Temporary policies have temporary effects – and sometimes that is good news

Michael Giberson Recent research has revealed that the “cash for clunkers”-policy boost to car sales did little more than rush car sales that would have taken place over the following several months, and no evidence was found of broader economic effects on employment or home prices due to the so-called stimulus effects of the spending. … More Temporary policies have temporary effects – and sometimes that is good news

Will faking a consumer cartel help make power markets more efficient?

Michael Giberson Does the Federal Energy Regulatory Commission (FERC) really want to go down this path? Do they really think that faking a consumer cartel will help make wholesale power markets work more efficiently? Consumers come to any market in pretty direct competition with each other. Suppliers are offering their goods and I would like … More Will faking a consumer cartel help make power markets more efficient?