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Coming Second and Third Order Effects of Cheap Oil

After raising electricity tariffs in early 2014, took advantage of lower energy prices in the second half of 2014 to reduce and ultimately remove remaining gasoline and diesel subsidies.

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Politics

The Not So Noticeable (But Noxious) Consequences of Imposing Minimum Wages

With the recent plans to raise the minimum wage in New York, and the proposal to have a higher minimum wage exclusively for London, it is important, once again, to question the efficiency of these kind of policies. 640 more words

Free Markets

Economics Lesson: Income Inequality

French economist Thomas Piketty’s bestselling book on wealth inequality, “Capital in the Twenty-First Century,” has become the focus of a debate over increasing income inequality in the US and many other countries. 919 more words

Economics

Presidents Bush and Obama

For some reason this hasn’t been much reported on:

The TARP legislation included specific instructions to use a section of the funds to prevent foreclosures. Without that language, TARP would not have passed; Democratic lawmakers who helped defeat TARP on its first vote…

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Politics

France and the Front National: The End of Liberty ?

The scene takes place in Jarny, a mining town of 8400 souls 190 miles east of Paris.

Standing in a crowd of Messrs. and Mmes. Smith gathered around the monotonous city hall to listen to the National Front’s local representative, one easily grasps the reasons behind Marine Le Pen’s success. 572 more words

Free Markets

If Poor Nations Want Economic Convergence and Capital Accumulation, They Need Good Policy

There’s a “convergence” theory in economics that suggests, over time, that “poor nations should catch up with rich nations.”

But in the real world, that seems to be the exception rather than the rule. 689 more words

Economics

Human Achievement, Comfort and Joyl

2015’s Human Achievement Hour (HAH) starts at 8:30 p.m. on Saturday, March 28. That’s tomorrow night! It starts at 8:30  p.m. in every time zone, so it’s a… 623 more words

Matt Ridley