WSJ: What the Twin Cities Tell Us About Fixing the Housing CrisisThe Natural Experiment: In 2022, St. Paul enacted one of the strictest rent-control regimes in the country. The ordinance capped annual rent increases at 3% for most apartments, even empty ones. It didn’t adjust for inflation. … Across the Mississippi River, Minneapolis steered clear of rent…
A tale of two cities and rent control
A tale of two cities and rent control
23 Dec 2025 Leave a comment
in applied price theory, comparative institutional analysis, econometerics, economics of regulation, law and economics, market efficiency, property rights, Public Choice, rentseeking, urban economics Tags: rent control
Adam Smith And Joseph Campbell On The Dangers Of “The Man Of System”
23 Dec 2025 Leave a comment
in Adam Smith, applied price theory, comparative institutional analysis, economics of information, economics of regulation, history of economic thought
Here is a passage from The Theory of Moral Sentiments by Smith (author of the book The Wealth of Nations in 1776 that started economics) at the Library of Economics and Liberty. Smith emphasizes the arrogance and conceit of those who think they can arrange society any way they want. In a separate passage, Smith…
Adam Smith And Joseph Campbell On The Dangers Of “The Man Of System”
John Oliver goes after Bari Weiss and CBS News
22 Dec 2025 Leave a comment
in industrial organisation, liberalism, Marxist economics, politics - USA, television, TV shows Tags: media bias
A reader sent me a video-containing email with the header “John Oliver destroys Bari Weiss”, with the message below saying, “Somebody had to do it.” Well, yes, somebody should criticize the Free Press, which is becoming, in my view, more political (right-centrist) and less full of news. And even news stories aren’t really written by…
John Oliver goes after Bari Weiss and CBS News
Is very clear Tamihere is the true leader of Te Pāti Māori
22 Dec 2025 Leave a comment
The Post reports: Indeed, she says in her sworn affidavit that Tamihere had been chairing the weekly caucus meetings of MPs in Parliament since September. And it was he who sent Kapa-Kingi an ‘ultimatum’ on her overspending that sent the simmering issue into overdrive. To have the party president chair caucus instead of the leader…
Is very clear Tamihere is the true leader of Te Pāti Māori
Rent Control Creates Ghost Apartments
22 Dec 2025 Leave a comment
in applied price theory, econometerics, economic history, economics of regulation, law and economics, politics - USA, property rights, urban economics Tags: rent control
Adam Lehodey writing at City Journal: In New York City, making a profit on real estate has become increasingly difficult. Rent-stabilization laws built on the mantra that “housing is a human right,” a dysfunctional housing court, and myriad other interventions have driven thousands of units off the market, giving rise to the phenomenon of New York’s “ghost…
Rent Control Creates Ghost Apartments
The chess culture that is India
22 Dec 2025 Leave a comment
in chess
Sarwagya Singh Kushwaha has become the youngest player in chess history to earn an official FIDE rating at the age of three years, seven months and 20 days. Born in 2022, Sarwagya — from Sagar in the central Indian state of Madhya Pradesh — has been rated by FIDE, the international governing body of chess,…
The chess culture that is India
EU abandons petrol car ban
21 Dec 2025 Leave a comment
in economics of climate change, economics of regulation, energy economics, environmental economics, environmentalism, global warming, transport economics
By Paul Homewood This confirms the rumours: From the Telegraph: The European Union has abandoned plans to ban the sale of new petrol and diesel cars by 2035, bowing to pressure from Germany and Italy.
EU abandons petrol car ban
Kathleen Stock on female genital mutilation, cultural relativism, and a recent (odious) paper in The Journal of Medical Ethics
21 Dec 2025 Leave a comment
in discrimination, economics of crime, economics of education, gender, law and economics, liberalism, Marxist economics Tags: sex discrimination
Over at UnHerd, philosopher Kathleen Stock, formerly of the University of Sussex, critiques a paper in The Journal of Medical Ethics that I discussed recently, a paper you can read by clicking below. (You may remember that Stock, an OBE, was forced to resign from Sussex after she was demonized for her views on gender…
Kathleen Stock on female genital mutilation, cultural relativism, and a recent (odious) paper in The Journal of Medical Ethics
My first AI op-ed summary
21 Dec 2025 Leave a comment
in applied price theory, discrimination, economics of education, economics of information, entrepreneurship, gender, human capital, labour economics, labour supply, politics - New Zealand Tags: gender wage gap
The Wind Energy Paradox: “Why More Wind Turbines Don’t Always Mean More Power”
20 Dec 2025 1 Comment
in energy economics Tags: Germany, wind power
The Munich-based daily Merkur is finally reporting on something that sus keptics have been pointing out some 20 years: Wind turbines always either produce too little or too much, and are thus uneconomical and unreliable. Image: Vernunftkraft.de In a recent insightful interview with Merkur.de, Prof. Dr. Sigismund Kobe, a renowned physicist from the TU Dresden,…
The Wind Energy Paradox: “Why More Wind Turbines Don’t Always Mean More Power”
Ask not what economics can do for sports; ask what sports can do for economics
20 Dec 2025 Leave a comment
in applied price theory, econometerics, history of economic thought, sports economics
Regular readers of this blog will know that I enjoy blogging about research that uses a sports setting to illustrate economic concepts (except when the research is terrible). Sport makes for an interesting setting for testing economic theories. The rules are known. The incentives are usually clear. The outcomes are usually unambiguous. Other real-world settings…
Ask not what economics can do for sports; ask what sports can do for economics
Stop Slaying the Strawman Case Against Tariffs
19 Dec 2025 Leave a comment
in applied price theory, applied welfare economics, international economics, politics - USA Tags: free trade, tariffs
TweetHere’s a letter to a new correspondent. Mr. W__: Because I read the Wall Street Journal avidly, I was familiar, before you sent it, with its report titled “Why Everyone Got Trump’s Tariffs Wrong.” Nevertheless, thanks for your email in which you suggest that this report should prompt me to humbly reassess what you call…
Stop Slaying the Strawman Case Against Tariffs
Lessons from Brexit
19 Dec 2025 Leave a comment
in applied price theory, applied welfare economics, comparative institutional analysis, constitutional political economy, economic growth, international economic law, international economics, macroeconomics Tags: British politics, economics of customs unions, free trade, tariffs
How we connect economically with the world is critical. Brian Easton writes – The British Labour Government is struggling. Partly it is because they were badly prepared in opposition: the Conservative Government was making such a charlie of itself that Labour expected that it would do better and gave little thought as to how it […]
Lessons from Brexit
Blood in the Snow: The Malmédy Massacre
19 Dec 2025 Leave a comment
in defence economics, laws of war, war and peace Tags: World War II
The Malmédy Massacre: A Tragedy of War and the Story of Survival The Malmédy Massacre, which occurred during the Battle of the Bulge on December 17, 1944, stands as one of the most heinous war crimes committed by German forces during World War II. This event, marked by the ruthless execution of unarmed American prisoners […]
Blood in the Snow: The Malmédy Massacre
“Progressives” appear to whitewash female genital mutilation
18 Dec 2025 Leave a comment
in discrimination, economics of crime, gender, health economics, law and economics, liberalism, Marxist economics Tags: political correctness, regressive left, sex discrimination
This is an example of how horrible cultural practices are excused—or made to seem less harmful—by “progressives” (read “the woke”) when they’re characteristic of minority groups. In this case the practice is one of the cruelest and most misogynistic forms of behavior around—female genital mutilation (FGM), especially in its most damaging form, infibulation (there are…
“Progressives” appear to whitewash female genital mutilation
Utopia, you are standing in it! 
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