Dignity and liberty for ordinary people brings social growth and development

Michael Giberson At AidWatch, an interview with Dierdre McCloskey, author of Bourgeois Dignity: “Don’t be snobbish towards merchants & entrepreneurs, and you’ll develop.” Short, and to the point, so likely worth a few minutes of your time to read. Here is a shorter and even more to the point summary of her message: History shows … More Dignity and liberty for ordinary people brings social growth and development

Concentrated benefits, dispersed costs: million dollar fraud that no victim has strong incentive to fight

Michael Giberson Christopher Mims explains a “A Web Scam that Makes $500,000 a Month” in MIT’s Technology Review. In essence, a web programmer set up websites to generate revenue off of pay-per-click or pay-per-impression online advertising. That isn’t the interesting part, since many folks have tried to scam money this way. The interesting part is … More Concentrated benefits, dispersed costs: million dollar fraud that no victim has strong incentive to fight

Meanwhile, more “power market and the state” battles in New Jersey and Maryland

Michael Giberson And if Andrew Kleit thinks that the Pennsylvania state government is toying with a bad idea (see previous post), look what is going on next door in New Jersey and Maryland. In New Jersey: “Utilities challenge New Jersey law while preparing to reap its benefits.” In January the Governor signed a law which … More Meanwhile, more “power market and the state” battles in New Jersey and Maryland

Would a ‘Pennsylvania Power Authority’ be good for Pennsylvanians?

Michael Giberson Also in the Spring 2011 issue of Regulation magazine is Andrew Kleit’s article on a proposed Pennsylvania Power Authority. In the course of explaining why such a state power agency would be a bad idea, Kleit explains a lot about how the wholesale power market works in Pennsylvania (and elsewhere). Noteworthy is Kleit’s … More Would a ‘Pennsylvania Power Authority’ be good for Pennsylvanians?

“The Problem with Price Gouging Laws”

Michael Giberson The Spring 2011 issue of Regulation magazine carries my article, “The Problem with Price Gouging Laws.” One bit: Economists and policy analysts opposed to price gouging laws have relied on the simple logic of price controls: if you cap price increases during an emergency, you discourage conservation of needed goods at exactly the time they are in … More “The Problem with Price Gouging Laws”