Adam Smith and the Follies of Central Planning

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Dr Mark Pennington – ‘Robust Political Economy’

% of New Zealand mortgages that were fixed and floating since 2004

Despite the best efforts of the libertarian paternalists to sell the other people are stupid fallacy, ordinary New Zealanders are quite nimble at moving between fixed and floating rates depending upon their forecasts of the future of interest rates. Price controls on floating rate mortgages, as suggested by the New Zealand Labour Party, would make this more difficult, not easier.

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Source: S8 Banks: Mortgage lending ($m) – Reserve Bank of New Zealand.

Is sociology really irrelevant in policy debates?

Does the minimum wage increase unemployment?

https://twitter.com/MiltonFriedmanS/status/630956276554444800/photo/1

Minimum wage scenarios across the OECD

The economics of trophy hunting