Economics

Another Potentially Price-Responsive Appliance: the Dynamic Fridge

Lynne Kiesling We have another step toward the smart grid, the transactive electric power network prototyped in the GridWise Olympic Peninsula project: from the UK, pilot testing of 3,000 dynamic, intelligent refrigerators! The trial, run by energy company npower, will be the first trial of new technology to be approved under the government’s carbon emissions …

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I’m Gonna Plagiarize Ed Lopez’s Philosophy Here, Because It’s Mine Too

Lynne Kiesling In the comments on Will Wilkinson’s post to which I just linked, Ed Lopez offers a statement of philosophy that expresses my own beliefs more clearly and eloquently than I am capable of doing: Your post is why I consider myself a philosophical anarchist. I would love to have a government to which …

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Tom Friedman and Don Boudreaux: Arguments Against the Auto Bailout

Lynne Kiesling Tom Friedman and Don Boudreaux are making different, but complementary, arguments against the auto bailout. If you think that you recognize Tom Friedman’s argument in his most recent NYT column, you should: he is analyzing Better Place and its business model, which I did in this post from December 5. One important point …

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More on Constitutional Institutional Design and Corruption

Lynne Kiesling Yesterday when I was channeling my inner Jenny Holzer on the relationship between political power and corruption, I quoted James Madison in the comments: In framing a government which is to be administered by men over men you must first enable the government to control the governed; and in the next place oblige …

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A New Kp Bailout Rule of Thumb

Lynne Kiesling The KP Spouse and I have evolved a new rule over the course of the succession of fall bailout fiascos: whenever Barney Frank argues for something, the economically sensible and correct public policy is to do precisely the opposite of what he advocates.