Affordable housing projects aren’t making housing more affordable. In fact, says a new study by an MIT economist, construction of new subsidized housing displaces new unsubsidized housing for little net gain in the housing supply. Specifically, the study found, ten new subsidized housing units resulted in eight fewer unsubsidized units. … Continue reading →
The Case Against Affordable Housing
The Case Against Affordable Housing
06 Nov 2023 Leave a comment
in applied price theory, applied welfare economics, econometerics, economic history, urban economics Tags: affordable housing
An Outpost of Western Civilisation
06 Nov 2023 Leave a comment
in liberalism, Marxist economics, television, TV shows Tags: Age of Enlightenment, free speech, political correctness, regressive left
Bill Maher gets his usual shot in at the Republicans at the end of this little speech with which he wraps up his show, but that may not be earning him as many Brownie points with the US Left as it used to, because the rest of the speech is a brutal takedown of his […]
An Outpost of Western Civilisation
Ralph Hawtrey, Part 1: An Overview of his Career
06 Nov 2023 Leave a comment
in business cycles, economic history, fiscal policy, great depression, history of economic thought, labour economics, macroeconomics, monetary economics, unemployment
One of my goals when launching this blog in 2011 was to revive interest in the important, but unfortunately neglected and largely forgotten, contributions to monetary and macroeconomic theory of Ralph Hawtrey. Two important books published within the last year have focused attention on Ralph Hawtrey: The Federal Reserve: A New History by Robert Hetzel, […]
Ralph Hawtrey, Part 1: An Overview of his Career
Once again, Scientific American screws up an article claiming that the binary definition of sex is harmful and limiting
06 Nov 2023 Leave a comment
Scientific American just can’t help itself; it has to keep pounding away at the biological definition of sex, which is based on differential gamete size. Just the other day they published a full article in the “evolution” category, arguing that women hunted just as much as men in ancient times (and in hunter/gatherer societies today), […]
Once again, Scientific American screws up an article claiming that the binary definition of sex is harmful and limiting
Was Cavalry Useless in the First World War?
06 Nov 2023 Leave a comment
in defence economics, war and peace Tags: World War I
They’re going to change the common names of all birds named after people
06 Nov 2023 Leave a comment
in economics of education, liberalism, Marxist economics Tags: Age of Enlightenment, political correctness, regressive left
The American Ornithological Society has issued a Diktat that all common bird names derived from a person’s name, or “eponyms,” are going to be discarded and replaced with descriptive names. The Latin binomials or “scientific names”, however, are not going to be changed. Below is the order from on high; click on headline below to […]
They’re going to change the common names of all birds named after people
Mini Electric Costs £10K More Than Petrol–And Has An Effective Range Of 100 Miles
05 Nov 2023 Leave a comment
in energy economics, environmental economics, global warming, transport economics
By Paul Homewood I don’t use Facebook much, but am always astonished to see how many adverts for EVs appear. Are companies so desperate to sell them, or is this the Nudge Unit at work again? Anyway, it’s a good opportunity to check out prices again.
Mini Electric Costs £10K More Than Petrol–And Has An Effective Range Of 100 Miles
Boris Spassky vs Bobby Fischer • World Chess Championship Match, Reykjav…
05 Nov 2023 Leave a comment
in chess
Caplan-Singer Debate Video
05 Nov 2023 Leave a comment
in economic growth, economics of education, entrepreneurship, history of economic thought, human capital, income redistribution, labour economics, labour supply, macroeconomics, occupational choice, poverty and inequality, Public Choice, public economics Tags: taxation and entrepreneurship, taxation and investment, taxation and labour supply
A year ago, Jonah Franks, who runs Public Intellectuals for Charity, organized a debate between me and Peter Singer on “Do the rich pay their fair share?” I already posted my opening statement, my reflections on the debate, along with two follow-ups on Singer’s “Noble Lie.” The debate video itself, however, was gated for paying…
Caplan-Singer Debate Video
Offshore Wind Demands £95/MWh
05 Nov 2023 Leave a comment
in energy economics, environmental economics, global warming
By Paul Homewood h/t Philip Bratby So now we get an actual figure on it!! From the Telegraph: No new wind farms will be built off Britain’s shores unless the Government lets operators earn more money from the electricity they produce, the chief of the nation’s biggest generator has said. Tom Glover, country chair of […]
Offshore Wind Demands £95/MWh
War of Attrition On The Italian Front – The Ninth Battle of the Isonzo I…
05 Nov 2023 Leave a comment
in defence economics, war and peace Tags: World War I
New Rule: The War on the West | Real Time with Bill Maher (HBO)
04 Nov 2023 Leave a comment
in economic history, law and economics, liberalism, Marxist economics, Public Choice, television, TV shows Tags: Age of Enlightenment, free speech, political correctness, regressive left
Liberal Hypocrisy is Fueling American Inequality. Here’s How. | NYT Opinion well worth watching
04 Nov 2023 Leave a comment
in applied price theory, applied welfare economics, comparative institutional analysis, economics of bureaucracy, economics of education, economics of regulation, income redistribution, labour economics, labour supply, law and economics, liberalism, Marxist economics, politics - USA, property rights, Public Choice, public economics, rentseeking, urban economics Tags: housing affordability, top 1%, zoning
Utopia, you are standing in it! 
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