Michael Giberson At the Arizona Economics blog, Scott Gustafson runs some numbers on the limits on tax deductions for charitable giving contained in the Obama budget outline for 2010. Drawing on numbers from the budget outline (as summarized in this Washington Post article), Gustafson concludes that the administration thinks the change will result in $45 … More Who needs charitable giving when you can have big government?
The people want the ponies they were promised, not the more efficient allocation of ponies that should have been offered. … More Should advocates of electric industry restructuring have not promised lower rates?
Excess LNG export capacity worldwide may find it attractive to ship to U.S., which has excess natural gas storage capacity. As a result, the U.S. may remain well supplied with gas for many years. … More LNG and the future of natural gas prices in the U.S.
Lynne Kiesling The fundamental cause of most environmental problems — whether air pollution, climate change, or species extinction, for example — is ill-defined property rights. Ill-define property rights lead to inefficient resource use decisions, resource overuse, and accelerated resource use. The effect of human action on the rate and pattern of species extinction is an … More Animal conservation through prices
Lynne Kiesling Lynne’s snark of the morning: If President Obama doesn’t know who invented the automobile, perhaps he should take my Western Economic History class this spring (hint: the inventor of the automobile was German). My spring class is already full and has a waiting list (which I find gratifying), but I’d make room for … More Who invented the automobile?
While it may be good for the SEC to revise its petroleum reserves reporting rules for other reasons, it won’t provide much in the way of help to investors. By the time the official version of reserves estimates is issued it is old news. Research by Richard Miller confirms this conclusion. … More Does anyone care about oil and gas reserves reports included in year-end financial statements?
Lynne Kiesling [UPDATED to add live link to NPR story} NPR just ran a story on yesterday’s clean energy summit in Washington DC. The event was organized by Senator Harry Reid and included such luminaries as Boone Pickens, Bill Clinton, and Al Gore, in addition to political representatives such as Rep. Nancy Pelosi and Secretary … More Smart grid rhetoric at yesterday’s clean energy summit