Public Policy
Counter-cyclical demand watch #1
So we’re in a recession, and in a recession people tend to buy less of most everything. That is unless you’re dealing with inferior goods. So what’s been shown to be economic inferior goods lately?
Pasta. From a post to Curious Capitalist you can learn about the Pasta Index and the currently fabulous fortunes of the [...]
Alberta government continues with vague economic pronouncements
From the Canadian Press comes the announcement that the Alberta Government feels that it has the oilsands problem figured, since they announced that they have a 20 year plan. Directly from the Canadian Press:
The report says the energy industry should be required “to use best available technology” that is “economically achievable.” The fine print doesn’t [...]
Half or double - Alberta government employee salaries
Straight out of See, comes an article describing expectations for the new sitting of the Alberta Legislature. Tucked in near the bottom of the article is a paragraph describing a move by Harry Chase:
Social Workers: Harry Chase, the Liberal MLA for Calgary-Varsity, is calling for a review of the wages for social workers or other [...]
White guys do not look all alike…
Catching up child development and behaviour related articles that I’ve seen and read over the past few weeks.
A study was recently published by Sophie Labrecht, Lara J. Pierce, Michael J. Tarr and, James W. Tanaka, from Brown University and the University entitled “Perceptual Other-Race Training Reduces Implicit Racial Bias“. The team attempted to:
…examine the relationship [...]
Thailand training tax incentives and unintended consequences
Recently in Thailand they passed an amendment to the tax code that I received as a note from our Smiling Albino accountant. In that note they said:
Please also note, that in line with Government Policy, with regard to educational seminars, you are entitled to deduct 200% as a company expense.
My gut said that it was [...]
Alberta Gov’t incentive “plan” sounds economically illiterate
As many of you know, there has been lots of recent discussion about Alberta’s competitive advantage compared to other regimes in the Western Canadian Sedimentary Basic (WCSB), and other jurisdictions. Recently, a few reports have suggested that Alberta is the highest cost region in the highest cost basin in the world right now. There are [...]
Adam Smith’s Lost Legacy
If you have any interest in the writings of Adam Smith and see his name and works seemingly quoted in the press, you really should take a peak at Adam Smith’s Lost Legacy. Gavin Kennedy, a prof out of the UK, does an excellent job deconstructing and critically evaluating the general misuse, misunderstanding and misquoting [...]
Top 5 things I’d like to see Obama do
These are more pet issues that the world saving ideas that top other lists, but they’d make a significant difference in America and in it’s sphere of influence.
1. Trade with Cuba
The trade embargo has allowed a despot to drive his country into abject poverty, and kill thousands. Trade will increase - and would have increased [...]
Why the federal budget is poorly conceived…
Ok, ok, ok. I know it’s late and this topic has been pundited to death, but I figured I should throw my two dollars in here.
The Canadian Federal Government recently (last week) brought down the new budget. In it there seemed to be something for everyone, and like in the US it’ll take us, federally, [...]
Alberta royalties miss the point…
While there are a variety of other issues at play it seems that the Fair Share plan, since changed to the New Royalty Framework and most recently rebadged as the Alberta Royalty Framework, isn’t doing much to improve the prospects of the oil industry.
It’s like no-one pictured oil at less than $50/bbl when the Stelmach [...]
Children and early schooling effects
A couple of articles from the Berkley Electronic Press present some narrow but interesting things about child development.
Maria D. Fitzpatrick suggests:
For disadvantaged children residing in small towns and rural areas, Universal Pre-K availability increases both reading and mathematics test scores at fourth grade as well as the probability of students being on-grade for their age.
But [...]
Holiday medical myths
An article posted on the BMJ site clears up a few myths peripherally related to the holidays, including:
Sugar causes hyperactivity in children
Suicides increase over the holidays
Poinsettia toxicity
Excess heat loss in the hatless
The first I’ve known for a while, but it’s refreshing to have a few more tidbits available for debate when the need arises.
In a [...]
