Lynne Kiesling Yesterday the Wall Street Journal featured an essay from Peruvian economist Hernando De Soto, focusing on the socio-economic roots of the current protests against the authoritarian Mubarak government. De Soto’s work on the debilitating consequences of the lack of property rights for individual prosperity and economic growth is outstanding, and he has been … More Hernando Desoto, Property Rights, and Egypt
Michael Giberson In other commentary on ERCOT’s rolling blackouts: “Some Companies Made Millions Off the Texas Blackouts.” While Texans suffered rolling blackouts yesterday, some power generators were enjoying windfall profits. Starting around 5 a.m., prices in the wholesale market surged to the market cap, $3,000 per megawatt-hour, and stayed there, off and on, until around … More Texas Observer: Some Companies Made Millions Off the Texas Blackouts
Michael Giberson Wednesday’s Wall Street Journal included a story on HOT lanes and other ways commuters can buy through congestion, “American Idle: On the Road.” One excerpt: In the early years of the nation, entrepreneurs built toll roads, offering travelers a faster carriage ride in return for money. Now, the concept of the toll road … More Speed As a For-profit Service
Michael Giberson [Note: This item was originally posted at MasterResource as: “Texas Power Outages: A Preliminary Analysis (Cold snap brings failure–isolated ERCOT an issue)“] Wednesday morning, ERCOT, the power grid operator for much of Texas, called upon local distribution companies to cut power to blocks of consumers on a rotating basis. The rolling outages were a … More Cold Snap Brings Rolling Power Outages to Texas; is Ercot Policy of Isolation at Fault?