Chicago Tribune: Enable Free Markets in Electricity in Illinois

Lynne Kiesling On Monday the Chicago Tribune published an editorial about electricity policy in Illinois (registration required). We’ve got a lot of electricity policy issues on the table right now. Nine years ago, the political bargain struck to allow wholesale market competition in electric power was a ten-year retail rate freeze, at a discounted rate … More Chicago Tribune: Enable Free Markets in Electricity in IllinoisMore Chicago Tribune: Enable Free Markets in Electricity in Illinois

The Ideal Fed Chairman Would Give Boring Speeches

Michael Giberson Greg Mankiw explains why the increase in Fed watching could be a bad sign: Perhaps increased Fed watching is inevitable whenever we have a new Fed chairman, but it is nonetheless troubling. Fundamentally, Fed watching is a symptom of ambiguity in monetary policymaking. Fed insiders do not have significantly more data on the … More The Ideal Fed Chairman Would Give Boring SpeechesMore The Ideal Fed Chairman Would Give Boring Speeches