Peter Clarke, at the Adam Smith Institute Weblog, on eliminating the Royal Mail’s postal monopoly: The Post Office used to run a monopoly telephone service too. Sir Keith Joseph exploded that by privatizing it and bringing in competition. We can all see the dynamic force he released in the phone market today. Robert Burns remarked …
So it’s been a long time since I’ve gone out of my way to watch a television show (I think the last one was “Wait, Wait, Don’t Tell Me”), but I’ve been doing so with MI-5. I like the suspense, I like that it’s British, and I really like Matthew McFayden. As with most things …
Exelon, which owns the northern Illinois utility Commonwealth Edison, has announced its acquisition of Illinois Power, a downstate utility that is currently owned by Dynegy. There are lots of interesting potential aspects of this acquisition. First is Exelon’s pressure on the Illinois Commerce Commission to follow an accelerated process of approving the rate increase that …
One of the most interesting economic developments since the fall of the Soviet Union is the increasing interest in and ability to extract and sell oil from the Caspian Sea region. In many ways the Caspian is the cradle of the world oil industry, with much European activity in the late 19th century centered on …
This AP article describes how the anticipation of higher natural gas and heating oil prices this winter has induced more customers than usual to opt for fixed-bill spreading of their winter fuel costs across a year’s bills. Someone should do a study of these moves and tie it to estimates of customer price elasticity of …
The new Carnival of the Capitalists is up at Robert Prather’s site, Insults Unpunished. Lots of interesting content.
OK, this is very interesting … I tested the text wrapping by resizing the window in Netscape, Mozilla Firebird, and Mac Safari, and the page behaves as it is supposed to. In Microsoft’s Internet Explorer, however, it does not. If you are using IE to view this page, you will notice that the text is …
I hope you like the changes! New links, new colors, the ability to comment, all are snappy improvements. Welcome! I look forward to good conversations.
I discovered today talking to an Italian friend that in my post the other day describing how upset I was at not getting this house, I said that I was “very painful”. Well … who’da thunk that “dolorosa” meant painful? So to correct my error, I have to say that I have had “una settimana …
On Monday Arnold Kling posted a a comment on a commentary he wrote comparing Hayek and Stiglitz on information. As those of you who have given thought to the name of this site probably realize, this is a topic near and dear to my heart and mind. Even more so, because his commentary involves FCC …
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