How the Grinch stole the free market

Lynne Kiesling

An excellent holiday present for us all, from my friend Sarah: a free-market take on the classic Grinch tale. A taste of its poetic deliciousness to entice you to click through and read the whole poem:

Then he walked right inside. Didn’t ring, didn’t knock.
(Property rights are respected by folks who read Locke.)
Then he slithered and slunk, that legislation-mad demon,
Around the whole room, and he took every freedom!
Cigars! Motorcycles! The schools! And their guns!
Freedom to travel! He took every one
And he made regulations
to stop them all. (Grinches adore legislation.)

Then he slunk to the icebox. He took the trans-fat!
He took the raw milk! And the sauerkraut vat!
He cleaned out the fridge; took their bathtub-brewed booze.
Why, that Grinch even took their last freedom to choose!

Love, love, love.

 

Happy holidays, traveling Grandma!

Lynne Kiesling

Happy holidays! If you are traveling by air this week to share the holidays with family, you have my sympathy … on the TSA front, not on the family front (but some of you may be dreading that too …). Whether you are subjecting yourself to the TSA’s invasiveness this holiday season or not, you’ll laugh wryly at this Reason.tv/Remy collaboration:

“In seasons past, Grandma only had to worry about getting run over by a reindeer. With “Grandma Got Run Over by TSA,” web sensation Remy gets us in the holiday mood with a song about Christmas, Homeland Security, and the joys of civil rights abuses.”

Superficial journalism, GPS watch edition

Lynne Kiesling

When I read Gina Kolata’s New York Times article on the inaccuracy of GPS watches, I was not impressed with her journalism and her analysis. Her main theme was that we spend all of this money on GPS watches to record our training, and they aren’t even accurate. Her example:

On Sunday, I tried a little experiment with friends who also have GPS watches. I started from my house, and Jen Davis and Martin Strauss started from her house; we met up along the way.

My route was 15.96 miles, according to Google Maps. My watch said it was 15.54. Jen’s watch, an older model, did much better. Her route was 19.1 miles. Her watch said 19.02.

First, it’s impossible to interpret her two data points because she indicates nothing about the age of the devices, the brand, the software version, and so on. All GPS devices are different, and she does her readers a disservice by glossing over those details and by not informing them of the changes in GPS accuracy as the hardware and software have advanced over the past decade. Second, her device performed at 97.38% accuracy and her friend’s at 99.58% accuracy. What do they expect, 100%? You don’t have to be a statistically-literate scientist or social scientist to have a realistic expectation that anything north of 95% accuracy is acceptable. Even a Type A data-centric recreational athlete should not have expectations of 100% accuracy!

You may have read this same article because Glenn Reynolds linked to it at Instapundit. Unfortunately, I don’t think he reflected critically enough on the article.

For a more thorough analysis of GPS devices, and a thorough debunking of Kolata’s article, I recommend the DC Rainmaker blog. Ray is famous in multisport athlete circles for his thorough, detailed reviews of training devices and their performance. He argues that Kolata missed the boat in her conclusion that GPS devices are unreliable training partners. His critique focuses on two essential facts to remember when using a GPS device. First, as I alluded to above, not all hardware/software are the same, and software updates can improve accuracy:

In the world of GPS watches, the reality is that not all devices are created equal.  As I’ve shown before in four posts of accuracy tests, some units do simply perform better than others.  Sometimes that is correlated to price, and other times it’s tied to the GPS chipset used and/or the firmware.  To base the entire article (and all GPS watches in general) on what appears to be a single watch on a single run being off seems a bit of a stretch.  For example, when the Timex Global Trainer first came out, there were indeed accuracy issues with it.  On average, it was 2.5% off (short) – was her watch a Global Trainer?  Or perhaps, it was an original Garmin FR610 – which also had issues early on with some routes showing about 2% short.  Yet, both have been fixed by their respective companies (June for the FR610, August for the Global Trainer).

