Lynne Kiesling In Davos on Friday, the FT’s Martin Wolf chaired a panel discussion of economists including Peter Diamond, Joe Stiglitz, Robert Shiller, and Brian Arthur. His summary of the discussion is very well worth reading, because he highlights 10 important ideas that arose in the conversation. I’m going to summarize them here, which is …
Lynne Kiesling I found a lot of interesting and insightful thoughts in my morning reading today; here’s a synopsis: Election year linguistics 1: The New York Times has an analysis of the language used by Obama and the four presidential candidates; at Cato at Liberty, David Boaz points out how different Ron Paul’s emphasis is …
Michael Giberson From the most recent (January 2012) edition of Energy Economics: “Testing the Masters Hypothesis in commodity futures markets” by Scott Irwin and Dwight Sander. The “Masters Hypothesis” refers to claims by investment manager Michael Masters (in testimony before a Senate committee -included in this collection– and on the TV program 60 minutes, among …
Lynne Kiesling I found some things striking in yesterday’s SOPA/PIPA protests. One was Jim Harper’s clear and cogent statement that the Internet is not a thing, it’s a set of protocols stipulating how computers communicate with each other. That set of protocols is a platform, and those protocols are not the government’s to regulate. Jim’s …
Sopa/Pipa Protests and the Economics of Content Market Power Read More »
Michael Giberson At Robert Rapier’s R-Squared Energy Blog he offers his list of Top 10 Energy Stories of 2011. One of the stories: the U.S. was a net exporter of finished petroleum products such as diesel and gasoline for the first time since 1949. In a post today he notes that some people have been troubled by the …
Robert Rapier on the U.s. Exports of Gasoline – Isn’t This a Good Thing? Read More »
Michael Giberson Congressman Ed Markey recently sent a letter to Energy Secretary Steven Chu inquiring into the possibility that natural gas exports may be harmful to the public interest (see press release, copy of letter). Markey’s concern is that exports will tend to push U.S. gas prices (currently around $3 or $4 per mmbtu) to …
Congressman Markey Worries About U.S. Natural Gas Exports Read More »
Michael Giberson It sounds kind of funny to say the New York Attorney General wants to prohibit business-related reasoning in gasoline wholesaling. After all, gasoline wholesaling is a business activity and generally business-related reasoning would be entirely appropriate. It sounds like asking a court not to act on law-related reasoning or asking a politician not to …
Lynne Kiesling I am a big fan of English renaissance choral music, particularly sacred polyphony from Tallis and Byrd (and stretching back to Taverner, but he’s not as distinctively polyphonic). One of the best ensembles performing such music is Stile Antico, a group of 13 British singers who do an outstanding job with this music, …
Lynne Kiesling As is the vernacular these days, your response to the title of this post is probably “I know, right?” Or, if you prefer sarcasm, you may say “no, really?” This is the conclusion of an all-too-rare piece of investigative journalism from Dan Garino at the Columbus Dispatch: Ohio’s unique system for setting electricity …
Breaking News: State Regulatory Procedures Do Not Favor Consumers Read More »
Lynne Kiesling Pale Rider is one of my favorite Clint Eastwood movies. One of its central themes revolves around classic property rights concepts in a community of miners that includes a number of small pan miners and a family that has built a larger, hydraulic mining operation that essentially uses pressurized water to blast rock …
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