of 1929: A Bursting Bubble or Collapsing Fundamentals?
11 Jun 2024 Leave a comment
in business cycles, economic growth, economic history, great depression, history of economic thought, macroeconomics, monetarism, monetary economics Tags: monetary policy
By Timothy Cogley. He was then at the Federal Reserve Bank of San Francisco (1999). He is now at New York University. “In recent years, a number of economists have expressed concern that the stock market is overvalued. Some have compared the situation with the 1920s, warning that the market may be headed for a…
Monetary Policy and the Great Crash of 1929: A Bursting Bubble or Collapsing Fundamentals?
Conservatives may come third
11 Jun 2024 Leave a comment
in politics Tags: British politics
The latest polling summary projects that the Conservatives could lose 310 of their 376 seats, leaving them just 66. Labour would win 485 and the Lib Dems 59. Most polls were before Nigel Farage announced he will resume the Reform Party leadership and the D Day disaster. Unclear how much impact this may have, but […]
Conservatives may come third
What Evolution Reveals About Human Behavior
11 Jun 2024 Leave a comment
in economics of education, economics of media and culture, health economics, population economics Tags: cognitive psychology, evolutionary biology, evolutionary psychology
Can Democracy Survive the “Defenders of Democracy”?
11 Jun 2024 Leave a comment
in comparative institutional analysis, constitutional political economy, economics of crime, law and economics, politics - USA Tags: 2016 US presidential election, 2020 presidential election, 2024 presidential election
Below is my column in The Hill on the latest calls to protect democracy with distinctly undemocratic measures. Former presidential candidate Hillary Clinton insisted that the 2024 election was our D-Day, suggesting that voters would have to fight the GOP like the Nazis in World War II. Clinton previously called on Europe to censor American […]
Can Democracy Survive the “Defenders of Democracy”?
Leftists Against Growth: Honest, but Wrong
10 Jun 2024 Leave a comment
in comparative institutional analysis, constitutional political economy, development economics, economic growth, economic history, macroeconomics Tags: constitutional law
Just as trend lines are important for fiscal policy, they are perhaps even more important when looking at economic performance. Even small difference in annual growth rates, for instance, can lead to big changes in prosperity within a couple of decades. And enormous changes over longer periods of time. All of which explains why I’m […]
Leftists Against Growth: Honest, but Wrong
Where did the Government get the law right and wrong with the Covid-19 response?
10 Jun 2024 Leave a comment
in economics of bureaucracy, economics of natural disasters, economics of regulation, health economics, law and economics, politics - New Zealand, Public Choice Tags: economics of pandemics
For those who are interested in public law, a very interesting paper by Dean Knight summarising the various court cases over the Covid-19 response. It details in which areas the Government won judicial reviews, and in which areas they lost. The TLDR version is: Hopefully we will not go through another pandemic anytime soon.
Where did the Government get the law right and wrong with the Covid-19 response?
On electing gangsters
10 Jun 2024 Leave a comment
in comparative institutional analysis, development economics, economic history, economics of bureaucracy, economics of crime, growth disasters, growth miracles, income redistribution, law and economics, Public Choice, rentseeking Tags: economics of corruption, India
In India it’s common for politicians to have criminal cases against them. Why do voters vote for criminals? One compelling explanation provided by political scientist Milan Vaishnav is that voters often care less about their represntative’s ability to deliver broad-based development or draft good laws, and more about the effectiveness at helping them access limited […]
Haan, goonda hai, magar hamara goonda hai
Fauci Didn’t Test
09 Jun 2024 Leave a comment
in applied welfare economics, economics of regulation, health economics, politics - USA Tags: economics of pandemics, The fatal conceit, unintended consequences
I am not a Fauci hater but I think this criticism of Facui from epidemiologist and oncologist Vinay Prasad hits the mark: Lockdown was specifically advocated for by Anthony Fauci (‘15 days to stop the spread’/ ‘hunker down’/ ‘shelter in place’), and Fauci would go on to make hundreds of other specific policy recommendations. Although he initially […]
Fauci Didn’t Test
Will Hunter Take the Stand? He May Want to Think Twice Before Checking That Box
09 Jun 2024 Leave a comment
in economics of crime, law and economics, politics - USA Tags: 2024 presidential election, economics of prohibition, gun control
This weekend, the Hunter Biden team is reportedly debating whether to have him take the stand on Monday, a move rife with risk. Most criminal defendants avoid such appearances given the potential damage of a withering cross examination. Those risks were evident in the recent testimony of Hunter’s daughter, Naomi, which backfired badly on key […]
Will Hunter Take the Stand? He May Want to Think Twice Before Checking That Box
Some Links on David Boaz (1953-2024)
09 Jun 2024 Leave a comment
TweetTom Palmer remembers David Boaz, who died yesterday. A slice: Over 49 years that combination of wit and intellect and humility characterized him. For five decades he worked to secure equal liberty for each and every human being. It was his life mission, to which he hewed with extraordinary steadfastness. He was a passionate champion of ending…
Some Links on David Boaz (1953-2024)
Utopia, you are standing in it! 
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