Michael Giberson At Constructive Economics, Abe Othman discusses a purported manipulation attempt in Intrade’s Health Care Reform bill market. The nut of the story is that early on March 17th a trader apparently poured a bit of money into the market, briefly driving the price from around 60 down to 35. After a few hours … More When will manipulation of public prediction markets begin to work?
Michael Giberson The New York Times ran an editorial on the election of Rand Paul called the “Limits of Libertarianism.” I haven’t been paying much attention to Paul’s campaign or related politics, so don’t comment on Paul’s views or the Times response to them. But I have to draw attention to for the purpose of publicly ridiculing … More Government, slavery, Jim Crow, The New York Times
Michael Giberson The Isolated Plant magazine published “A letter from a New York Correspondent,” in their August 1909 edition: Mr. Editor: From the viewpoint of one of the “common people,” the recent issues of your magazine have been striking fire with every telling blow… The following incident is mentioned as a bit of local history. … More Cogeneration vs. monopoly electric utility service, circa 1909
Michael Giberson News headlines say, “Orlando wants to prevent gas price gouging,” though the practice Orlando politicians want to stop isn’t price gouging, per se. Rather, the target of the proposal is gasoline retailers near Orlando International Airport who charge substantially higher gasoline prices than neighboring stations. The proposal would require gasoline stations near the … More Orlando wants to discourage high gas prices near the airport
Michael Giberson Even before the current oil spill into the Gulf of Mexico it was well understood that drilling offshore sometimes results in spills. The current oil spill in the news has brought the idea of spills to the attention of many, many more people, people who don’t usually think too much about these things. … More Oil spills, movie stars, robot unicorns and regulation
Michael Giberson Texas did it again, it achieved it’s target for new renewable power generation capacity years ahead of schedule. And so, of course, as it becomes increasingly obvious that the Texas Renewable Portfolio Standard (RPS) is essentially irrelevant to growth in wind power, the Texas RPS is increasingly held up as a success and model … More Texas wind power: It isn’t about the RPS
Michael Giberson At the Freakonomics blog, James McWilliams offers a review of sorts of Robert Bryce’s new book Power Hungry: The Myths of “Green” Energy and the Real Fuels of the Future. McWilliams reports that the book is “a sustained attack on our irrational infatuation with wind and solar power.” Part of Bryce’s “sustained attack” … More Per capita energy consumption has declined in the United States