Celebrating humanity's flourishing through the spread of capitalism and the rule of law
16 Dec 2025 Leave a comment
in budget deficits, economic growth, fiscal policy, labour economics, labour supply, macroeconomics, public economics Tags: ageing society, European Union, population bust
If you want to know why I’m pessimistic about Europe (particularly compared to the U.S.), this chart is a good example. It shows that many European nations have enormous long-run liabilities for their Social Security systems. It’s an understatement to observe that Spain, Austria, and Italy have very grim fiscal futures. Keep in mind that […]
Europe’s Grim Fiscal Future
14 Nov 2025 Leave a comment
in economic growth, economic history, macroeconomics Tags: European Union
The Constitution of Innovation The continent faces two options. By the middle of this century, it could follow the path of Argentina: its enormous prosperity a distant memory; its welfare states bankrupt and its pensions unpayable; its politics stuck between extremes that mortgage the future to save themselves in the present; and its brightest gone…
Europe at a crossroad
17 Sep 2025 Leave a comment
in applied price theory, economic growth, economic history, economics of regulation, labour economics, labour supply, macroeconomics, Public Choice, rentseeking Tags: European Union
I put a lot of focus on “convergence” and “divergence” because economic theory says rich countries should not grow faster than poor countries. So when there are examples of divergence, especially when looking at decades of data, we can learn very important lessons about economic policy. Those lessons, in every single case, teach us that […]
The United States vs. Europe, Part IV
23 Aug 2025 Leave a comment
in applied price theory, economic growth, labour economics, labour supply, macroeconomics Tags: European Union
WSJ: Europe is Losing Europeans live longer, have more leisure time and less income inequality, and often live in stunning cities and towns built over the centuries. But increasingly, Americans enjoy a higher standard of living. They have over 50% more living space on average per person. More than four in five Americans have air…
Why is Europe Falling Behind?
02 Jun 2025 Leave a comment
in budget deficits, business cycles, currency unions, Euro crisis, fiscal policy, global financial crisis (GFC), great recession, history of economic thought, international economic law, international economics, macroeconomics, monetarism, monetary economics, Public Choice Tags: European Union
That is the new book by John H. Cochrane, Luis Garicano, and Klaus Masuch, and the subtitle is Challenges, Evolution, and Future of the Euro. Excerpt: Our main theme is not actions taken in crises, but that member states and EU institutions did not clean up between crises. They did not reestablish a sustainable framework […]
*Crisis Cycle*
25 May 2025 1 Comment
in applied price theory, economics of regulation, industrial organisation, international economics Tags: European Union
The IMF puts the hidden cost of trading goods inside the EU at the equivalent of a 45% tariff. For services the figure climbs to 110%, higher than Trump’s “Liberation day” tariffs on Chinese imports—measures many saw as a near-embargo. These barriers are not direct taxes. Instead, a construction company might find its building materials or plans, […]
Trade sentences to ponder
16 May 2025 Leave a comment
in applied price theory, economic growth, economic history, macroeconomics Tags: European Union
There’s an enormous amount of data showing that people in the United States enjoy much higher livings standards than Europeans. That’s not too surprising since most European governments have adopted large-sized welfare states while Americans are (comparatively!) lucky in that we have a medium-sized welfare state. That’s all very straightforward and uncontroversial. What’s not completely […]
Calculating America’s Lead over Europe
17 Feb 2025 Leave a comment
in economics of climate change, energy economics, environmental economics, environmentalism, global warming Tags: British politics, climate activists, European Union, solar power, wind power
The American version of the Green New Deal included some subsidies for inefficient wind and solar, but it was largely just a marketing gimmick for a big expansion in the burden of government (everything from Medicare for All to student loan bailouts). The European version, by contrast, has been more focused on making energy more […]
Europe’s Suicidal Green New Deal
04 Feb 2025 1 Comment
in applied price theory, Austrian economics, comparative institutional analysis, economic growth, economics of bureaucracy, economics of regulation, entrepreneurship, environmental economics, financial economics, industrial organisation, international economics, labour economics, labour supply, law and economics, liberalism, macroeconomics, Marxist economics, property rights, Public Choice, public economics, rentseeking, survivor principle, theory of the firm Tags: employment law, European Union
I have a special page for humor involving Europe, but I have not added to it since sharing some Brexit humor in 2016. Let’s being the process of catching up with some amusing cartoons and memes mocking our government-loving cousins on the other side of the Atlantic Ocean. I’ve made the serious point that bureaucrats […]
Mocking European Statism
30 Apr 2024 Leave a comment
in energy economics, environmental economics, environmentalism, global warming, transport economics, urban economics Tags: electric cars, European Union
Sales of electric cars have stalled despite Europe’s plans to ban the sale of new internal combustion engine cars by 2035.
Electric car demand plunges across Europe
15 Apr 2024 Leave a comment
in energy economics, environmental economics, global warming Tags: European Union
By Paul Homewood h/t Dennis Ambler The EU is going to plough on with Net Zero insanity, regardless of the cost: The EU is looking to front-load massive anticipatory investments into its energy infrastructure, shifting risk from industry to consumers and risking a landscape with unneeded or under-used pylons. Amid its green transition, […]
EU To Spend Trillions On Net Zero Grid Expansion
21 Mar 2024 Leave a comment
in energy economics, environmental economics, global warming, Public Choice, rentseeking Tags: European Union, solar power, wind power
Wind power acolytes exhibit all the hallmarks of a cult. 20 years on, and anyone with critical faculties can explain in a sentence why wind power will never amount to meaningful power generation source. But the cultist still believes – running on a mix of blind faith, ignorance and blissful stupidity. Cults are never big […]
Europe’s Wind Industry Collapse Leaves Wind Power Cult Searching For New False Idols
20 Feb 2024 Leave a comment
in constitutional political economy, currency unions, economic history, law and economics, macroeconomics Tags: British constitutional law, British politics, European Union
The upheaval of the UK constitution from 2016 onwards has been associated with a host of individuals, from David Cameron to Boris Johnson to Dominic Cummings, who have received the significant bulk of academic attention in recent years. And yet, another individual has had a substantial impact upon the UK constitution during this time: Nigel […]
Brian Christopher Jones: Nigel Farage and the UK Constitution
13 Feb 2024 Leave a comment
in energy economics, environmental economics, global warming Tags: European Union
Industrial electricity use in the EU is collapsing. US policymakers “Have no excuse for not looking at Europe and learning.”
The Deindustrialization of Europe in Five Charts
05 Feb 2024 Leave a comment
in energy economics, environmental economics, global warming, industrial organisation, survivor principle Tags: European Union, solar power
By Paul Homewood h/t Dennis Ambler New Green Jobs Update! BRUSSELS — The European Commission is in early-stage talks on emergency measures to buoy drowning EU solar manufacturers who say Chinese subsidies are suffocating the industry, according to two people familiar with the matter. On Monday, the Commission will make a […]
EU mulls emergency aid for collapsing solar producers
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