Donald Trump explained
27 Jun 2015 Leave a comment
in international economic law, international economics, politics - USA, Public Choice, rentseeking Tags: 2016 presidential election, antiforeign bias, antimarket bias, crony capitalism, Donald Trump, expressive voting, left-wing populists, populists, right-wing populists
More heat than light in the recent inequality debate
26 Jun 2015 1 Comment
The rise in articles about inequality in NZ sure doesn't match the data on inequality.
youtube.com/watch?v=uCT7aE… http://t.co/z2eWKgXJiL—
Eric Crampton (@EricCrampton) June 26, 2015
More minimum wage job replacement units spotted
26 Jun 2015 Leave a comment
in industrial organisation, labour economics, labour supply, minimum wage, survivor principle, unions Tags: antimarket bias, creative destruction, expressive voting, technological unemployment
Millennials’ Political Views Don’t Make Any Sense
22 Jun 2015 Leave a comment
in applied price theory, comparative institutional analysis, constitutional political economy, economics of information, economics of media and culture, income redistribution, politics - USA, Public Choice, rentseeking Tags: antiforeign bias, antimarket bias, expressive voting, make-work bias, rational ignorance, rational irrationality, voter demographics
Millennial politics is simple, really. Young people support big government, unless it costs any more money. They’re for smaller government, unless budget cuts scratch a program they’ve heard of. They’d like Washington to fix everything, just so long as it doesn’t run anything.
Young people lean way left on issues like gay marriage, pot, and immigration. On abortion and gun control, they swim closer to the rest of the electorate.
But on economics, they’re all over the map. You get the sense, reading the Reason Foundation and Pew studies, that a savvy pollster could trick a young person into supporting basically any economic policy in the world with the right combination of triggers. Conservative and liberal partisans can cherry-pick this survey to paint Millennials as whatever ideology they want.
On spending:
Conservatives can say: 65 percent of Millennials would like to cut spending.
Liberals can say: 62 percent would like to spend more on infrastructure and jobs.On taxes:
Conservatives can say: 58 percent of Millennials want to cut taxes overall.
Liberals can say: 66 percent want to raise taxes on the wealthy.On government’s role in our lives:
Conservatives can say: 66 percent of Millennials say that “when something is funded by the government, it is usually inefficient and wasteful.”
Liberals can say: More than two-thirds think the government should guarantee food, shelter, and a living wage.On government size:
Conservatives can say: 57 percent want smaller government with fewer services (if you mention the magic word “taxes”).
Liberals can say: 54 percent want larger government with more services (if you don’t mention “taxes”).
via Millennials’ Political Views Don’t Make Any Sense – The Atlantic and This poll proves that millennials have totally incoherent political views – Vox.
The difference between tariffs and quotas
18 Jun 2015 Leave a comment
in applied price theory, applied welfare economics, industrial organisation, international economics Tags: antimarket bias, import competition, international trade, protectionism, quotas, tariffs
What’s the difference between #tariffs and #quotas? Let’s find out buff.ly/1FS7QkZ http://t.co/hsx2VVG5e6—
MRUniversity (@MRevUniversity) May 30, 2015
Every 20 years we worry about losing jobs to technology
17 Jun 2015 Leave a comment
in economics of education, entrepreneurship, human capital, industrial organisation, labour economics, labour supply, occupational choice, Public Choice, rentseeking, survivor principle Tags: antimarket bias, creative distraction, expressive voting, make-work bias, rational ignorance, rational irrationality, technological unemployment
Every 20 years we worry about losing jobs to tech. books.google.com/ngrams/graph?c… http://t.co/KW47Iwzsp9—
James Bessen (@JamesBessen) August 10, 2014
Mises on why economics analysis is so unpopular
14 Jun 2015 Leave a comment
in applied price theory, applied welfare economics, comparative institutional analysis, constitutional political economy, economics of bureaucracy, income redistribution, Ludwig von Mises, Public Choice, rentseeking Tags: antiforeign bias, antimarket bias, expressive voting, green rent seeking, makework bias, NIMBYs, rational ignorance, rational irrationality
The scourge of lower prices illustrated
12 Jun 2015 Leave a comment
in applied price theory, applied welfare economics, industrial organisation, international economics, survivor principle Tags: antimarket bias, competition in monopoly, globalisation, import competition, import parity pricing, international trade, The meaning of competition
Utopia, you are standing in it! 
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