I am delighted to see this excellent analysis in the NYT: Mr. Tedeschi said that future leaders in Washington, whether Republican or Democrat, may be hesitant to roll back the tariffs if that would mean a further addition to the federal debt load, which is already raising alarms on Wall Street. And replacing the tariff […]
Why the tariffs are bad
Why the tariffs are bad
05 Aug 2025 1 Comment
in applied price theory, international economics, politics - USA Tags: tarrifs
A Critical Review of Impacts of Greenhouse Gas Emissions on the U.S. Climate
05 Aug 2025 Leave a comment
in applied welfare economics, economics of climate change, energy economics, environmental economics, environmentalism, global warming, politics - USA
By Paul Homewood Climate sceptics have long called for a genuinely independent review of climate science – a Blue v Red Team, as it were. Thanks to the US Energy Secretary, here it is: https://www.energy.gov/sites/default/files/2025-07/DOE_Critical_Review_of_Impacts_of_GHG_Emissions_on_the_US_Climate_July_2025.pdf The authors make it clear they only undertook the task on the guarantee there would be no editorial oversight […]
A Critical Review of Impacts of Greenhouse Gas Emissions on the U.S. Climate
A Small But Important Victory for Taxpayers
05 Aug 2025 1 Comment
in economics of bureaucracy, fiscal policy, politics - USA, Public Choice
Regular readers know I’m not a Trumpie. Some of his policies are terrible (protectionism), while others are irresponsible (punting on entitlements) or misguided (new tax loopholes). But I have to give credit where credit is due. Unlike every other Republican president over the past six decades – including the great Ronald Reagan – Donald Trump […]
A Small But Important Victory for Taxpayers
Why the accommodation supplement does little to help low-income tenants
04 Aug 2025 1 Comment
in applied price theory, income redistribution, labour economics, Public Choice, welfare reform
In an article in The Conversation earlier this year, Edward Yiu and William Cheung (both University of Auckland) discuss New Zealand’s accommodation supplement for low-income renters:New Zealand’s unaffordable housing market has left many low and middle-income families reliant on the accommodation supplement to cover rent and mortgage payments.But our new research has found the scheme,…
Why the accommodation supplement does little to help low-income tenants
Trump Admin Moves To Curb ‘Environmentally Damaging’ Green Energy Projects
04 Aug 2025 1 Comment
in economics of climate change, economics of regulation, energy economics, environmental economics, environmentalism, global warming, politics - USA Tags: solar power, wind power
The Department of the Interior (DOI) moved to deal another blow to the green energy industry Friday, announcing that it will consider energy projects’ capacity density and the environmental impacts before permitting them, singling out wind and solar.
Trump Admin Moves To Curb ‘Environmentally Damaging’ Green Energy Projects
The Tragedy of India’s Government-Job Prep Towns
04 Aug 2025 Leave a comment
in applied price theory, development economics, economics of bureaucracy, economics of regulation, growth disasters, growth miracles, labour economics, labour supply, occupational choice, Public Choice Tags: India
In Massive Rent-Seeking in India’s Government Job Examination System I argued that the high value of government jobs has distorted India’s entire labor market and educational system. India’s most educated young people—precisely those it needs in the workforce—are devoting years of their life cramming for government exams instead of working productively. These exams cultivate no […]
The Tragedy of India’s Government-Job Prep Towns
3 Times Sir Humphrey Slipped Up! | Yes, Prime Minister | BBC Studios
04 Aug 2025 Leave a comment
in television, TV shows
Four Years of War I THE GREAT WAR Week 210
03 Aug 2025 Leave a comment
in defence economics, war and peace Tags: World War I
The economics of the U.S. auto industry, a brief history
03 Aug 2025 Leave a comment
in economic history, entrepreneurship, industrial organisation, survivor principle
From Adam Ozimek: The economic value of the cars being made has climbed substantially through the years. As a result, real value added and industrial production — two different ways of measuring actual output — are now at all-time highs. And this: What about jobs? The auto industry today employs 1 million workers. Between 1950 and […]
The economics of the U.S. auto industry, a brief history
Quotation of the Day…
03 Aug 2025 Leave a comment
in labour economics, Milton Friedman
Tweet… is from page 246 of Milton & Rose Friedman’s great 1980 book, Free To Choose: A worker is protected from his employer by the existence of other employers for whom he can go to work. An employer is protected from exploitation by his employees by the existence of other workers whom he can hire.…
Quotation of the Day…
3 Times Sir Humphrey Slipped Up! | Yes, Prime Minister | BBC Studios
03 Aug 2025 Leave a comment
in television, TV shows
The Reveal: The Public is Finally Learning How Democrats Pulled Off the Greatest Political Trick in History
02 Aug 2025 Leave a comment
in economics of crime, law and economics, politics - USA Tags: 2016 presidential election
Below is my column in Fox.com on the release of the last declassified material on the origins of the Russian collusion investigation. After the release, former CIA Director John Brennan and former Director of National Intelligence James Clapper wrote in the New York Times insisted that they never relied on the Steele dossier. The column […]
The Reveal: The Public is Finally Learning How Democrats Pulled Off the Greatest Political Trick in History
JFK & PT 109
02 Aug 2025 Leave a comment
in defence economics, war and peace Tags: World War II
On the night of August 1-2, 1943, during World War II, Lieutenant John F. Kennedy, future President of the United States, experienced a defining moment in his military career when his patrol torpedo boat, PT-109, was destroyed in the Solomon Islands. This event not only showcased Kennedy’s leadership and bravery but also became a significant […]
JFK & PT 109
El Salvador lengthens future presidential terms, abolishes term limits
02 Aug 2025 1 Comment
in constitutional political economy, development economics, law and economics Tags: El Salvador
Constitutional changes have been approved in El Salvador that will increase the length of the presidential term from five to six years and remove (any pretense) of presidential term limits (AP news). Incumbent President Nayib Bukele is already serving a second term, despite the existing constitution supposedly prohibiting immediate presidential reelection. He was elected initially […]
El Salvador lengthens future presidential terms, abolishes term limits
The Laffer Curve Triumphs Again: Class Warfare in the United Kingdom Backfires
02 Aug 2025 Leave a comment
in applied price theory, fiscal policy, labour economics, macroeconomics, public economics Tags: taxation and investment
The Laffer Curve provides incredibly important insights about tax policy. Most important, it informs us that you don’t measure the revenue impact of tax policy changes merely by looking at what is happening to tax rates. You also have to consider whether changes in tax rates will alter incentives to earn and report income. Or, […]
The Laffer Curve Triumphs Again: Class Warfare in the United Kingdom Backfires
Utopia, you are standing in it! 
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