Exchange-rate models fit very well for the U.S. dollar in the 21st century. A “standard” model that includes real interest rates and a measure of expected inflation for the U.S. and the foreign country, the U.S. comprehensive trade balance, and measures of global risk and liquidity demand is well-supported in the data for the U.S. […]
Finally, exchange rate models seem to work pretty well
Finally, exchange rate models seem to work pretty well
14 Aug 2024 Leave a comment
in budget deficits, business cycles, econometerics, economic history, financial economics, history of economic thought, inflation targeting, macroeconomics, monetary economics, politics - USA Tags: exchange rates, monetary policy
“We are Monitoring”: EU Censor Threatens Musk Ahead of the Trump Interview
14 Aug 2024 Leave a comment
in law and economics, politics - USA Tags: 2024 presidential election, free speech, media bias, political correctness, regressive left
In my new book on free speech and various columns, I write about the European Digital Services Act (DSA) as one of the greatest assaults on free speech in history. One of the most notorious anti-free speech figures in the world is European Commissioner for Internal Markets and Services Thierry Breton. Where some censors express […]
“We are Monitoring”: EU Censor Threatens Musk Ahead of the Trump Interview
Energy Numbers: Decades of Data Detail Wind & Solar’s Pathetic Performance
14 Aug 2024 Leave a comment
in energy economics, environmental economics, global warming Tags: solar power, wind power
There’s something altogether pathetic about those that push wind and solar as the path to an energy Utopia. A place where unicorns, fairies and pixies are in charge and numbers get treated with contempt. Numbers such as those collected by Frances Menton and Robert Bryce and the pieces below. Numbers that demonstrate that, after almost […]
Energy Numbers: Decades of Data Detail Wind & Solar’s Pathetic Performance
A Most Insignificant Office: A History of the US Vice Presidency
14 Aug 2024 Leave a comment
in economic history, politics - USA Tags: constitutional law
Finally sanity on GE
13 Aug 2024 Leave a comment
in economics of regulation, environmental economics, environmentalism, global warming, politics - New Zealand Tags: anti-GMOs movement, Anti-Science left, regressive left
Judith Collins announced: The Government is ending New Zealand’s nearly 30-year ban on gene technology outside the lab in a move which will bring health, productivity and climate gains for New Zealanders. Science, Innovation and Technology Minister Judith Collins today announced legislation ending the ban and implementing a dedicated regulator to oversee applications to use […]
Finally sanity on GE
Energy should play key role in 2024 Pennsylvania (and US) elections
13 Aug 2024 Leave a comment
in energy economics, environmental economics, global warming, politics - USA Tags: 2024 presidential election
The threat of recurrent blackouts is rising, and we are getting closer than ever to having electricity when it happens to be available, instead of when we need it.
Energy should play key role in 2024 Pennsylvania (and US) elections
The (Non) Mystery of Economic Growth
13 Aug 2024 Leave a comment
in applied price theory, comparative institutional analysis, constitutional political economy, development economics, economic growth, economic history, economics of bureaucracy, growth disasters, growth miracles, income redistribution, law and economics, macroeconomics, property rights, Public Choice, rentseeking Tags: The Great Enrichment
The recipe for economic growth is not complicated. You can put it in very simple terms, as Adam Smith did a few hundred years ago. Or you can develop and utilize data-heavy indexes like the ones published by the Fraser Institute and Heritage Foundation. In either case, the result will be the same. If you […]
The (Non) Mystery of Economic Growth
Stablecoins – a digital version of Swiss bearer savings books
13 Aug 2024 Leave a comment
in history of economic thought, law and economics, macroeconomics, monetary economics, property rights Tags: bitcoin, Switzerland
Before anti-money laundering laws arrived in Switzerland, anyone could walk into a Swiss bank and open an account without showing any ID. The bank would then issue you something called a bearer savings book, otherwise known as inhabersparheften or livrets d’épargne au porteur. Ownership of the savings book was considered by the bank to be…
Stablecoins – a digital version of Swiss bearer savings books
Wind turbines taller than skyscrapers to march across British countryside
13 Aug 2024 Leave a comment
in energy economics, environmental economics, global warming, law and economics, property rights Tags: British politics, wind power
By Paul Homewood h/t Philip Bratby Is there no limit that this moron will go to wreck this country? Giant wind turbines taller than London’s Gherkin building are to be built across Britain’s countryside after Ed Miliband rejected calls to impose a height limit. The Energy Secretary’s decision means turbines as high as 850ft can […]
Wind turbines taller than skyscrapers to march across British countryside
A Harris-Walz Administration Would Be A Nightmare for Free Speech
12 Aug 2024 Leave a comment
in law and economics, liberalism, Marxist economics, politics - USA Tags: 2024 presidential election
Below is my column in The Hill on why a Harris-Walz Administration would be a nightmare for free speech. A long-standing advocate for censorship and other speech controls, Vice President Kamala Harris just added an equally menacing candidate to her ticket for 2024. Here is the column: The selection of Minnesota Gov. Tim Walz (D) as the…
A Harris-Walz Administration Would Be A Nightmare for Free Speech
Don’t Invest in a Light-Rail Boondoggle
12 Aug 2024 Leave a comment
in comparative institutional analysis, politics - USA, Public Choice, transport economics, urban economics
Last week, I observed that “Transit’s failure to recover from the pandemic is due largely to its downtown-centric orientation in most urban areas.” An op-ed in yesterday’s Baltimore Sun makes a similar point about the planned Red Line light-rail project for that city. “The problem with Baltimore transit is not … Continue reading →
Don’t Invest in a Light-Rail Boondoggle
NZ now has an asylum problem
12 Aug 2024 Leave a comment
in Economics of international refugee law, labour economics, labour supply, law and economics, politics - New Zealand Tags: economics of immigration
Stuff reports: The number of people claiming refugee status in New Zealand has exploded in the past two years, statistics released by Immigration New Zealandshow. In the 11 months to 31 May 2024, a total of 2220 people claimed refugee status in New Zealand. Half of these asylum seekers – 1108 people – were from a […]
NZ now has an asylum problem
Update: Woke Tyranny Vs. Jordan Peterson
12 Aug 2024 1 Comment
in economics of education, law and economics, liberalism, Marxist economics Tags: Age of Enlightenment, Canada, free speech, political correctness, regressive left
Jordan Peterson writes at National Post this update on his battle against censoring bureaucrats I will see this contemptible ‘re-education’ process through to its absurd end. Excerpts in italics with my bolds and added images. Having failed to persuade the Supreme Court, I am going to see what constraints are put on my speech, and […]
Update: Woke Tyranny Vs. Jordan Peterson
Utopia, you are standing in it! 
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