Jeffrey Clemens points us to some bonkers editorializing in the NYTimes coverage of the likely stolen election in Venezuela. The piece starts out reasonably enough: Venezuela’s authoritarian leader, Nicolás Maduro, was declared the winner of the country’s tumultuous presidential election early Monday, despite enormous momentum from an opposition movement that had been convinced this was […]
Venezuela under “Brutal Capitalism”
Venezuela under “Brutal Capitalism”
31 Jul 2024 Leave a comment
in development economics, economic history, economics of bureaucracy, economics of crime, growth disasters, income redistribution, law and economics, liberalism, Marxist economics, property rights, Public Choice, rentseeking, resource economics Tags: Venezuela
The kittens who rebel against their mother and run to attack her, only t…
30 Jul 2024 Leave a comment
Rent Control Reduces New Development: Bug or Feature?
30 Jul 2024 Leave a comment
in applied price theory, comparative institutional analysis, income redistribution, law and economics, politics - USA, property rights, Public Choice, rentseeking, urban economics Tags: housing affordability, land supply, regressive left, rent control
The minimum wage will tend to increase unemployment among low-skill workers, often minorities. To many people that’s an argument against the minimum wage. But to progressives at the opening of the 20th century that was an argument for the minimum wage–progressive’s demanded minimum wages to get women and racial minorities out of the work force. […]
Rent Control Reduces New Development: Bug or Feature?
Thought and Details on the Fiscal Theory of the Price Level
30 Jul 2024 Leave a comment
in applied price theory, budget deficits, business cycles, economic growth, economic history, history of economic thought, labour economics, macroeconomics, monetarism, monetary economics, unemployment Tags: monetary policy
The Fiscal Theory of the Price Level has been percolating among monetary theorists for over three decades: Eric Leeper being the first to offer a formalization of the idea, with Chris Sims and Michael Woodford soon contributed to its further development. But the underlying idea that the taxation power of the state is essential for […]
Thought and Details on the Fiscal Theory of the Price Level
Karen Chhour gives her response on the Royal Commission of Inquiry into …
29 Jul 2024 Leave a comment
in economic history, economics of bureaucracy, economics of crime, law and economics, politics - New Zealand, Public Choice
US attempt to “braid” indigenous knowledge with modern science collapses and is abandoned by the National Academies
29 Jul 2024 Leave a comment
in economics of education, liberalism, Marxist economics, politics - USA Tags: conjecture and refutation, philosophy of science
Last October I posted a critique of a new National Science Foundation (NSF) initiative designed to combine indigenous knowledge with modern science—in the U.S. this time, and to the tune of $30 million. The NSF was very optimistic, as you can see from the article below in Science (click to read; see also a similar […]
US attempt to “braid” indigenous knowledge with modern science collapses and is abandoned by the National Academies
Fantasies of Clever Climate Policies
29 Jul 2024 Leave a comment
in energy economics, environmental economics, global warming, politics - Australia Tags: climate activists, climate alarmism
Chris Kenny writes at The Australian Facts at a premium in blustery climate debate. Excerpts in italics from text provided by John Ray at his blog, Greenie Watch. My bolds and added images. Collective Idiocy From Intellectual Vanity We think we are so clever. The conceit of contemporary humankind is often unbearable. Yet this modern […]
Fantasies of Clever Climate Policies
PETER WILLLIAMS: The costs of Te Mana o te Wai are worse than we thought
29 Jul 2024 Leave a comment
in economics of bureaucracy, economics of regulation, law and economics, politics - New Zealand, property rights, Public Choice, rentseeking, urban economics
Last month I wrote about the Government’s failure to repeal David Parker’s mad ‘te Mana o te Wai’ (literally meaning the mana of the water) requirements. A few days ago, the research team at the Taxpayers’ Union were sent the details on how the rules are playing it out in my local area: Otago. While…
PETER WILLLIAMS: The costs of Te Mana o te Wai are worse than we thought
So Much for wind and solar
29 Jul 2024 Leave a comment
in energy economics, environmental economics, global warming Tags: solar power, wind power
Global Greening Becomes so Obvious That Climate Alarmists Start Arguing We Need to “Save the Deserts”!
29 Jul 2024 Leave a comment
in environmental economics, global warming Tags: climate alarmism
The world is ‘greening’ at an astonishing and rapidly growing rate and deserts are shrinking almost everywhere you look.
Global Greening Becomes so Obvious That Climate Alarmists Start Arguing We Need to “Save the Deserts”!
Claudia Goldin with Kiana Scott: The Century-Long Fight to Close the Gen…
28 Jul 2024 Leave a comment
in applied price theory, discrimination, economic history, economics of education, gender, human capital, labour economics, labour supply, occupational choice, poverty and inequality Tags: gender wage gap, sex discrimination
The Mesopotamian Front Awakens – Joseph Joffre Gets Sacked I THE GREAT W…
28 Jul 2024 Leave a comment
in defence economics, war and peace Tags: World War I
28 Jul 2024 Leave a comment
in defence economics, laws of war, liberalism, sports economics, war and peace
Utopia, you are standing in it! 
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