All the financial crisis blather is making economics reading boring…
We need more challenging and entertaining stuff like these (mostly from the recent AEA conference):
Dwight R Lee’s article entitled Should Government Reduce Inequality in Life Spans? with such swell quotes as:
Government transfers to reduce the gender gap in life expectancy would do little more than reduce improvements in both women’s and men’s life expectancies. For [...]
Surprise! More competition serves consumers…
From a paper entitled How does access regulation affect broadband penetration?, the authors do a study trying to determine the type of regulation that provides for the highest acceptance of broadband internet access.
They compare three regulatory regime styles that in turn allow for:
single technology where resellers sell the same thing
single technology where resellers also can [...]
Madoff’s con won’t be fixed by regulations…
…only by improved personal responsibility.
To put things very simply, it wasn’t a lack of regulations that let Madoff run his scheme for as long as he did.
What allowed him to evade prosecution by current laws was merely a lack of due dilligence on the part of the investors in his “fund”. While most investments take [...]
US still hates gays…
In an unsurprising - and selfish - move the United States has decided that it should still have to right to criminalize the mere existence of homosexuality. The reason the US delegation put forward for not supporting the declaration is that as the federal government they are not legally aloud to contravene laws of individual [...]
More clueless bureaucrats in the UK
Given the recent lack of posts making fun of UK bureacrats I’ve decided to do an omnibus edition to catch up. Here is a round up of pettiness from the past two weeks.
The Hampshire County Council decided that the tinsel adorning the stop sign of a lollipop man should be removed in case it distracts [...]
Terrorism and lessons from Dubai
Short post since all the good content is on Bruce Schneier’s site.
In the latest Cryptogram, Bruce Schneier puts together 3 short articles on things we should keep in mind after the terror attacks in Mumbai. My favorites are:
Low-tech is very effective. Movie-plot threats — terrorists with crop dusters, terrorists with biological agents, terrorists targeting our [...]
New Toronto trash service offers higher incentive to cheat
In caring, kind Toronto, if you want your garbage picked up, you need to place it in city mandated grey bins or you need to have it labelled with city-issued garbage tags. If neither of these is done, you can’t expect your trash to be collected. Additionally home owners must pay according to the volume [...]
Marking with red is aggressive
Queensland state government has published educational changes that pointedly suggest marking with red pen is aggressive and may harm the fragile egos of children. In addition to marking with more subdued colours, such as blue or black (likely to be culled for racist overtones), the guide also includes mandated peer reviewing and tutoring - of [...]
Alberta Liberals marginalize themselves for another 5 years
The results are in. The Alberta Liberal Party (ALP) has again chosen to be sidelined in Alberta politics with the recent selection of Dr. David Swann as the new party leader. A real opportunity was lost by not selecting his primary opponent Dave Taylor whose passion is to bring the party more to the centre [...]
UK: Welcome mats are health and safety risk
A recent Telegraph story tells of the local council in Gosport deciding that residents of council flats who have welcome mats outside their doors are quite possibly causing safety problems. Not only this, but some renters have been threatened with legal action if they don’t remove the mats. This was opposed by some senior local [...]
Disincenting everyone is a poor policy idea
I stumbled across this book by Daniel Raventos distributed by the University of Michigan Press. In it Mr. Raventos suggests that everyone should have, freely available, a subsistence income with no strings attached. He supports this idea with these perceived benefits:
Anyone could opt out of employment at any time. Those with few skills would no [...]
Followup to Federal Fiasco - my feelings
Since I’ve been a bit slack on my posts this past week, I missed following up on my political disaster review of last week with an entertaining and engaging blow-by-blow. Since I wrote previously, things happened roughly in this order - focusing on how generally inept Dion has handled this thing from the beginning.
Both McKenna [...]
Pay the fine before you light up inside
In Holland where the laws are much nicer to pot than to cigarettes, some bars that illegally still allow smoking have resorted to asking for a cover charge to defray eventual fines. It’s not only an interesting way to make a statement about laws that affect property rights it’s a solid economic move as well, [...]
