Celebrating humanity's flourishing through the spread of capitalism and the rule of law
15 Oct 2025 Leave a comment
in applied price theory, economic growth, fiscal policy, macroeconomics, Public Choice, public economics Tags: taxation and entrepreneurship, taxation and investment, taxation and labour supply
I wrote a column about taxes and growth in 2020. Let’s augment that analysis by digging into some details. I decided to address the issue today after seeing a tweet with this helpful summary of how different taxes cause different levels of economic damage (the Tax Foundation also has a table that ranks different taxes, […]
Taxes and Growth, Part II
14 Oct 2025 Leave a comment
in applied price theory, comparative institutional analysis, constitutional political economy, development economics, economic growth, economic history, history of economic thought, macroeconomics
The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2025 was awarded this morning for “for having explained innovation-driven economic growth.” The award was divided between Joel Mokyr ““for having identified the prerequisites for sustained growth through technological progress” to Philippe Aghion and Peter Howitt “for the theory of sustained growth through…
A Nobel for Innovation-Driven Economic Growth: Aghion, Howitt, and Mokyr
14 Oct 2025 1 Comment
in applied price theory, economics of bureaucracy, economics of regulation, energy economics, environmental economics, fiscal policy, law and economics, macroeconomics, property rights, Public Choice, rentseeking, urban economics Tags: France
Macron’s government consistently spent more as a share of total output than any other OECD member, with the public sector accounting for over 57% of GDP in 2024. The telling trend is France’s divergence from its neighbors. When Macron took office, France’s debt-to-GDP ratio was 11 percentage points above the Eurozone average; by 2024, that gap […]
French facts of the day
14 Oct 2025 Leave a comment
in budget deficits, business cycles, economic growth, fiscal policy, history of economic thought, macroeconomics, monetarism, monetary economics
13 Oct 2025 Leave a comment
A former vice-president of your party (and son of one of your MPs) says your party is run like a dictatorship. When this accusation is put to the co-leaders, the male co-leader refuses to answer and heads off. He sees the female co-leader is not following him and may be about to answer the question, […]
How to refute accusations of dictatorial behaviour
13 Oct 2025 Leave a comment
in applied price theory, development economics, economics of religion, growth disasters, growth miracles Tags: The Great Enrichment
TweetHere’s a letter to a new correspondent. Mr. __: Thanks for sharing Sohrab Ahmari’s tweet, which I’d not otherwise have noticed. It is, frankly, pathetically inept. In order to criticize the pro-free-market Acton Institute, Ahmari favorably quotes Pope Leo’s assertion that “pseudo-scientific data are invoked to support the claim that a free market economy will…
Sorry, But Pope Leo Is Mistaken
12 Oct 2025 Leave a comment
in applied price theory, econometerics, industrial organisation, politics - USA, survivor principle Tags: media bias
In my ECONS102 class, we cover economic explanations for media bias. Drawing on past research from Matthew Gentzkow and others, we demonstrate that there are demand-side explanations (media bias arises because of a bias in the preferences of the news-consuming public) and supply-side explanations (media bias arises because media firms segment the market, and focus…
The supply side of media bias
12 Oct 2025 Leave a comment
in defence economics, economics of bureaucracy, economics of climate change, energy economics, environmental economics, environmentalism, global warming, politics - USA, Public Choice Tags: climate alarmism
The World Bank and other Western institutions retreat from fossil fuel finance has created a significant geopolitical opportunity for China. China is willing to finance fossil fuel projects in Africa and the developing world and reap the strategic benefit of control of energy infrastructure in many countries.
World Bank Reduces Emissions, Not Poverty
11 Oct 2025 Leave a comment
in defence economics, laws of war, war and peace Tags: Gaza Strip, Israel, Middle-East politics, war against terror
The lead story on last night’s NBC News was about the cease-fire in Gaza, and it showed Israelis celebrating the return of the hostages, and Gazan civilians celebrating the cessation of war. Even my Jewish friends in America are celebrating, though they’re properly wary of “stage 2” of the deal: will Hamas gives up its […]
Brendan O’Neill ponders the unemployment of Israel haters
11 Oct 2025 1 Comment
Twenty years ago, with the Energy Policy Act of 2005, the US decided to encourage “biofuels” in a big way with the Renewable Fuel Standard (RFS) program, which started with RFS1 and later was amended to RFS2. Gabriel E. Lade and Aaron Smith provide an overview of what has happened since then in Biofuels: Past, Present,…
Some Economics of US Biofuels
11 Oct 2025 Leave a comment
in economics of crime, law and economics, politics - New Zealand Tags: constitutional law, crime and punishment, law and order, political correctness, racial discrimination, regressive left
Roger Partridge writes: When Parliament says gang insignia “is forfeited to the Crown,” citizens are entitled to assume those words mean what they say. Yet on 11 August the District Court ruled otherwise. Judge Lance Rowe directed that a Mongrel Mob vest, seized under the Government’s new Gangs Act 2024 and forfeited following a guilty plea, should nevertheless […]
More judicial activism
11 Oct 2025 1 Comment
in economics of education, liberalism, Marxist economics Tags: Age of Enlightenment, conjecture and refutation, free speech, philosophy of science, political correctness, regressive left
Robert Bartholomew writes: For millennia, indigenous cultures have accumulated a vast repository of information that has helped them to adapt and survive. Prior to European contact, the Quechua of the Andes used quinine from the bark of the cinchona tree to treat fevers. It later proved to be the first effective treatment for malaria. Salicin from […]
Ancient Wisdom vs Science
10 Oct 2025 Leave a comment
in economics of climate change, energy economics, environmental economics, environmentalism, global warming, transport economics Tags: British politics
By Paul Homewood Mike Graham interviewed Matt Vickers, Deputy Chairman of the Conservative Party, yesterday. At about 3hr 12 minutes in, the topic of Net Zero is raised. Vickers is asked whether the ban on petrol cars will be lifted – answer came there none! It is astonishing that no thought seems […]
Tories Won’t Commit To Lift Petrol Car Ban
10 Oct 2025 1 Comment
in defence economics, laws of war, war and peace Tags: Gaza Strip, Israel, Middle-East politics, war against terror
Stuff reports: Celebration – tinged with anxiousness – has broken out in parts of Israel and Gaza after the announcement of a ceasefire deal between the warring parties. Israel has begun implementing the ceasefire deal in Gaza, after it reached an agreement with Hamas for the Palestinian militant group to release all the hostages it holds. Crowds in both […]
A ceasefire in Gaza
10 Oct 2025 Leave a comment
Still the same entitled grifters breaking the rules and achieving nothing
Te Pāti Māori
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
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Celebrating humanity's flourishing through the spread of capitalism and the rule of law
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Celebrating humanity's flourishing through the spread of capitalism and the rule of law
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