Michael Giberson Electric rate regulation in Maryland has become so, uh, I can’t think of a nice way to say it. Here’s the short version of the story: Years ago when Maryland passed a law restructuring its state electric industry, it placed Baltimore Gas & Electric electric rates under a long-term rate cap. That rate …
Michael Giberson Greg Mankiw explains why the increase in Fed watching could be a bad sign: Perhaps increased Fed watching is inevitable whenever we have a new Fed chairman, but it is nonetheless troubling. Fundamentally, Fed watching is a symptom of ambiguity in monetary policymaking. Fed insiders do not have significantly more data on the …
The Ideal Fed Chairman Would Give Boring Speeches Read More »
Michael Giberson Wish you could tell the federal government just what was wrong (or right) with the state of competition in electricity markets? Here is your chance: Section 1815 of the Energy Policy Act of 2005 requires the Electric Energy Market Competition Task Force to conduct a study and analysis of competition within the wholesale …
Your Chance to Tell the Feds About Electric Market Competition Read More »
Michael Giberson Via Virginia Postrel, I see Daniel Drezner is upset with the Bono-voiced World Cup ads running on ESPN. Drezner apparently believes, contrary to implications of the ad, that soccer can’t in fact stop war. I appreciate his sentiment, especially the point urged in his title: Will Bono Please Be Quiet, Please? (As a …
World Cup Runneth Over: Soccer, War, Peace, and Baghdad Burning Read More »
Michael Giberson At EconLog, Arnold Kling challenges James Pinkerton?s push for reorganization of the federal government into five super-departments. Kling cites a former colleague of his as saying, ?When they don’t know what to do, they re-org.? Kling writes: A re-organization like the [proposed] plan would create all sorts of uncertainty about where people fit …
Posner, Kling Cynical About Government Reorganizations Read More »
Lynne Kiesling My childhood Steeler hero Lynn Swann is likely to be the Republican candidate for Governor in Pennsylvania in the upcoming election. Swann, a resident of Sewickley Heights (a suburb of Pittsburgh), is statistically tied with incumbent Governor Ed Rendell in a recent poll. An interesting quote from Swann, from the Post article: Swann …
Michael Giberson Switch grass, sometimes called “tall panic grass,” is not often the subject of fervent policy debate. But the weed was thrust into the limelight this week when it gained Presidential mention in the State of the Union address along with wood chips and stalks, as pillars of hope for our energy future. Maybe …
Lynne Kiesling When I heard this morning about the Hamas victory in the Palestinian elections, my initial reaction was what I characterize as a new institutional economics idea. One of the reasons why transparent democratic governance institutions lead to social stability (as opposed to stasis) and economic growth is that the combination of the transparency …
Michael Giberson Wonkette blogger-in-chief Ana Marie Cox is turning in the keys to the Wonkette kingdom for a shot at fame and fortune in the fusty world of ink-on-paper publishing. Her novel, Dog Days, was recently published and she has a deal ? in the ?mid-six-figures? according to one report ? to write about the …
Michael Giberson The Associated Press carried the following news item on efforts to prohibit gasoline price gouging: Northwest Senators Aim To Prohibit Gasoline Price GougingPOSTED: 1:30 pm PDTSeptember 21, 2005 WASHINGTON — Two Northwest senators, Republican Gordon Smith of Oregon and Democrat Maria Cantwell of Washington, have introduced legislation to prohibit gasoline price gouging during …
Is It Gouging for Politicians to Charge $1000 for a Meal? Read More »
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