I found it strange that the author didn’t note the brand, nor contact them for an official reason, explanation, or PR response.  Isn’t that the most basic journalistic thing to do?

In my mind, this is no different than saying “cars are unreliable”, because your particular car is in the mechanics shop.  As in fact the author noted, her friends route was just about spot on, within .08 miles after 19 miles – or 99.58% accurate.

Second, and this is interesting, the Kolata article focuses on complaints that race directors get after races from runners when their GPS distances do not match the stated distance of the race. But Ray points out that you can get mismatch if you take corners wide in the race:

As I’ve gone into in (probably painful) detail in the past, when you’re running a big race with lots of folks, you usually end up running quite a few corners wide.  And those corners add up.  Remember that races are measured according to USATF standards and certified non-GPS devices, which require that the measuring person take the absolute shortest possible route during the measurement, right up to the edge of the curb.  That’s not how the vast majority of folks run their races though.  Instead, most folks are forced into much wider paths, often with swerving around other runners.  Every time you swerve around a runner – you’ve probably added 5-10 feet to your path.

He also looks at some race results that suggest that faster runners end up running more accurate distances, in large part because they are running with fewer people and less congestion, and thus do not have to take corners wide to avoid other runners as much.

In my own experience, GPS accuracy has gotten better over the 5 years that I’ve trained with a GPS device. I currently use a Garmin Forerunner 610, and for reasons I won’t bore you with, when I ride my road bike I use it as well as a CycleOps non-GPS computer that is paired with my PowerTap. Both devices generally yield distance estimates within 2% of each other.

Thus, if you are considering a GPS device and the Kolata article made you think again, I would not give her article much credence, because I don’t think she really understands the technology space or the importance of the details involved — an example of very superficial journalism. Instead, bookmark DC Rainmaker and use his detailed reviews to guide your purchases.

Natural gas is too cheap and too plentiful

Michael Giberson

Russel Smith thinks we should use government power to limit natural gas production in order to boost gas prices. Why? Because he is the executive director of the Texas Renewable Energy Industries Association and cheap and plentiful gas is cutting into the business opportunities of renewable energy companies.

“The price is so low, there’s so much being produced, and it’s perverting the effort to move renewables into the marketplace,” he said.

He continued:

With the addition of shale gas to the marketplace and continuing low gas and power prices, Smith said renewables have been unable to gain the traction that was anticipated a few years ago.

“Because prices are so low, the momentum to bring large-scale solar and wind, especially solar, to the market has been somewhat stymied,” he said. “The differential in the price of natural gas and solar wasn’t there five years ago as momentum was building.”

The article said Smith initially suggested the idea of regulating gas production to spark discussion during a conference panel. (Reminds me of the Adam Smith quote on business gatherings: “People of the same trade seldom meet together, even for merriment and diversion, but the conversation ends in a conspiracy against the public, or in some contrivance to raise prices.”)

If he can’t convince regulators to limit gas production, Russel Smith suggested that government could do more to boost demand for natural gas: exports, LNG for long-distance trucking, anything that might help boost the price of the competition. Such moves would, said Smith, “improve the situation for natural gas and everyone else.”

Not quite everyone else, right?

Cute boots!

Lynne Kiesling

I haven’t written about shoes in a long time (sorry Manolo!), in large part because my aging, athlete feet can’t tolerate cute shoes to the degree that they used to. My shoe wardrobe vascillates among low-heeled boots, Converse sneakers (with my orthotics in them), and sandals with heel straps and orthopedic footbeds. I try desperately not to descend into frumpy footwear, but the range of footwear styles that I have has narrowed a lot. Grrr. But I still have my love of cowboy boots, although I mix them up with other boots because my Lucchese boots have a narrower toe box than I can tolerate on a daily basis.

So imagine my aesthetic joy, with a tinge of envy, when I saw the boots that Angus is getting Mrs. Angus for Christmas:

 

RAWR. WANT. I need another pair of boots like a hole in my head, but what a gorgeous green, and great stitching. WANT. Mrs. Angus is a lucky woman.

