Category Archives: Australia

Can a contemporary Western country have a moral immigration policy with a reasonable risk level?

The intense, and highly moralised, debate over migration in the West is clearly based on a widespread presumption that it is obviously possible for contemporary Western societies to have a moral migration policy. That proposition, when examined, is much more dubious than it might appear. It is obvious that people moving to the West from […]

Against Austrian business cycle theory

Former Austrian school economist Bryan Caplan recently won a bet against Austrian school economist Bob Murphy on the path of US inflation. Caplan won by betting with the key market indicator (TIPS), Murphy lost by betting against it. At first glance, that the ex-Austrian won by following the market while the Austrian lost by not doing so might seem strange, but it […]

Moral sensibility and modernity

Religions have rituals and doctrines: mechanisms of participation and belief. They also engender moral sensibilities that provide ways of normatively framing the world regarding people, places, social arrangements. Most Swedes, for example, are not believing or actively participating Lutherans, yet centuries of Lutheranism being the overwhelmingly dominant flavour of religion has deeply influenced Swedish moral sensibility. When folk try […]

Immigration and social order

The entire debate over immigration, particularly illegal immigration, turns on the issue of social order — specifically, its value and cohesiveness. Those who think there is simply no issue — that no people who make the effort to go to another country to live can be a threat to the social order they are entering, […]

The EU’s downward spiral

Econblogger Bryan Caplan is rightly sceptical of “it will end in civil war(s)” claims about the European Union‘s (EU) current travails, and is moreover prepared to put his money where his blogging is; hence he will accept bets on the issue. Nobel memorial laureate and economic historian Robert Fogel argued that pressures over mass immigration were a significant aggravating factor in the lead […]

The Rotten Heart of Europe

Bernard Connolly‘s The Rotten Heart of Europe: Dirty War for Money is a jeremiad against European monetary union first published in 1995. Its publication led to the author’s sacking from the European Commission, where he had been senior monetary and foreign exchange economist. This is not, as Connolly a matter of saying the “Emperor has no clothes” but […]

American homicide

Using US Census data and FBI homicide statistics to look at US homicide rates by race is problematic, because the race of offender (and of victim) statistics apparently do not cover non-negligent manslaughter. One is forced to multiply such statistics by the ratio of the total homicides counted on that basis to the total including non-negligent manslaughter to get figures that are internationally […]

“Over-valued” is the wrong metric about “bubbles”–housing or otherwise.

Thinking about asset price stability is pervaded by incorrect framings. Particularly if folk start throwing around the term “bubble”. Not the fault of the central banks One incorrect framing is “the central banks did it”; with the finger usually pointed at low interest rates and clams of “easy money” fuelling “bubbles”.  Low interest rates are […]

Don’t mention the inconvenient

So, a black guy with a long criminal record, a history of mental illness and attempted suicide, attempts to murder his girlfriend, kills two cops in Brooklyn and then shoots himself. A mainstream newspaper provides details on his life, ignoring an obvious one; he was Muslim (his name being Ismaayil Abdullah Brinkley is something of a hint). […]

Culture and rationality: or why South Asian call centres can be so infuriating

I recently read Kenneth Pollack’s Ph.D dissertation on The Influence of Arab culture on Arab Military Effectiveness (which later became a book). It is a very fine piece of social science which, alas, I doubt any important member of either the Obama or Bush II Administrations has read. The burden of his analysis is that Arab culture strongly […]