From the “No Surprises Here Department”: Price Controls Cause Chaos in Ethiopian Markets

Michael Giberson Ethiopia devalues currency => prices jump => consumers complain => government issues price controls to stop price gouging => goods disappear from market shelves. Yep, no surprises here. From http://www.voanews.com: Price Controls Cause Chaos in Ethiopian Markets Price controls on many staple food items ordered by Ethiopia’s government early this month have reduced grocery bills … More From the “No Surprises Here Department”: Price Controls Cause Chaos in Ethiopian Markets

Investors using municipal power company borrowing to maximize private returns?

Michael Giberson Some regional power business developments have a few people in the area scratching their heads and wondering what is going on. An excellent article in Sunday’s Lubbock Avalanche-Journal explores the issue, yet still leaves local readers wondering what a quasi-public company is up to on our behalf. In brief, High Plains Diversified Energy … More Investors using municipal power company borrowing to maximize private returns?

U.S. military aid funds tear gas used to repress peaceful protestors in Egypt

Lynne Kiesling I am watching and following the events in Egypt with great interest. Of course as a technologist-of-sorts who studies complexity I am interested in the role of social media in enabling such a distributed movement to coalesce. Unlike what happened in Iran in June 2009, this uprising seems likely to have a longer-lasting … More U.S. military aid funds tear gas used to repress peaceful protestors in Egypt

Understanding libertarian morality: “Regulations trigger a sense of resistance in me”

Michael Giberson In the February 2011 issue of Reason Ronald Bailey explains some interesting work in political and moral psychology on libertarian morality. The research – by Jon Haidt at the University of Virginia, Ravi Iyer and Jesse Graham at the University of Southern California and Spassena Koleva and Peter Ditto at the University of California … More Understanding libertarian morality: “Regulations trigger a sense of resistance in me”

I detect a fundamental tension in this headline on wind power

Michael Giberson This amusement, courtesy of Examiner.com: “Wind power officially cost effective, AWEA hopes for more incentives from Feds.” The like link is “http://www.examiner.com/green-living-in-national/wind-power-officially-cost-effective,” but I warn you that the site may try to serve you multiple ads, making the experience more trouble than the story is actually worth. The article does, however, make good … More I detect a fundamental tension in this headline on wind power

Dear President Obama: You Don’t “Win” Economics

Lynne Kiesling I’m teaching a principles/intro class this quarter (for the first time in longer than I care to remember!), and my students are all very clear on a concept that I’m afraid President Obama has forgotten … or at least that his rhetoric contradicts: economic activity is not a win-lose relationship. Using language like … More Dear President Obama: You Don’t “Win” Economics