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
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?
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
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”
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
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
Michael Giberson Reports of the continuing change to the U.S. domestic energy resource picture. From the Wall Street Journal, “U.S Firms Plan to Export Gas“: The emergence of the massive amount of gas in the U.S. “is a transformative development” that markets, policy makers and industry are still coming to grips with, said Daniel Yergin, … More The U.S. as natural gas exporter?