Most Popular Social Media – Growth Evolution (2004-2022)
04 Oct 2022 Leave a comment
in economic history, industrial organisation Tags: creative destruction
The withering away of the middle class
04 Oct 2022 Leave a comment
in applied price theory, economic history, economics of education, entrepreneurship, human capital, labour economics, labour supply, poverty and inequality Tags: creative destruction, The Great Enrichment

The Go-Go’s – We Got The Beat (Live From The Today Show / 2020)
04 Oct 2022 Leave a comment
in Music, television
Fossil Fuel Dragged Us Out of Poverty & Delivers Prosperity For Everyone, Every Day
03 Oct 2022 Leave a comment
Fossil fuel is the catalyst for modernity: coal, then oil and gas, have driven the mechanization and industrialisation responsible for lifting billions out of agrarian poverty, and all in the space of little more than a century.
A reliable supply of electricity allows the impoverished to escape the daily drudgery and misery of a life without it.
Spend a week gathering dung and twigs to cook meals over a smoky fire in an unlit hut, and you’ll soon be screaming for fossil fuels.
The miserable misanthropes and neo-Marxists reckon that fossil fuels are an evil to be driven back to the depths from whence they came. Except, of course, when it comes to their own selfish energy needs. Think pontificating actors, wannabe princesses and their royal beaus lecturing us about our energy use, as they traverse every inch of the globe in their private jets.
Amongst the anti-human, anti-progress squad…
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Genetic strength, insults against Māori MPs (on one side of the House) and an analysis of the critical doctrinal divide
03 Oct 2022 Leave a comment
The Māori Party, without any apparent blush, makes a provocative claim about the genetic superiority of Māori on its website.
The claim is to be found in a section which sets out the party’s sports policy:
“It is a known fact that Māori genetic makeup is stronger than others.”
This genetic strength perhaps attenuates when Māori join the ACT or National Parties and express opinions that challenge the Government line on what must be done in partnership with Maori because of obligations supposedly demanded by the Treaty of Waitangi.
Māori Development Minister Willie Jackson earlier this year said ACT leader David Seymour, of Ngāpuhi descent, claimed to be Māori – but “he’s just a useless Māori, that’s all”.
“Absolutely [he’s] Māori but maybe just the most useless advocate for Māori we’ve ever seen.”
He subsequently told Morning Report he did not regret his comment because Seymour was a “dangerous…
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The Cost of Big Government in France
03 Oct 2022 Leave a comment
I often cite the OECD’s data on “actual individual consumption” to show that the average American enjoys higher living standards than the average European.
In this clip from a recent presentation, I compare the United States and France.
I’m motivated to write on this topic because of a recent tweet from Arnaud Bertrand.
I don’t know who he is, but he shares some very depressing data about the well-being of ordinary people in France.
The above data, according to Monsieur Bertrand, is before taxes on income.
Which makes me curious, of course, so I went to the OECD’s data on “Taxing Wages.”
Here is the data from Table 3.1, showing the tax burden on lower-income and middle-class taxpayers in France and the United States.
As you can see, the tax burden is much higher in France for every type of household. It doesn’t matter whether the household is…
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Towards this week’s OCR review
03 Oct 2022 Leave a comment
The Reserve Bank’s MPC will deliver their next OCR decision on Wednesday. The consensus seems to be (quite strongly, and I have no particular reason to differ) that the Bank will raise the OCR by another 50 basis points. At 3.5 per cent, the OCR would then be at the peak level it was (inappropriately) raised to in 2014, at a time when core inflation was well below the target midpoint and the unemployment rate was lingering high.
I’m less interested in what the MPC will do than in what they should do, and on that count I’m less convinced that the consensus call would be the appropriate one. In times like the last 2-3 years, no one should feel overly confident about any particular assessment of what monetary policy stance will prove to be needed: there is inevitably an aspect of feeling your way, knowing that when all the…
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Deliberately Trashed: Why Biden’s Subsidised Wind & Solar Push Is Destroying America
02 Oct 2022 Leave a comment
Once the engineers were banished and the bureaucrats took charge, the fate of reliable and affordable energy supplies was sealed. Trashing coal-fired power plants, demonising nuclear power and squandering untold $billions on hopelessly unreliable wind and solar would have never happened if the engineers were left alone to run the show.
The results are difficult to conceal. Virtue signalling politicos and their barrackers in the MSM are, however, doing their level best to deflect attention from the disasters playing out in Europe, Britain and California.
They run a fair line in interference in relation to Europe, pointing the blame at Vlad Putin and his invasion of Ukraine. Which ignores the fact that Europe’s disaster was already revealed by the grand wind drought that hit during the last half of 2021.
America was, until Joe Biden took over, awash with gas, so wind and solar acolytes can’t run the same ‘Putin did…
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Happy Birthday Groucho Marx
02 Oct 2022 Leave a comment

What can you say about one of the funniest people that ever lived? Well frankly not much, except for that today marks his 132th birthday. Other then that I will leave Groucho do the talking.
“The secret of life is honesty and fair dealing. If you can fake that, you’ve got it made.”
“I never forget a face, but in your case I’ll be glad to make an exception.”
“He may look like an idiot and talk like an idiot but don’t let that fool you. He really is an idiot.”
“While money can’t buy happiness, it certainly lets you choose your own form of misery.”
“Only one man in a thousand is a leader of men — the other 999 follow women.”
“Yesterday is dead, tomorrow hasn’t arrived yet. I have just one day, and I’m going to be happy in it.”
“One morning I shot an elephant in…
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Examining last session’s record-breaking number of government defeats in the House of Lords
02 Oct 2022 Leave a comment

In the 2021-22 session of parliament, government defeats in the House of Lords reached record levels. Sam Anderson argues that two key factors combined to drive this phenomenon. First, the Johnson government pursued a controversial legislative agenda. Second, it seemed in some cases unwilling to compromise where evidence suggests that previous governments would have done so.
There were numerous examples throughout Boris Johnson’s premiership of his government’s rocky relationship with parliament. One recent manifestation – noted elsewhere – was that there were an unprecedented 128 government defeats in the House of Lords in the 2021-22 parliamentary session. This led some government supporters to suggest that the Lords has become a ‘House of opposition’ that ‘views themselves as there to obstruct’ the government. But is this assessment fair?
The Constitution Unit’s tracking of when and on what topics governments are defeated in the House of Lords offers key insights…
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ROCKTOBER-Bohemian Rhapsody
02 Oct 2022 Leave a comment

It’s a song you have all heard a great number of times. And to those who heard it when it was first released it was probably not like anything you’ve heard before.
Bohemian Rhapsody is probably the most unlikely title for a Rock song and yet it became a classic , if not THE classic Rock song for many generations.
This musical masterpiece lasted 5 minutes and 55 seconds, another reason why it should not have become a hit. Because prior to that, 3 minutes was the magic number for Rock hits. It was first released on Halloween 1975, October 31.
The song is so well known and there is not much I can add to the narrative, except for one little fact which is probably forgotten. Queen held the number 1 position in the UK with Bohemian Rhapsody, maybe they should have followed their own advice and ‘tied their…
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