Couldn’t Have Said It Better Myself

Lynne Kiesling Steve Horwitz, this morning, on the cronyism between the oil industry and regulatory agencies: Despite the hopes of those who think this can be solved, as the AP report suggests, by better ethics laws or hiring “better” regulators, the revolving door that leads to capture is not a “bug” but a feature – … More Couldn’t Have Said It Better Myself

Catching My Eye This Morning …

Lynne Kiesling Ron Bailey writes at Reason about a new evolutionary psychology paper in the Proceedings of the National Academy of Science. I haven’t read the paper yet, and may well have more to say about it when I do, but Ron’s observations make it worth mention. Ron’s summary: A new study [PDF] in the … More Catching My Eye This Morning …

A Heat Wave Without Blackouts

Lynne Kiesling Last week’s heat wave in the US was record-setting. Historically, the combination of a persistent heat wave with static, regulated retail markets and fixed prices has resulted in brownouts or blackouts in peak hours (and, at least from my personal experience with ComEd, exploding transformers in substations). However, as reported by Martin LaMonica … More A Heat Wave Without Blackouts

First Thoughts on Spotify

Lynne Kiesling I’ve been playing with Spotify this week during its U.S. release, and so far I really like it. My British friends have been raving about it, so I was keen to check it out. For music playing it combines some of the best features of iTunes and Pandora and Rhapsody — I can … More First Thoughts on Spotify

Great Sports Journalism: Jason Gay on Jens Voigt

Lynne Kiesling I’ll spare you my observations on this year’s Tour de France, which I am enjoying mightily. Today, with three huge Alpine climbs, features both grueling riding and gorgeous scenery; I’m watching a descent through a series of steep hairpin turns as we speak. But I will share one thing, because Jason Gay’s recent … More Great Sports Journalism: Jason Gay on Jens Voigt

The Energy Industry Insiders That Didn’t Bark

Michael Giberson Dozens of energy industry insiders have gone missing in recent weeks, in what must be the largest unreported crime wave ever. Or possibly the energy insiders have been silenced by a vast powerful and secret industry cabal, which has compromising photos of the insiders or something like that, which would also be a … More The Energy Industry Insiders That Didn’t Bark

Quote of the Day: Hayek on Expediency and Freedom

Lynne Kiesling Pace Don Boudreaux for my shamelessly copying his “quote of the day” meme … my quote of the day is this striking one from Hayek’s essay “Principles or Expediency” (1971): From the insight that the benefits of civilization rest on the use of more knowledge than can be used in any deliberately concerted … More Quote of the Day: Hayek on Expediency and Freedom

Boettke on Cowen, Smith, Schumpeter, and Stupidity

Lynne Kiesling One of the most beautiful (or frustrating) things about the Internet is that if you wait long enough, someone will say what you wanted to … and probably say it more eloquently. Pete Boettke and the commenters on this recent thread did that for me. In this discussion Pete analyzes Tyler Cowen’s argument … More Boettke on Cowen, Smith, Schumpeter, and Stupidity

Risks and Regulation, Part 2

Lynne Kiesling A couple of days ago I outlined some remarks I gave at a regulation conference organized by the Istituto Bruno Leoni, and I asked what some of the risks are associated with electricity regulation. In the comments on that post, Ed Reid and David Zetland touched on what I think are two important … More Risks and Regulation, Part 2

Nyt Editor on Shale Gas Skeptic Article: We Should Have Done Better

Michael Giberson As mentioned here a few weeks ago, links below, the pair of New York Times articles giving voice to shale gas skeptics were badly done. (I called them no more than “an impressive collection of shale skeptic sound bites.”) I was far from the only critic, and the paper itself received a lot … More Nyt Editor on Shale Gas Skeptic Article: We Should Have Done Better