In my post Affordable Housing is Almost Pointless, I highlighted how point systems for awarding tax credits prioritize DEI, environmental features, energy efficiency, and other secondary goals far more than low cost. A near-comic example comes from D.C., where so-called affordable housing units now cost between $800,000 and $1.3 million dollars each! One such unit […]
Very Expensive Affordable Housing
Very Expensive Affordable Housing
10 Jun 2025 1 Comment
in applied price theory, economics of regulation, law and economics, politics - USA, property rights, urban economics Tags: housing affordability, offsetting behavior, The fatal conceit, unintended consequences
Fauci Didn’t Test
09 Jun 2024 Leave a comment
in applied welfare economics, economics of regulation, health economics, politics - USA Tags: economics of pandemics, The fatal conceit, unintended consequences
I am not a Fauci hater but I think this criticism of Facui from epidemiologist and oncologist Vinay Prasad hits the mark: Lockdown was specifically advocated for by Anthony Fauci (‘15 days to stop the spread’/ ‘hunker down’/ ‘shelter in place’), and Fauci would go on to make hundreds of other specific policy recommendations. Although he initially […]
Fauci Didn’t Test
The RCT Agenda
12 Mar 2024 Leave a comment
in applied price theory, applied welfare economics, comparative institutional analysis, development economics, econometerics, economic history, economics of bureaucracy, economics of education, economics of information, economics of regulation, experimental economics, growth disasters, growth miracles, history of economic thought, human capital, labour economics, labour supply, law and economics, managerial economics, market efficiency, Marxist economics, occupational choice, organisational economics, property rights, Public Choice, public economics Tags: The fatal conceit
Randomized Controlled Trials: Could you be any more scientific? The book I’m now writing, Unbeatable: The Brutally Honest Case for Free Markets, insists that the randomistas of the economics profession actually have a thinly-veiled political agenda. Namely: To get economists to humbly serve the demagogues that rule the world instead of bluntly challenging their unabated…
The RCT Agenda
On price control
25 Feb 2024 Leave a comment
in applied price theory, comparative institutional analysis, economic history, economics of bureaucracy, energy economics, environmental economics, global warming, income redistribution, industrial organisation, Public Choice, rentseeking Tags: price controls, The fatal conceit, unintended consequences, utility regulation
CHRIS TROTTER: Are you a leftist?
10 Feb 2024 Leave a comment
in constitutional political economy, law and economics, liberalism, Marxist economics, politics - Australia, politics - New Zealand, politics - USA Tags: free speech, political correctness, regressive left, The fatal conceit, unintended consequences
Chris Trotter writes – THERE WAS A TIME when a leftist’s definition of “leftism” corresponded pretty closely to everybody else’s definition. The term identified a coherent worldview – to the point where knowing where someone stood on one issue enabled them to predict with surprising accuracy where they stood on a host of others. If […]
CHRIS TROTTER: Are you a leftist?
Offsetting behavior
21 Apr 2023 Leave a comment
in economic history, economics of crime, economics of regulation, law and economics Tags: economics of prohibition, offsetting behavior, The fatal conceit, unintended consequences
Population bombs
07 Feb 2023 Leave a comment
in development economics, economic history, labour economics, labour supply, population economics Tags: ageing population, China, India, population bomb, The fatal conceit
fb://photo/5756323937813370?set=a.168793176566502&sfnsn=mo&mibextid=6aamW6
#endoil
31 Oct 2022 Leave a comment
in energy economics, environmental economics, global warming Tags: The fatal conceit
Milton Friedman on Hayek’s “Road to Serfdom” 1994 Interview 1 of 2
13 Aug 2022 Leave a comment
in Austrian economics, comparative institutional analysis, constitutional political economy, economics of bureaucracy, F.A. Hayek, law and economics, Milton Friedman, Public Choice Tags: The fatal conceit
Create a Black Market the Easy Way!
20 May 2022 Leave a comment
in applied price theory, applied welfare economics, comparative institutional analysis, economic history, economics of natural disasters, economics of regulation Tags: offsetting behaviour, price controls, The fatal conceit, unintended consequences
David Friedman: Law, Economics and Liberty
18 May 2022 Leave a comment
in applied price theory, applied welfare economics, comparative institutional analysis, constitutional political economy, David Friedman, defence economics, economics of bureaucracy, economics of crime, history of economic thought, income redistribution, law and economics, liberalism, libertarianism, property rights, Public Choice, rentseeking Tags: economics of pandemics, offsetting behaviour, The fatal conceit, unintended consequences
Always worth remembering
03 Apr 2022 Leave a comment
in F.A. Hayek Tags: offsetting behaviour, The fatal conceit, unintended consequences
Utopia, you are standing in it! 
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