December 11, 2009

Ercot Begins to Settle Accounts Based on Data Rather Than Guesses

Michael Giberson Okay, so my title above is a little over dramatic, but the essence of the title remains.  Previously, lacking high quality interval data on retail consumption, ERCOT has been allocating charges to retail energy suppliers based on load profiles – not exactly guesses, more like informed guesses.  As distribution utilities in the competitive …

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Repugnance, Outrage, and Other Moral Excuses

Michael Giberson Bryan Caplan, in How Wise is Repugnance?,  questions Leon Kass’s argument that “repugnance is the emotional expression of deep wisdom.” (From Kass’s essay, “The Wisdom of Repugnance.”) Kass runs through a list of things that he thinks the reader will accept as obviously repugnant (incest, bestiality, mutilating corpses, cannibalism, and so on) and …

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