Public schools are a must unless you’re rich
TSC points out that left-of-centre Obama is sending his kids to a private school instead of a public one. While this may be surprising to some, most left-leaning politicians with enough cash send their kids to private schools while stridently opposing anything resembling a voucher system.
This is true of most aspects of enforced public funding, [...]
Clamp down on petty infractions, but not if it’s an MP
As the CSM suggests, all the zero-tolerance, petty bureaucrats in the UK are allowed to push the citizens around, as long as it doesn’t begin to affect the lifestyles of British MPs.
Counterterrorism unit,
Officers didn’t just search the home of [MP] Damian Green – they arrested him, raided his office, and detained him for nine hours [...]
Good teeth help women in the labour market
Sherry Glied and Matthew Neidell attempt to show in a recent paper that having good teeth is an asset in the labour market.
Their study tracked the earnings of a mix of people comparing those who grew up in communities with fluoridated drinking water and those without. They came to a variety of conclusions based on [...]
Tomatoes, Weed, what’s the difference?
A crack team of constables tore apart a Scottish house after mistaking tomato plants for marijuana - explicitly stating their obvious confusion as they burst through the door.
Lulu Matheson had been growing tomatoes on her windowsills and these seemingly set the alarm bells ringing for the local police. Obviously the Northern Constabulary’s training criteria doesn’t [...]
Canadian political leaders - someone will lose face
I’ve avoided writing about the whole detent going in Ottawa, mostly because the whole thing has been making me utterly furious - almost apoplectic.
Recently, for the first time in 20 years I’ve become more politically active at all four levels of government that sit, some heavier than others, on top of us - federal, provincial, [...]
UK: No more cheap booze
The national government in the UK is determined to slap new regulations on drinking to attempt to curb a rise in anti-social behaviour. The suggestions range from a ban on happy hours and ladies nights, along with stringent labeling on cans and bottles.
From the Daily Mail:
Critics of liberalised licensing laws claim the move three years [...]
We don’t need no stinking property rights
From the Frontier Centre this week comes an article about the truly unstable state of Canadian personal wealth.
Stephanie Farrington found that 50% of Canadian’s wealth is tied up in property, will a large chunk of that sunk into primary residences. What makes this unstable, besides the current expectations of home price deflation, is that in [...]
Invisible Hand analysed
Three friends of mine, who I will for the sake anonymity name PJ, Mike1 and Mike2, were chatting over brews recently and got into a discussion about the meaning behind the term Invisible Hand. They knew that it was coined by Adam Smith and that Milton Friedman had commented on it as well.
PJ had suggested [...]
Niels Veldhuis says don’t blame greed
An excellent article (PDF) written by Niels Veldhuis of the Fraser Institute lays out solid description of the poor government incentives that significantly contributed to the recent market crunch. He does all of this while discussing the difference between greed and self-interest (one of my favourite topics) and why self-interest is truly what makes the [...]
Bail out everyone dammit…
And merely because I a fan, here’s a quote from P.J. O’Rourke on bailouts:
Print journalists may soon have to send their kids to public schools, feed dry food to their cats, and give up their leases on Prius automobiles and get the Hummers that are being offered at such deep discounts these days. … The [...]
Toronto Mayor clueless on basic economics
David Miller - the seemingly basket-case mayor of Toronto - has decided to change the way they’re trying to discourage plastic bag use by Toronto citizens.
It seems that the original idea was to force supermarkets to pay their customers a dime for bringing in a reusable bag. The change was to instead have the stores [...]
Alberta Liberal Party votes - make it matter
The Alberta Liberal Party (ALP) membership* is voting for a new leader coming up very soon. There are three men standing for the job: David Swann, Dave Taylor, and Mo Elsalhy.
The party has been an also-ran player in the province of Alberta for the past 8 decades, many times fading to single-digit seats in the [...]
Pay them less and watch the success roll in…
…or at take the hatchet to executive bonuses to at least stem the tide of failure?
