Celebrating humanity's flourishing through the spread of capitalism and the rule of law
25 Jul 2025 Leave a comment
in development economics, growth disasters, growth miracles, international economics, liberalism, libertarianism Tags: Argentina, tariffs
Part I of this series celebrated Javier Milei’s amazing success, Part II pointed out that labor market liberalization is still a big challenge, while Part III noted that the tax system still needs to be fixed. This final video in the series explains the need for free trade. As noted in the video, Milei inherited […]
Expanding the Milei Miracle: Trade Liberalization
25 Jul 2025 Leave a comment
in economics of regulation, energy economics, environmental economics, global warming, politics - USA Tags: California
The California Energy Commission (CEC) is reportedly actively seeking buyers to stop the upcoming closure of the Valero refinery in Benicia, California, according to three people familiar with the matter that spoke to Reuters. Democrat officials are now reportedly scrambling to keep the refinery operating in California after enforcing stringent regulations that have helped prompt refineries to close across the state for years.
California Dems Reportedly Scrambling To Find Buyer For Refinery After Running Owner Out Of Town
25 Jul 2025 Leave a comment
in constitutional political economy, politics - Australia, Public Choice Tags: Tasmania
Tasmania’s electoral system, particularly its implementation of the Hare-Clark proportional representation method, has frequently faced criticism for its tendency to produce unstable governments. This instability largely arises from the system’s inherent design, which promotes a fragmented parliament and necessitates coalition-building and negotiations that may ultimately compromise governmental efficacy and stability. The Hare-Clark system, in theory, […]
Tasmania’s unstable electoral system
24 Jul 2025 Leave a comment
in liberalism, Marxist economics, politics - USA Tags: useful idiots
24 Jul 2025 Leave a comment
in applied price theory, economics of regulation, entrepreneurship, financial economics, industrial organisation Tags: competition law, competition law enforcement, mergers
Conventional antitrust enforcement tries to prevent harmful mergers by blocking them but empirical evidence shows that rival stock prices often rise when a merger is blocked—suggesting that many blocked mergers would have increased competition. In other words, we may be stopping the wrong mergers. In a clever proposal, Ayres, Hemphill, and Wickelgren (2024) argue that […]
Shorting Your Rivals: A Radical Antitrust Remedy
24 Jul 2025 Leave a comment
in comparative institutional analysis, constitutional political economy, economic history, economics of bureaucracy, law and economics, politics - New Zealand, property rights, Public Choice Tags: constitutional law
Roger Partridge writes – Revolutions conjure images of violent uprisings, the storming of institutions, and the forcible overthrow of existing orders. But constitutional foundations can be destroyed through more subtle means. When judges discard long-established constitutional principles and remake the law according to their preferences, they engage in a revolution that may be no less […]
Revolution by Judicial Decree: A Review of Professor Peter Watts KC’s “Ellis v R, A Revolution in Aotearoa New Zealand, Welcome or Not”
23 Jul 2025 Leave a comment
in applied price theory, entrepreneurship, financial economics, international economics, politics - USA Tags: tarrifs
Cantor Fitzgerald, a financial services company led by the sons of US Commerce Secretary Howard Lutnick, has offered to buy the right to hundreds of millions of dollars in potential refunds from companies that have paid Trump’s tariffs. The offer means that the sons of the pro-tariff commerce secretary, Kyle and Brandon, have made a way for […]
Markets in everything, bet on tariff repeal edition
23 Jul 2025 Leave a comment
in discrimination, gender, health economics, liberalism, Marxist economics, politics - USA Tags: free speech, political correctness, regressive left, sex discrimination
Luana called my attention to an article on wokeness, in this case describing the ideological erosion of Planned Parenthood (henceforth “PP). Click the headline below to read the WSJ “Saturday essay”, or or find it archived free here. Notice that the author is Pamela Paul, formerly the Sunday book-review editor and then a columnist for […]
Planned Parenthood going the way of the ACLU and the SPLC?
23 Jul 2025 Leave a comment
in economic history, entrepreneurship, industrial organisation Tags: creative destruction
23 Jul 2025 Leave a comment
in applied price theory, budget deficits, comparative institutional analysis, constitutional political economy, development economics, economic growth, fiscal policy, growth disasters, growth miracles, law and economics, liberalism, libertarianism, macroeconomics, property rights Tags: Argentina
I almost feel sorry for the 108 leftist economists who predicted back in 2023 that Argentina would suffer if Javier Milei won the presidential election. Not only were they disappointed when he enjoyed a landslide victory, but the subsequent events in Argentina have shown that they were wildly wrong (all of which is discussed in […]
The Milei Miracle, Part II
22 Jul 2025 1 Comment
in economics of climate change, energy economics, environmental economics, environmentalism, global warming Tags: British politics, climate activists, solar power, wind power
By Paul Homewood London: 17 July 2025 For immediate release Net Zero Watch: Clean Power 2030 projects risk becoming stranded assets Reform’s Richard Tice has written to green energy bosses warning them that a Nigel Farage-led government would terminate green subsidy contracts associated with Labour’s Clean Power 2030 agenda. He argues that the […]
Clean Power 2030 projects risk becoming stranded assets
22 Jul 2025 Leave a comment
in applied price theory, comparative institutional analysis, economics of bureaucracy, income redistribution, industrial organisation, politics - New Zealand, Public Choice, rentseeking
The Herald reports: More than half of the $257 million loan book held by the Government entity formerly known as the Provincial Growth Fund is considered to be at risk of impairment or default. The surge in at-risk loan advances made by Crown Regional Holdings (CRH) – a vehicle used by the Government to warehouse […]
Stop the corporate welfare
21 Jul 2025 Leave a comment
in energy economics, politics - New Zealand
The Herald reports: An influential collection of business and consumer organisations are calling on Prime Minister Christopher Luxon to fix the “broken” energy sector. In a letter published in today’s Sunday newspapers titled “Our energy market is broken”, Luxon was told the country was running out of gas, new electricity generation is taking an age, […]
The inherited power supply crisis
21 Jul 2025 Leave a comment
in economics of bureaucracy, law and economics, politics - New Zealand, property rights, Public Choice, resource economics Tags: constitutional law
Peter Williams writes – The Taxpayers’ Union has been alerting supporters about the “Te Mana o te Wai” (literally meaning the mana of the water) requirements, which are still applicable to local councils’ environmental planning/consenting. It is becoming clear that the Coalition Government is continuing down Labour’s path of undemocratic and costly co-governance due to pressure […]
PETER WILLIAMS (on behalf of the Taxpayers’ Union): The Nats are considering keeping Te Mana o te Wai
21 Jul 2025 Leave a comment
in applied price theory, economics of bureaucracy, income redistribution, law and economics, politics - New Zealand, property rights, Public Choice, public economics Tags: takings
Eric Crampton writes – The Regulatory Standards Bill before Parliament provides no enforceable legal right to compensation for the cost of regulation. It only suggests that compensation can be warranted when regulation takes or impairs property. A sovereign Parliament remains free to ignore that advice, as is made abundantly clear in sections 24 through 26 […]
Making sense of the case for compensation in regulatory bill
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
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