The Armistice (11:00AM / 11th day / 11th month / 1918 )
11 Nov 2021 Leave a comment
in defence economics, laws of war, war and peace Tags: Armistice Day, World War I
WWII Veteran Interview: Eddie Albert
11 Nov 2021 Leave a comment
in defence economics, war and peace Tags: World War II
RBNZ will be feeling the heat as critics assail its focus on climate change – and mention bank research to buttress their stance
10 Nov 2021 Leave a comment
That whistling sound out of Wellington has come from the Establishment as it witnesses a powerful attack on the Reserve Bank.
One volley has been fired by senior economist Matt Burgess in a research note for the Wellington-based think-tank, the NZ Initiative. In Climate of fear: How the Reserve Bank is overstepping its mandate, he documents what he maintains are serious breaches of the RBNZ’s responsibilities as regulator of the financial system, including one instance of misconduct, as it becomes unduly preoccupied with climate change.
A second volley was fired by the NZ Initiative’s chief economist, Eric Crampton, in an article posted by Newsroom. He raises questions about the RBNZ’s independence from political interference.
A third has been fired by an experienced business journalist, Jenny Ruth, in an article for Business Desk. She has questioned the bank governor’s credibility.
All three refer to the RBNZ’s recent Climate Changed
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Charles I Jones | The past and future of economic growth: a semi-endogenous perspective
10 Nov 2021 Leave a comment
in applied price theory, applied welfare economics, development economics, economic growth, economic history, economics of education, entrepreneurship, fiscal policy, human capital, labour economics, labour supply, macroeconomics, population economics Tags: endogeneous growth theory
Productivity Commission at sea
10 Nov 2021 Leave a comment
Were I writing yesterday’s post now I would word some things differently. Yesterday afternoon the Productivity Commission drew my attention to their supplementary paper called “The wider wellbeing effects of immigration” which – despite the title – turns out to be mainly about core economic dimensions of the issue, including a substantive discussion of some of the macroeconomic arguments I have been making. Strangely, there had been no cross-referencing to this document in the parts of the body of the main report where, as discussed yesterday, these issues were briefly discussed. I had seen an earlier draft of the macroeconomic bit of this supplementary paper and had provided some comments on it to the Commission.
Awareness of that supplementary paper does not change my main concern about the overall draft report. There is still little or no compelling analysis or insight on any of wider economic issues, no arguments or…
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Why Spacesuits Are So Expensive
10 Nov 2021 Leave a comment
in economics of media and culture Tags: space
Anarchast Ep. 231 David Friedman: The Machinery of Freedom!
10 Nov 2021 Leave a comment
in applied price theory, applied welfare economics, comparative institutional analysis, constitutional political economy, David Friedman, defence economics, economics of crime, law and economics, property rights
Debate: Abolish Banking Insurance?
10 Nov 2021 Leave a comment
in applied price theory, applied welfare economics, business cycles, economic history, economics of bureaucracy, financial economics, great depression, Ludwig von Mises, monetary economics, Public Choice Tags: deposit insurance, moral hazard
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