Dan Ariely* writes about the effects of varying bonus sizes in a NY Times op-ed piece this past week, which I just read in this weekend’s National Post. He and some colleagues did three experiments that had interesting and unexpected [...]
Spam down 40 to 70%
Depending on who you talk to spam is down 40 to 70% since a major spam gang has been shut down in San Jose, CA.
For those of us who typically get hundreds of spam per day, it’s been nice lately to actually be able to check the junk box and not have to wade through [...]
British clown music a danger to the public, especially children
I know that I seem to be picking on British public policy quite often, but it’s just so easy. From a link off the Reason Brickbats page comes this astounding obtuse abuse of civic power.
Zippos Circus clowns were banned from playing musical instruments because the Birmingham City Council told them the music contravened the Licensing [...]
Like I thought, most strollers suck
After years of railing - mostly quietly, and only to close family - about how annoying strollers are, comes some ammunition against their pervasive use.
Suzanne Zeedyk, in conjunction with Sutton Trust, worked to find the affects of stroller seat orientation on children. When comparing the state of children in forward or rear facing carriers a [...]
Supreme Court of Canada inflicts health tax on airlines
The Supreme Court of Canada (SCC) in their infinite wisdom has passed down a decision forcing airlines to accomodate the disabled, even when the costs become prohibitive. Interesting that by this decision they also included obesity as a disability.
Since Air Canada and WestJet weren’t able to prove that accommodation of the disabled, including the exceptionally [...]
UK says littering should maybe not be considered terrorism
In a landmark psuedo-decision the national government of Britain has decided to stop equating littering with terrorism. It is now safe enough to litter since the government has suggested that surveillance tools and regulations used to attempt to stop terrorism are a bit much when it comes to more mundane offenses - offenses such as [...]
London boroughs fighting musical terrorism
In a huge push to ensure the safety of chemically enhanced ravers all over the London, police are targeting live music performances that don’t comply with new strict discloser rules.
Detective Superintendent Dave Eyles of London states:
Music promotions attract people who have a propensity to use violence. That’s not speculation. We have a duty to prevent [...]
Britain to Lojack fatties in war on obesity
Ok, the title is a bit hyperbolic but in Britain is now promoting a new scheme to tag and track people in an effort to improve health by targeting obesity. In addition to the tags, which track calories and exertion, marketing campaigns and fitness facilities will be deployed to round out the effort. They feel [...]
Gestational diabetes and lower test results
In a study from Université Laval, researchers compared the language skills of children from mothers with gestational diabetes (GD) to a control group. While nothing in the summary shows specifics, children whose mothers had GD exhibit poorer results on tests of verbal vocabulary and grammar. These findings are tempered by suggestions that:
…the impact of pregnancy-related [...]
Child care subsidies and child development
Chris M. Herbst and Erdal Tekin have produced a study that suggests:
that subsidy receipt in the year before kindergarten lowers reading and math test scores and increases a variety of behavior problems at kindergarten entry.
This they surmise that these children exhibit issues since they are more likely than average to have substantially less than decent [...]
UK to fine running motorists…
…who are stuck in traffic jams. The incredible British nanny-state has decided to levy fines of £20 on drivers who happen to have their cars running while stuck in traffic. This is likely to:
make a wholesale change in the behaviour of people who are already under stress or,
piss loads of people off and likely cause [...]
But I tried really hard. Honest.
From the Post comes an article about a highly entertaining study that shows the level of entitlement of university students. Ellen Greenberg from UC Irvine polled 400 undergrads and developed some conclusions from the results. From the article:
Ms. Greenberger’s study reveals that students who are academically entitled are more likely to engage in academic cheating, [...]
O’Rourke on how “the movement” blew it
P.J. O’Rourke writing in the Weekly Standard as usual delivers in a libertarian bent with highly engaging and only slightly hyperbolic prose. Writing about how the US conservative movement (in my parlance: libertarianism) blew it over the past many years. I aspire to write as cleanly and here are a few choice quotes:
“After the events [...]
