Tag Archives: The pretence to knowledge

Central planning on steroids

Advertisements

Energy efficiency investments are inefficient

Robert Lucas on the utopianism of most economic advisors

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.

image

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