A.C. Pigou, public choice economist, on the use of government

Michael Giberson At the end of a comment on Windfall, a new documentary on the effects of wind power development on a community in upstate New York, Michael Munger pulls out the key Pigou quote. Pigou is relevant because the best possible case to be made for subsidizing wind power production involves correcting for the … More A.C. Pigou, public choice economist, on the use of government

LNG exports, the view from the Brookings Institution

Michael Giberson The Brookings Institution’s Energy Security Initiative has been looking at the changing natural gas market including, among other things, potential issues surrounding LNG exports from the United States. Overall it looks like reasonable stuff. But one claim made in a recent Brooking report [pdf], highlighted in a Wall Street Journal article today, had … More LNG exports, the view from the Brookings Institution

New video: Richard Epstein on simple rules

Lynne Kiesling In one of the most incredible pieces of fortuitous timing, after I recommended Richard Epstein’s Simple Rules for a Complex World in my post on our regulatory thickets, here’s a new video of Richard discussing this exact topic! A clear 22-minute discussion, well worth your time (and the time of any Congressional staffers … More New video: Richard Epstein on simple rules

Congressman Markey still worries about U.S. natural gas exports

Michael Giberson A few weeks back Congressman Ed Markey asked the U.S. Department of Energy whether exports of natural gas might not be in the public interest (see prior note here, related note) as exports would tend to push U.S. gas prices higher. The USDOE’s response apparently didn’t mitigate Markey’s concern; today the Congressman introduced … More Congressman Markey still worries about U.S. natural gas exports

Alex Tabarrok on innovation, barriers to it, and the warfare-welfare state

Lynne Kiesling I was glad Mike mentioned Alex Tabarrok’s recent Launching the Innovation Renaissance in his recent post on the Honeywell-Next patent lawsuit, because reading Alex’s new TED book was on my to-do list for this past weekend. Alex’s focus in this book is U.S. innovation policy and ways that we could improve the institutional … More Alex Tabarrok on innovation, barriers to it, and the warfare-welfare state