Save the oceans – stop recycling plastic @greenpeace


4 Ways Economists Think We’re All Wrong – Econ Chronicles – Learn Liberty

Public Opinion for Libertarians – Bryan Caplan (2010)

The politically clueless consider themselves particularly well informed

50% of @PaulineHansonOz @OneNationAus votes come from @AustralianLabor voters

How can Pauline Hanson be an extreme right-winger if half of her votes come from people who 2nd preference the Australian Labour Party? This strong support for her populism has been well-known since she won the safest Labour Party seed in Queensland in the 1996 Australian Federal Election but is hardly ever mentioned by the media or her critics.


Source: Antony Green’s Election Blog: Preference Flows at the 2016 Federal Election.

It should be therefore no surprise that a lot of her views have popular support because she has support across the political spectrum. Not knowing that will means you will be not very good at combating her views which you simply do not understand where they come from.

Few of her supporters see themselves as extremists and will be insulted when you suggest they are. Listen here dummy is no way to win back votes of people who just voted for you recently.

Hanson’s support among Labour voters is increasing. Only 42% of her voters gave their 2nd preference to Labour in previous federal elections for the House of Representatives.

.@NZGreens do not understand business: minimum wage for contractors version

The Greens are most upset that a Labour party private members bill to specify a minimum wage for contractors was voted down by one vote in parliament yesterday.

If you earn than the minimum wage as a contractor, that is a signal wrapped in an incentive. Your poor hourly earnings is a signal to you that maybe you should get out of that contracting business and go back to being an employee where you will be paid at least the minimum wage.

Many small businesses make no profits at all in the first year or so as they build the business. The founders of the business get by on savings, which they anticipated when they drew up their business plan. No one expects a business to make an immediate profit or always be profitable.

Contractors are entrepreneurs chancing their arm. They need crisp signals about whether they are succeeding, failing or could succeed if they try harder or do something different. A minimum wage for contractors masks those important market signals of success and failure.

If your dream of owning your own business is not even paying the minimum wage, maybe it is time to get out of the contracting business.

Democracy and Political Ignorance: Why Smaller Government Is Smarter

NZ #UBI can be only $4,700 @JordNZ @GrantRobertson1 @GeoffSimmonz

A universal basic income in New Zealand will have to be financed by a great big new tax because the existing ones are not enough according to the Economist calculations below.


HT: Paul Kerby.

$5.2 billion in rail spending since 2003 budget @JulieAnneGenter @JordNZ

$5.2 billion in rail spending since the 2003 budget! This $5.2 billion does not include any spending on urban rail, commuter train networks or their electrification. The $5.2 billion since the 2003 budget is for the passenger and freight network, not the urban metro contracts


Source: New Zealand Budget Papers, various years.

Desperately waiting for that dividend the taxpayers lose if any of these assets are privatised. The spending listed below in the two charts includes loans, capital injections and the purchase of the track and of the train operator itself. The latter was purchased for $690 million which was soon written down to zero.


Source: New Zealand Budget Papers, various years.

There is no table because the table format breaks down when blogged.

At various times, OnTrack and KiwiRail was subsidiaries of the New Zealand Railways Corporation, which was the holding company. Now OnTrack is a division of KiwiRail.