From Modeling Monetary Economies Bruce Champ, Scott Freeman, Joseph Haslag

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Patient choice saves lives

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Human Rights? In New Zealand? 😆😆😆😆😆😆

No Minister

It seems that some people are getting very upset about the “traffic light” legislation currently being rammed through under urgency by the government.

This is David Farrar’s take over at Kiwiblog:

Ramming massive human rights legislation through Parliament under urgency

This legislation will make some citizens, second class. They will have fewer rights than other citizens. Such a law should not be rushed through under urgency. Labour will not even be allowing a single New Zealander to submit on this law, despite the fact it will take basic rights away from several hundred thousand Kiwis. Even if you support the law, you should be appalled at this abuse of process.

Oh Pffft….

Even if you support the law”. That, right there, is the National-ACT dilemma. This was always going to be the natural result of supporting the idea of vaccine mandates and passports. It was signalled ages ago by…

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Will Brexit really shrink the UK economy by 4 per cent?

Plain-speaking Economics

“Now it’s official. The Government’s own fiscal watchdog has confirmed that Brexit will shrink the UK economy by 4pc, costing the average household thousands of pounds.”

This is how many are interpreting the latest analysis by the independent Office for Budget Responsibility (OBR), which was published alongside the October Budget.

This analysis seems to be like catnip for many Remainers, who still cite it at every opportunity.

In short, the OBR has assumed that the UK’s departure from the EU will reduce UK productivity, and therefore GDP per capita, by 4pc over the longer term. Most commentators have just taken this number as fact, and few have bothered to dig into the details. Allow me to have a go.

To begin with, the 4pc figure is hardly new. It has been the OBR’s “working assumption” ever since the EU referendum in 2016.

Nor is much of it original work. The…

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Macroeconomic thought after the GFC

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November 17, 1558: Death of Queen Mary I of England and Ireland

European Royal History

Mary I (February 18, 1516 – November 17, 1558), also known as Mary Tudor, and as “Bloody Mary” by her Protestant opponents, was Queen of England and Ireland from July 1553 until her death in 1558. She is best known for her vigorous attempt to reverse the English Reformation, which had begun during the reign of her father, Henry VIII. Her attempt to restore to the Church the property confiscated in the previous two reigns was largely thwarted by Parliament, but during her five-year reign, Mary had over 280 religious dissenters burned at the stake in the Marian persecutions.

Mary was born on February 18, 1516 at the Palace of Placentia in Greenwich, England. She was the only child of King Henry VIII and his first wife Catherine of Aragon to survive infancy. Her mother had suffered many miscarriages. Before Mary’s birth, four previous pregnancies had resulted in a stillborn…

View original post 623 more words

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Patient choice saves lives

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It will be a good day when Judith Curry is better known than Greta Thunberg

Point of Order

The world climate revival meeting in Glasgow ended with Alok Sharma (the UK’s minister to COP26, as well as the presiding chief priest) in tears over a last minute word change.  The countries which have built more coal fired capacity, more quickly, than just about anyone else in history (that’s you China and India) would only agree to phase its use “down”, rather than “out”.

Despite the (quite literal) imprecations of hellfire, the only truly substantive outcome of the conference may be the Chinese government’s practical suggestion that the world should aim for a global temperature increase of 2°.  (Bill Gates also chipped in some climate realism, noting that 1.5° was probably unachievable.)

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#COVID19 #OTD

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Freeman and Champ on the Asian financial crisis

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Recovering socialist James Buchanan on eating the rich

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Single best critic of a Monetary History

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Inconvenient macroeconomic truths

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Econ101 is unsafe for socialists

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Is inflation always and everywhere a monetary phenomenon?

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