The 2024 Hayek Lecture: Phil Gramm & John Early on “The Myth of American…
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
Stephen Tierney: The Post Office (Horizon System) Offences Act 2024: Necessary remedy or unwarranted interference with judicial independence?
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?
Why Unintended Consequences from Pushing Green Energy
04 Jun 2024 Leave a comment
in economics of regulation, energy economics, environmental economics, global warming, transport economics Tags: climate alarmism
We have been treated to multiple reports of negative consequences unforeseen by policymakers pushing the Green Energy agenda. A sample of the range: Ford ready to restrict UK sales of petrol models to hit electric targets, Financial Times Why US offshore wind energy is struggling—the good, the bad and the opportunity, Tech Xplore Another solar […]
Why Unintended Consequences from Pushing Green Energy
Prediction Markets As Investments
04 Jun 2024 Leave a comment
in applied price theory, financial economics Tags: efficient markets hypothesis
Supporters of prediction markets tend to emphasize how they are great tools for aggregating information to produce accurate forecasts. If you want to know e.g. who is likely to win the next election, you can watch every poll and listen to pundits for hours, or you can take ten seconds to check the odds. This […]
Prediction Markets As Investments
Pushback on Pessimism About Randomized Controlled Trials
03 Jun 2024 Leave a comment
in applied price theory, econometerics, economics of crime, law and economics Tags: crime and punishment, criminal deterrence, law and order
Back in January, I posted about an article that was getting some attention in my world. Megan T. Stevenson is an active researcher in the criminal-justice-and-economics literature. She argues that when you look at the published studies that use randomized control trial methods to evaluate ways of reducing crime, most of the studies don’t show a…
Pushback on Pessimism About Randomized Controlled Trials
Price Drop: Finland’s Grand Nuclear Move Delivers Cheap Power Bonanza
03 Jun 2024 Leave a comment
in energy economics, environmental economics, global warming Tags: nuclear power, solar power, wind power
Thanks to their new nuclear power plants, Finns went from suffering among Europe’s highest power prices to enjoying its lowest. They now pay a mere fraction of what their wind and solar obsessed German neighbours are forced to pay for an ideological and delusional obsession. When Finland fired up its 1,600MW Olkiluoto 3 nuclear plant […]
Price Drop: Finland’s Grand Nuclear Move Delivers Cheap Power Bonanza
New Rule: Gender Apartheid | Real Time with Bill Maher (HBO)
03 Jun 2024 Leave a comment
in discrimination, economics of education, gender, labour economics, labour supply, law and economics, liberalism, Marxist economics, politics - USA, property rights, television, TV shows Tags: Age of Enlightenment, free speech, Gaza Strip, gender wage gap, Iran, Middle-East politics, political correctness, regressive left, sex discrimination
U.S.A. v. Karl Brandt et al.: The Doctors’ Trial
02 Jun 2024 Leave a comment
in defence economics, economics of crime, International law, law and economics, laws of war, war and peace Tags: Nazi Germany, The Holocaust, World War II
The Doctors’ Trial, officially known as United States of America v. Karl Brandt, et al., was the first of 12 subsequent Nuremberg Trials held after World War II. These trials were conducted to bring Nazi war criminals to justice for their roles in the Holocaust and other war crimes. The Doctors’ Trial specifically focused on […]
U.S.A. v. Karl Brandt et al.: The Doctors’ Trial
Dems Who Back Biden’s Crackdown on Fossil Fuels Suddenly Worried About High Gas Prices
02 Jun 2024 Leave a comment
in energy economics, environmental economics, global warming, politics - USA
Numerous Democrats who have helped the Biden administration restrict fossil fuel development and production are now concerned about high gas prices as the 2024 elections loom.
Dems Who Back Biden’s Crackdown on Fossil Fuels Suddenly Worried About High Gas Prices
China develops revolutionary electric car battery that can charge in 10 minutes
02 Jun 2024 1 Comment
in energy economics, entrepreneurship, environmental economics, global warming Tags: electric cars
If true, the rest of the EV scene looks obsolete already. Will other countries find themselves rolling out the red carpet for Chinese cars as their own motor industries struggle to survive? – – – China has developed a revolutionary car battery that can charge in just 10 minutes and power a car for hundreds […]
China develops revolutionary electric car battery that can charge in 10 minutes
Bailouts Forever
02 Jun 2024 Leave a comment
in business cycles, economic history, financial economics, global financial crisis (GFC), macroeconomics, monetary economics, politics - USA Tags: deposit insurance
When interest rates rise, the price of long-term assets falls. Consequently, when the Fed began raising interest rates in 2022, the value of bonds and mortgages dropped, causing significant accounting losses for banks heavily invested in these assets. Silicon Valley Bank went bust, for example, because depositors fled upon realizing it was holding lots of […]
Bailouts Forever
Has Worker Pay Kept Up with Productivity Growth?
02 Jun 2024 Leave a comment
in applied price theory, econometerics, economic history, human capital, labour economics, labour supply, poverty and inequality
You will be astonished, gentle reader, to learn that the question of whether worker pay has kept up with productivity growth turns out to depend on 1) how you measure worker pay; and 2) how you measure productivity growth. Scott Winship considers the alternatives and issues in “Understanding Trends in Worker Pay over the Past…
Has Worker Pay Kept Up with Productivity Growth?
A Primer on Marginal Tax Rates, Part IV: The Combined Burden of Levies on Income, Payroll, and Consumption
02 Jun 2024 Leave a comment
in Public Choice, public economics Tags: taxation and investment, taxation and labour supply
When I think of the world’s most mistreated taxpayers, a few options come to mind. Cam Newton, the quarterback who faced a marginal tax rate of nearly 200 percent on his Super Bowl bonus. The 8,000 French households who had to surrender more than 100 percent of their income in 2012. The unfortunate Spanish laborer […]
A Primer on Marginal Tax Rates, Part IV: The Combined Burden of Levies on Income, Payroll, and Consumption
Starmer mocked for flying in private jet to launch party’s clean energy plan
01 Jun 2024 Leave a comment
in energy economics, environmental economics, global warming, transport economics Tags: British politics
By Paul Homewood h/t Russell Hicks You could not make it up!! https://www.telegraph.co.uk/politics/2024/05/31/keir-starmer-private-jet-clean-energy-plan-launch-scotland/ What a pathetic excuse! There was no reason at all why this announcement had to be made in Scotland, other than sheer politicking. And there was certainly no reason why it could not have been made a few hours […]
Starmer mocked for flying in private jet to launch party’s clean energy plan
Utopia, you are standing in it! 
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