Learn Liberty video: should government regulate monopolies?

Lynne Kiesling I am happy to say that Learn Liberty has published another video that we did together. This one is a short one in which I talk about government regulation of monopolies, essentially laying out Schumpeter’s argument that when entry costs are low, monopolies do not persist because monopoly profit serves as a lure… More Learn Liberty video: should government regulate monopolies?

Innovative retail competition: is it finally starting … and in Chicago?

Lynne Kiesling This may be the beginning of what I’ve been arguing for over the past decade plus … today in Smart Grid News, Jesse Berst reports that Constellation Energy has teamed up with Best Buy to enable customers to come into the store, switch their retail provider, and buy home energy management devices (see… More Innovative retail competition: is it finally starting … and in Chicago?

Students: apply now for IHS summer seminars!

Lynne Kiesling Over the weekend Mike praised the Institute for Humane Studies teaching workshop he attended last summer. I’ll add to that an IHS recommendation for students: attend as many IHS summer seminars as you can while you’re a student! More than ten week-long seminars sponsored by the Institute for Humane Studies apply classical liberal… More Students: apply now for IHS summer seminars!

Antony Davies’ sobering federal debt summary

Lynne Kiesling While we’re at Learn Liberty, and in light of today’s Congressional Republican federal government budget proposal, here’s economist Antony Davies on the implications of our government’s indebtedness. When we covered this in my intro macro class this winter, it was sobering for my 18-20-year old students to realize that they are the people… More Antony Davies’ sobering federal debt summary

Are refiners and wholesalers price gouging on petroleum products in Alaska?

Michael Giberson As the chart below shows, during the summer of 2008 gasoline prices in Anchorage, Alaska switched from following typical prices in the lower 48 to a modest but notable amount above such typical prices. Not shown, but you can check it out at Gasbuddy.com where I generated the chart, after the summer of… More Are refiners and wholesalers price gouging on petroleum products in Alaska?