Celebrating humanity's flourishing through the spread of capitalism and the rule of law
06 Jun 2024 Leave a comment
in economics of crime, law and economics, politics - USA Tags: 2024 presidential election
Below is my column in the New York Post on the first day of testimony in the trial of Hunter Biden. Every claim of the defense seemed to collapse in the first two days of the trial. The defense argued that Hunter did not check the box on the gun form, so the prosecutors called […]
Just Ask Mookie: Hunter Biden Has No Defense Other Than Nullification
06 Jun 2024 Leave a comment
in budget deficits, business cycles, economic growth, fiscal policy, macroeconomics, monetary economics, politics - New Zealand Tags: monetary policy
I put a range of charts on Twitter late last week illustrating why, from a macroeconomic perspective, I found the government’s Budget deeply underwhelming. I won’t repeat them but will just show two here. The first is the Treasury’s estimate of how the bit of the operating deficit not explained just by swings in the […]
Comparing Treasury and Reserve Bank forecasts
06 Jun 2024 Leave a comment
in applied price theory, health economics, industrial organisation
Among the hundreds of medicines now in short supply are popular drugs used for weight loss such as OzempicBy Liz Essley Whyte and Peter Loftus of The WSJ. I liked that this article mentions that price increases are part of the solution, something that usually does get mentioned. A shortage means that current price is below…
Drug Shortages in America Reach a Record High
06 Jun 2024 Leave a comment
in energy economics, environmental economics, global warming Tags: British politics
By Paul Homewood h/t Russell Hicks Ben Pile’s rebuttal of the government’s response to the petition to repeal the Climate Change Act: Earlier this year, a petition on the UK government’s website called for the repeal of the 2008 Climate Change Act and Net Zero targets. It argued that allowing only “one […]
The UK government’s climate intransigence–Ben Pile
06 Jun 2024 Leave a comment
in energy economics, environmental economics, global warming, transport economics Tags: electric cars
By Paul Homewood h/t Philip Bratby Manufacturers have warned that high levels of discounting for electric cars cannot continue “indefinitely” amid a downturn in household sales. Electric vehicle sales rose overall by around 6pc in May, compared to a year earlier, taking their share of the market from 16.9pc to 17.6pc. That represented […]
Electric car discounts now ‘unsustainable’ amid record price cuts
06 Jun 2024 Leave a comment
in econometerics, economics of natural disasters, energy economics, environmental economics, global warming Tags: climate alarmism
by Javier Vinós Part 2 of a 3-part series. Part I is here. The effect of the Sun on climate has been debated for 200 years. The basic problem is that when we study the past, we observe strong climatic changes associated with prolonged periods of low solar activity, but when we observe the present, […]
How we know that the sun changes climate (II). The present
06 Jun 2024 Leave a comment
in economics of education, law and economics, liberalism, Marxist economics, politics - New Zealand, property rights Tags: Age of Enlightenment, free speech, political correctness, regressive left
Auckland University has a draft free speech policy. There are some good parts to it, but also parts that will allow significant censorship. We take our role of critic and conscience seriously and welcome and encourage dialogue and debate including on topics which may be contentious and controversial. It is inevitable that different perspectives will […]
Another weak free speech university policy
06 Jun 2024 Leave a comment
in applied price theory, global financial crisis (GFC), great recession, industrial organisation, law and economics, macroeconomics, monetary economics, politics - New Zealand Tags: competition law
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).
06 Jun 2024 Leave a comment
in applied price theory, comparative institutional analysis, constitutional political economy, economic history, economics of bureaucracy, growth disasters, growth miracles, income redistribution, Public Choice, rentseeking Tags: Age of Discovery, age of empires, economics of colonialism
05 Jun 2024 Leave a comment
in economics of crime, economics of regulation, law and economics, politics - USA Tags: 2024 presidential election
Below is my column in The Hill on the start of the Hunter Biden trial and the elements of a classic jury nullification strategy by the defense. It is not clear that it will work in an otherwise open-and-shut case, but it might. What is clear is that it may be all that Biden has […]
Is Hunter Biden Pursuing a Jury Nullification Strategy?
05 Jun 2024 Leave a comment
in chess
05 Jun 2024 Leave a comment
in comparative institutional analysis, constitutional political economy, law and economics Tags: British constitutional law, British politics, Scotland
*Editors’ Note: This post is part of the ‘Unwritten Constitutional Norms and Principles Blog Series’* Throughout the life of devolution, the courts appear to have diverged on how to properly determine the scope and limits of devolved lawmaking power, and the extent to which norms and principles not expressly contained in the text of the […]
Nicholas Kilford: Interpreting The Devolution Statutes
05 Jun 2024 Leave a comment
in economic history, energy economics, environmental economics, global warming Tags: climate alarmism
In the 1970s and 1980s ExxonMobil did not know that their reports would be so wrongly misinterpreted in the 2010s. Since 2015, when “investigative journalists” uncovered reports written in the late 1970s by ExxonMobil’s Science Advisor J.P. Black, it has been a common talking point in alarmist circles to insist that “Exxon Knew” about the…
The Claim ‘Exxon Knew’ Their Products Induced ‘Catastrophic Climate Impacts’ In The 1970s Is Bunk
04 Jun 2024 Leave a comment
in applied price theory, applied welfare economics, economic history, economics of education, entrepreneurship, human capital, labour economics, labour supply, occupational choice, politics - USA, poverty and inequality
04 Jun 2024 Leave a comment
in economics of crime, law and economics Tags: British constitutional law
For the first time, by way of the Post Office (Horizon System) Offences Act (“the Act”), Parliament has legislated to quash criminal convictions. In this post I will argue that, no matter how understandable, indeed laudable, the intention behind this legislation, in its haste to offer a speedy and comprehensive correction to mass injustice, Parliament has crossed […]
Stephen Tierney: The Post Office (Horizon System) Offences Act 2024: Necessary remedy or unwarranted interference with judicial independence?
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