Author name: Michael Giberson

China’s Central Government-based Energy Conservation Policies

4 Comments / Economics, Politics / By

Michael Giberson Tom Friedman wants to laud the China’s political leadership for their ability to get big things done economically while distancing himself from government’s authoritarian controls on politics. As mentioned in the prior post, Craig Pirrong responds that “it’s a package deal. Governments who think about people purely instrumentally, who think that they can …

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Tom Friedman Wants Us to Get Big Things Done

9 Comments / Economics, Liberty, Politics / By

Michael Giberson I don’t read Tom Friedman’s columns in the New York Times, but apparently Craig Pirrong does, and I read Pirrong’s Streetwise Professor blog, and Pirrong’s latest post on Friedman reminds me again why I don’t read Tom Friedman’s columns. At least I generally avoid Friedman except when someone else calls attention to a …

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Nhl’s Experiments in Hockey

2 Comments / Complexity, Professional sports / By

Michael Giberson Stephen Dubner at Freakonomics points to a Macleans story on some wild experimentation going on in the National Hockey League: shallower nets, moving the second referee off the ice, moving the face-off circles, three-on-three and two-on-two shootouts, and more. The article said: The unusual nature of some items tested at the camp reminded …

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Estimating Job Losses Due to the Deepwater Drilling Moratorium – Was the Good News Simply Assumed?

Economics, Energy markets / By

Michael Giberson Last week I pointed out that, “Temporary policies have temporary effects – and sometimes that is good news,” pointing to an Obama administration report that found job losses due to the temporary ban on deepwater drilling were smaller than expected. But possibly the government reached their happy results more or less by assumption …

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Queue Jumping Privileges for Cng-fueled Taxis in Dallas

4 Comments / Environmental policy, Regulation / By

Michael Giberson Dallas has implemented a policy giving natural gas-fueled taxis rights to jump to the head of the queue at the city’s Love Field Airport. Independent cab drivers in the city are protesting. (They also filed a lawsuit. A judge has denied the drivers a temporary injunction while the case it litigated.) The privilege …

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Supremo Vs. Invisible Hand: Battle over New Zealand Earthquake Recovery Approach

Economics, Liberty, Politics / By

Michael Giberson Post-earthquake in New Zealand, a battle emerges over the best system for rebuilding: Supremo vs. the Invisible Hand. Supremo has its backers: [Construction economist John Jackson said:] Rebuilding should be led by a “supremo”, such as a senior military officer with engineering corps experience, as was chosen for Darwin, and New Orleans after Hurricane …

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Temporary Policies Have Temporary Effects – And Sometimes That is Good News

1 Comment / Energy markets, Environmental policy, Politics / By

Michael Giberson Recent research has revealed that the “cash for clunkers”-policy boost to car sales did little more than rush car sales that would have taken place over the following several months, and no evidence was found of broader economic effects on employment or home prices due to the so-called stimulus effects of the spending. …

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Will Faking a Consumer Cartel Help Make Power Markets More Efficient?

2 Comments / Electricity, Energy markets, Politics / By

Michael Giberson Does the Federal Energy Regulatory Commission (FERC) really want to go down this path? Do they really think that faking a consumer cartel will help make wholesale power markets work more efficiently? Consumers come to any market in pretty direct competition with each other. Suppliers are offering their goods and I would like …

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