No regulator has or will have the information, expertise, or ESP required to do this

Michael Giberson The title is lifted directly out of Craig Pirrong’s post on the Treasury departments proposal to “crack down on off-exchange trading of exotic financial instruments blamed for sparking last year’s crisis” (in the words of yesterday’s WSJ article). The Treasury wants derivatives contracts that commonly trade over-the-counter to trade through a centralized clearinghouse… More No regulator has or will have the information, expertise, or ESP required to do this

The bicycle paved the road for automobiles

Michael Giberson From Inventing Green, where WIRED writer Alexis Madrigal is blogging his research notes for a forthcoming book The History of Our Future, a discussion of how bicycling may have given the internal combustion engine an early leg up in its competition against steam and electric-powered automobiles (and eventually made the roads unsafe for… More The bicycle paved the road for automobiles

Perennial gale of creative destruction, personal wireless division

Lynne Kiesling Even if it doesn’t end up being the disruptive innovation that these articles suggest, Verizon’s MiFI personal wifi hotspot device makes my little Schumpeterian heart go pitter-pat. Released yesterday, the Verizon MiFi (device by Novatel) is a credit-card sized 3G wireless router that can provide wireless Internet connection for up to 5 devices.… More Perennial gale of creative destruction, personal wireless division

Gasoline retailer opposes a zone pricing ban in Connecticut

Michael Giberson An effective zone pricing ban in Connecticut would have the effect of equalizing the wholesale price to gasoline retailers in the state. As such, it would benefit some retailers and harm others. TheDay.com presents commentary from an owner of a retail gasoline station who expects to be harmed by the zone pricing ban… More Gasoline retailer opposes a zone pricing ban in Connecticut