Another one: Bankruptcy law and limited liability is essentially a form of “worst case” insurance for those who set up and own businesses. As a result, firms who take on this structure should also have to take on an insurance premium.
I suppose that this was Labour’s alternative budget. They’ve taken the policy documents they’ve put together recently and stuck them together in a blog post. Fair enough, it is a good idea to put together policy documents so why not – I really like the idea of detailed policy documents by the opposition as well, […]
As of now I’ve only seen one alternative budget come out prior to Thursday’s Budget – the ACT party’s one (Stuff,NBR). Good on them for releasing an alternative budget, I like to see that sort of thing. However, I have to admit I was a little more than ‘very disappointed’ with the quality of the […]
Alex Tabarrok at Marginal Revolution points out that, without the run up in house prices, we do not get Piketty’s trend of rising capital to output ratios in the data. This is very true, and was one of the key reasons why I wasn’t convinced that Piketty’s explanation of his data was the best available. Now […]
Via Marginal Revolution I see that there is a paper common confirming the intuition that the minimum wage is a wage of targeting a given view of the “deserving poor”. Essentially, those with a strong taste for leisure are assumed to be the ones that lose their jobs first in the case of a minimum […]
It appears the people very much care about power prices, and that the organisation of the electricity industry is something people are discussing. It is an interesting issue, but large chunks of it are outside my area of knowledge (even moreso than what I usually write about!). Furthermore, unless we get a guest blogger in […]