When rates go low, future profits go high. Everyone wants a cutBy Richard B. McKenzie. Excerpt:”Profits in the future, dollar for dollar, are worth less than current dollars. This is because current profits can earn interest between now and the future, which means that future profits must be discounted by some percentage to make them…
Why the Fed Cut Sent Stocks Soaring
Why the Fed Cut Sent Stocks Soaring
23 Sep 2024 Leave a comment
in applied price theory, entrepreneurship, financial economics, macroeconomics, monetary economics Tags: monetary policy
Running an electric car is twice as expensive as a petrol one
23 Sep 2024 Leave a comment
in energy economics, environmental economics, global warming Tags: electric cars
By Paul Homewood h/t Philip Bratby Electric cars are up to twice as expensive as petrol or diesel vehicles to run, new figures have suggested. Running an electric vehicle (EV) can cost more than 24p per mile, while a diesel vehicle is 12.5p. It costs as much as 80p per kilowatt hour to charge […]
Running an electric car is twice as expensive as a petrol one
Historian Anthony Comegna reviews Marc-William Palen’s book Pax Economica: Left-Wing Visions of a Free Trade World
23 Sep 2024 Leave a comment
in applied price theory, development economics, history of economic thought, international economics Tags: economics of colonialism, free trade, tariffs
See When Leftists Were Free Traders: In Pax Economica, historian Marc-William Palen chronicles the left-wing history of free trade. From Reason magazine.Dr. Marc-William Palen is a historian at the University of Exeter. His Ph. D. is from The University of Texas.The review is very good. Here is the Amazon link for the book: Pax Economica:…
Historian Anthony Comegna reviews Marc-William Palen’s book Pax Economica: Left-Wing Visions of a Free Trade World
British Advance At Passchendaele I THE GREAT WAR Week 165
22 Sep 2024 Leave a comment
in defence economics, war and peace Tags: World War I
Second-hand electric car prices falling at faster and faster rate
22 Sep 2024 Leave a comment
in economics of climate change, energy economics, environmental economics, environmentalism, global warming, transport economics, urban economics Tags: electric cars
By Paul Homewood h/t Philip Bratby This hardly comes as a surprise! Electric vehicles (EVs) are losing value at an “unsustainable” rate as a slowdown in consumer demand sends used car prices tumbling, leasing companies have warned.
Second-hand electric car prices falling at faster and faster rate
Facts about Britain
22 Sep 2024 Leave a comment
in applied price theory, economic growth, economics of bureaucracy, economics of regulation, energy economics, environmental economics, industrial organisation, labour economics, law and economics, macroeconomics, Public Choice, resource economics, transport economics, urban economics Tags: British politics
Between 2004 and 2021, before Russia’s invasion of Ukraine, the industrial price of energy tripled in nominal terms, or doubled relative to consumer prices. With almost identical population sizes, the UK has under 30 million homes, while France has around 37 million. 800,000 British families have second homes compared to 3.4 million French families. Per capita electricity generation in the UK […]
Facts about Britain
Last European ice age
22 Sep 2024 Leave a comment
in economic history, environmental economics, global warming Tags: ice ages
The Affordable Rent Act
22 Sep 2024 Leave a comment
in applied price theory, economics of regulation, income redistribution, law and economics, property rights, Public Choice, rentseeking, urban economics Tags: rent control
Bloomberg: Moraal is among the growing number of Dutch people struggling to find a rental property after a new law designed to make homes more affordable ended up aggravating a housing shortage. Aiming to protect low-income tenants, the government in July imposed rent controls on thousands of homes, introducing a system of rating properties based on […]
The Affordable Rent Act
EV Sales Collapse in Germany
21 Sep 2024 Leave a comment
in economics of climate change, economics of regulation, energy economics, environmental economics, environmentalism, global warming, transport economics Tags: electric cars
Germany has suffered a “spectacular” drop in electric car sales as the European Union faces growing calls to delay its net zero vehicle targets.
EV Sales Collapse in Germany
Easter Island Ecological Collapse Debunked
21 Sep 2024 Leave a comment
in economic history, law and economics, liberalism, war and peace Tags: Easter Island, economics of colonialism, economics of slavery
Jared Diamond is a polymath (biochemistry, physiology, ornithology, ecology; MacArthur Genius Grant; etc.) perhaps best known for his Guns, Germs and Steel (1997). In that book (which I read) he proposed that shared learnings and practices across the vast Eurasian continent led to optimized food crops and agricultural practices for Eurasian peoples, which in turn […]
Easter Island Ecological Collapse Debunked
The US Has Low Prices for Most Prescription Drugs
21 Sep 2024 Leave a comment
in applied price theory, economic history, health economics, industrial organisation Tags: drug lags
The US has high prices for branded drugs but it has some of the lowest prices for generic drugs in the world and generic drugs are 90% of prescriptions. I’ve been saying this for years but here is the latest study: U.S. prices for brand-name originator drugs were 422 percent of prices in comparison countries, […]
The US Has Low Prices for Most Prescription Drugs
Treaty of Waitangi legal “experts” have misunderstood its economic rationale – and endangered national prosperity
20 Sep 2024 Leave a comment
in comparative institutional analysis, constitutional political economy, development economics, economic history, history of economic thought, liberalism, politics - New Zealand, Public Choice Tags: constitutional law
Rob MacCulloch writes – The underlying aim of the Treaty of Waitangi, at least in economic terms, was to promote a higher standard of living for Māori and non-Māori alike. This article’s purpose is to argue how its words were unambiguously designed to achieve that purpose, but have since been hijacked by political operatives and NZ’s legal […]
Treaty of Waitangi legal “experts” have misunderstood its economic rationale – and endangered national prosperity
Nuclear power stations can be a beautiful part of the environment.
20 Sep 2024 Leave a comment
in economics of regulation, energy economics, environmental economics, global warming Tags: nuclear energy
Since nuclear is completely clean and green, emitting no gasses, liquids, or anything else, during normal operations, there is no reason why nuclear power stations must be viewed as ugly industrial buildings. They can be made as attractive as a hotel complex or holiday resort.
Nuclear power stations can be a beautiful part of the environment.
Pierson on Wellington cycleways
20 Sep 2024 Leave a comment
in politics - New Zealand, transport economics, urban economics Tags: celebrity technologies, cycleways
Lukje Pierson writes: A few weeks back, Wellington City Council published a story summarising what thousands of us think of its priorities for the next decade. Buried on page 40, you’ll find what Wellingtonians really think of the council’s controversial new cycleways. It turns out just 30% of us are happy, while 60% want to […]
Pierson on Wellington cycleways
Utopia, you are standing in it! 
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