Happy Thanksgiving

Lynne Kiesling

Yesterday the KP Spouse and I drove the 11 hours home from Thanksgiving at his mother’s in Maryland. 11 hours each way (I drove out a week early for the Southern Economic Association meetings) is a small price to pay for avoiding the rudeness, indignity, invasiveness, and civil liberties violations associated with air travel in the U.S. I used to be a 50K+/year flyer, and in 2011 I committed to flying as little as possible. I have succeeded; I had one international flight in July and will have one flight to Hawaii in December for a vacation that I promised to the KP Spouse.

One reason why driving has been so enjoyable during my airline/TSA boycott has been the new car we got in March:

It’s a 2011 Mini Cooper S Countryman, 4 door, 4 cylinder 186 hp turbo engine, front wheel drive, and it’s an incredibly fun car to drive! It’s also the cutest car I’ve ever owned, and is well designed to carry all of the gear for two avid athletes. It’s got a more muscular look than the 2-door Mini, but is still a Mini through and through, except for the BMW engineering on the inside (and the BMW X1 chassis that is the basis for the body). This is definitely a performance vehicle, with a stiff ride and an efficient but larger engine, so we made the tradeoff of slightly worse fuel economy (25.9 mpg so far) relative to our old Honda Civic. So far we’ve had no mechanical difficulties whatsoever with the car, and really, really love it.

I am thankful for the creativity and innovation that led to a car that gives me so much joy while enabling me to spend the Thanksgiving holiday with my beloved husband and in-laws without having to endure the invasiveness and indignity of the TSA.

Monsters of Grok t-shirts

Lynne Kiesling

Here’s some outstanding geek attire! Monsters of Grok is a line of t-shirts that use rock band t-shirt logo designs, but the names are instead famous scientists and intellectuals such as Ada Lovelace (done as a Ladytron logo), Isaac Newton (as Iron Maiden), and Benjamin Franklin (as Black Flag). I fell over laughing when I first saw these, literally hyperventilating and weeping. Guess that makes me a geek rocker …

Today, to make myself feel better for having such a nasty ear infection (with gratitude to those of you who have sent get well wishes!), I finally broke down and purchased two of them. The first one’s easy to guess if you’re a regular KP reader, the second one is a little more tricky as there were several contenders. If you guess them both you get a gold star!

Authoritarian hypocrisy and “anything for security”

Lynne Kiesling

Does President Obama realize his hypocrisy when he says (as he did in his weekend radio address) that “as Americans, we refuse to live in fear”, while simultaneously having large armed law enforcement teams storm airplanes that have landed, remove passengers, strip search them, and detain them without probable cause or a warrant? Soshana Hebshi gives her own account on her blog; Mike Riggs reports on it at Reason, and James Fallows reports on it at The Atlantic. Note in Hebshi’s account that there were about 50 such events on Sunday, so if you think this is an isolated event you are sadly mistaken, or dare I say with all respect, naively deluded and in denial.

This authoritarian drive for power and control is a consequence of our fear-based “anything for security” policies. Such fear-based cowardice is socially, culturally, morally, and economically corrosive.

It.must.stop.now. And it will only stop if we, individually, choose consciously to object to authoritarian policies grounded in fear-based cowardice, make our objections loud and unavoidable to our peers and our elected so-called representatives, and refuse to be terrorized by our own government.

As long as this state of affairs persists, these issues are far, far more important and life-threatening (and way-of-life threatening) than electricity regulation, regulatory and competition policy, and technological change. That’s why I am writing about Shoshana Hebshi today rather than those topics. It.must.stop.now.

You will never get a railway thereby …

Lynne Kiesling

Seriously, this is why I love Joseph Schumpeter — from The Theory of Economic Development, p. 64, fn 1:

“… what we are about to consider is that kind of change arising from within the system which so displaces its equilibrium point that the new one cannot be reached from the old one by infinitesimal steps. Add successively as many mail coaches as you please, you will never get a railway thereby.”