Who exploits you more: capitalists or cronies?

Lynne Kiesling Matt Zwolinski’s new Learn Liberty video addresses that question, and he does a masterful job of it. He starts with the “compared to what?” question — what’s the likely alternative to voluntary exchange in free markets? It’s regulated and politicized exchange, which is frequently not voluntary. Ask yourself: which of these is more … More Who exploits you more: capitalists or cronies?

NYC Brownouts? But why?? I thought they had electric power capacity markets

Michael Giberson From Reuters: Amid NYC heat wave, Con Edison lowers power voltage New York energy company Consolidated Edison Inc reduced the power voltage in some Manhattan neighborhoods on Wednesday, in an action known as a brownout, as a brutal heat wave stressed the city’s electric system for a third day. This was the second … More NYC Brownouts? But why?? I thought they had electric power capacity markets

Creative destruction (with emphasis on the creative), air cooling edition

Lynne Kiesling This Babbage column from the Economist is full of interesting information about the air conditioning that we have enjoyed over the past 110 years. Invented 110 years ago in Brooklyn by Willis Carrier, air conditioning has made indoor climate control of temperature and humidity first possible and then ubiquitous. Such is the now-typical … More Creative destruction (with emphasis on the creative), air cooling edition